Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.3% during the third quarter, HoldingsChannel reports. The firm owned 19,584 shares of the company’s stock after purchasing an additional 815 shares during the quarter. Metis Global Partners LLC’s holdings in Airbnb were worth $2,483,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ABNB. Transcendent Capital Group LLC bought a new stake in shares of Airbnb in the first quarter worth $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb in the third quarter worth $25,000. Hollencrest Capital Management increased its stake in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. New Millennium Group LLC bought a new stake in Airbnb during the second quarter valued at $28,000. Finally, Cultivar Capital Inc. bought a new stake in Airbnb during the second quarter valued at $30,000. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ABNB shares. The Goldman Sachs Group lowered their target price on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Benchmark reiterated a “buy” rating and set a $155.00 target price on shares of Airbnb in a research note on Friday, November 8th. Argus lowered shares of Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. BMO Capital Markets lowered their target price on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Finally, UBS Group boosted their target price on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $139.31.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $132.50 on Friday. The firm has a 50-day moving average of $130.99 and a two-hundred day moving average of $136.73. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $85.01 billion, a price-to-earnings ratio of 46.49, a PEG ratio of 1.87 and a beta of 1.15. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the previous year, the firm posted $2.39 EPS. As a group, analysts expect that Airbnb, Inc. will post 4.04 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the transaction, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. This represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian Chesky sold 230,769 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of the transaction, the chief executive officer now owns 13,315,912 shares in the company, valued at $1,597,909,440. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 417,806 shares of company stock worth $51,809,831 in the last 90 days. Company insiders own 27.83% of the company’s stock.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.