Quest Partners LLC Buys 2,077 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Quest Partners LLC grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 3,643.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,134 shares of the company’s stock after acquiring an additional 2,077 shares during the period. Quest Partners LLC’s holdings in Airbnb were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Legal & General Group Plc grew its stake in Airbnb by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after buying an additional 153,784 shares during the last quarter. Farallon Capital Management LLC grew its position in shares of Airbnb by 5.8% in the second quarter. Farallon Capital Management LLC now owns 1,701,000 shares of the company’s stock valued at $257,923,000 after purchasing an additional 92,780 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Airbnb by 19,052.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock valued at $256,784,000 after purchasing an additional 1,684,646 shares during the last quarter. Swedbank AB increased its stake in shares of Airbnb by 8.1% during the second quarter. Swedbank AB now owns 1,150,371 shares of the company’s stock worth $174,431,000 after purchasing an additional 86,502 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in Airbnb by 19,430.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after purchasing an additional 1,113,747 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ABNB shares. Raymond James started coverage on Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 price objective on the stock. Royal Bank of Canada lowered their price target on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. The Goldman Sachs Group cut their price objective on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a report on Thursday, August 8th. B. Riley lowered their target price on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Finally, Mizuho cut their price target on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Six analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus price target of $138.97.

Airbnb Trading Down 0.9 %

Shares of ABNB stock opened at $139.67 on Wednesday. The stock has a market cap of $88.55 billion, a price-to-earnings ratio of 49.01, a PEG ratio of 1.95 and a beta of 1.15. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The stock has a 50-day moving average of $133.55 and a 200-day moving average of $135.45. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last issued its earnings results 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). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the company earned $2.39 earnings per share. On average, equities research analysts forecast that Airbnb, Inc. will post 4.02 earnings per share for the current year.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00. Following the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. This trade represents a 41.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 230,769 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the sale, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. The trade was a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 641,094 shares of company stock valued at $81,077,447 in the last three months. Corporate 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.