584 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Park Place Capital Corp

Park Place Capital Corp bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 584 shares of the company’s stock, valued at approximately $77,000.

A number of other hedge funds have also recently made changes to their positions in ABNB. Benjamin F. Edwards & Company Inc. boosted its position in Airbnb by 13.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,197 shares of the company’s stock worth $788,000 after buying an additional 608 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Airbnb by 11.1% during the second quarter. Thrivent Financial for Lutherans now owns 19,729 shares of the company’s stock valued at $2,992,000 after acquiring an additional 1,969 shares during the last quarter. Frank Rimerman Advisors LLC lifted its holdings in shares of Airbnb by 696.0% during the second quarter. Frank Rimerman Advisors LLC now owns 1,982 shares of the company’s stock worth $301,000 after purchasing an additional 1,733 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Airbnb by 90.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,643 shares of the company’s stock worth $229,000 after purchasing an additional 780 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in Airbnb by 81.7% in the second quarter. Public Sector Pension Investment Board now owns 16,919 shares of the company’s stock valued at $2,565,000 after purchasing an additional 7,609 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on ABNB. Phillip Securities reiterated a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. UBS Group increased their target price on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Citigroup boosted their price target on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Cantor Fitzgerald reiterated an “underweight” rating and set a $94.00 price objective on shares of Airbnb in a research report on Monday, October 7th. Finally, Benchmark restated a “buy” rating and issued a $155.00 target price on shares of Airbnb in a report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $139.63.

Airbnb Trading Down 0.4 %

Shares of Airbnb stock opened at $132.50 on Thursday. 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 stock has a fifty day simple moving average of $134.10 and a 200 day simple moving average of $131.55. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a market capitalization of $84.00 billion, a P/E ratio of 46.49, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the company earned $2.39 EPS. On average, sell-side analysts anticipate that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total transaction of $81,198.00. Following the completion of the sale, the chief technology officer now owns 192,244 shares in the company, valued at approximately $26,016,380.52. This trade represents a 0.31 % 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 76,923 shares of Airbnb stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the sale, the chief executive officer now directly owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. This represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,130,382 shares of company stock valued at $150,441,919 in the last ninety days. 27.83% of the stock is currently owned by insiders.

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.