Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 67.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,102 shares of the company’s stock after selling 4,400 shares during the period. Los Angeles Capital Management LLC’s holdings in Airbnb were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Transcendent Capital Group LLC acquired a new position in Airbnb in the first quarter worth approximately $25,000. New Millennium Group LLC acquired a new position in shares of Airbnb in the 2nd quarter worth $28,000. Pathway Financial Advisers LLC acquired a new stake in shares of Airbnb during the first quarter worth $33,000. Cultivar Capital Inc. purchased a new stake in shares of Airbnb during the second quarter valued at $30,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at $25,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Down 0.2 %

ABNB stock opened at $132.19 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The company has a 50-day moving average of $131.30 and a two-hundred day moving average of $136.26. The stock has a market capitalization of $83.80 billion, a price-to-earnings ratio of 46.38, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the business earned $2.39 EPS. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.04 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on ABNB. Morgan Stanley boosted their price objective on Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Sanford C. Bernstein reduced their price target on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, September 17th. Raymond James started coverage on shares of Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 price objective on the stock. Benchmark restated a “buy” rating and issued a $155.00 target price on shares of Airbnb in a report on Friday, November 8th. Finally, Phillip Securities reaffirmed a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a research report on Tuesday, November 12th. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus price target of $138.97.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 42,719 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total value of $5,403,099.12. Following the completion of the transaction, the director now directly owns 16,472 shares in the company, valued at approximately $2,083,378.56. This represents a 72.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’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 $72,000.00. Following the transaction, the chief technology officer now directly owns 195,844 shares of the company’s stock, valued at $23,501,280. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 417,206 shares of company stock worth $51,738,467 in the last ninety days. Insiders own 27.83% of the company’s stock.

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.