Simon Quick Advisors LLC Purchases 810 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Simon Quick Advisors LLC raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 26.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,878 shares of the company’s stock after buying an additional 810 shares during the period. Simon Quick Advisors LLC’s holdings in Airbnb were worth $510,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ABNB. Edgewood Management LLC raised its stake in Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares during the period. Geode Capital Management LLC raised its position in shares of Airbnb by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after buying an additional 146,761 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after buying an additional 4,172,985 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Airbnb by 4.7% during the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after acquiring an additional 153,784 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Airbnb by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock valued at $343,185,000 after acquiring an additional 52,358 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the sale, the insider now owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 11,635 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. The trade was a 41.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,130,382 shares of company stock worth $150,441,919. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Down 0.4 %

Shares of NASDAQ ABNB opened at $132.50 on Thursday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The firm has a market cap of $84.00 billion, a PE ratio of 46.49, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13. The business has a fifty day simple moving average of $134.10 and a two-hundred day simple moving average of $131.55. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period last year, the company earned $2.39 earnings per share. Analysts expect that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ABNB. Robert W. Baird increased their price objective on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. UBS Group raised their price target on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Jefferies Financial Group upped their price objective on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Barclays increased their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Airbnb has an average rating of “Hold” and a consensus target price of $139.63.

Airbnb 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.