Avior Wealth Management LLC Raises Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Avior Wealth Management LLC increased its position in Airbnb, Inc. (NASDAQ:ABNB) by 20.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,032 shares of the company’s stock after buying an additional 174 shares during the quarter. Avior Wealth Management LLC’s holdings in Airbnb were worth $131,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in Airbnb by 19,052.8% during the 2nd 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 period. Farallon Capital Management LLC purchased a new position in Airbnb during the 1st quarter valued at $265,292,000. International Assets Investment Management LLC increased its position 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 valued at $1,419,610,000 after purchasing an additional 1,113,747 shares during the period. Swedbank AB purchased a new position in Airbnb during the 1st quarter valued at $175,496,000. Finally, Jupiter Asset Management Ltd. purchased a new position in Airbnb during the 2nd quarter valued at $60,240,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ABNB has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their price objective 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. Cantor Fitzgerald restated an “underweight” rating and set a $94.00 target price on shares of Airbnb in a report on Monday, October 7th. Barclays boosted their target price on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Truist Financial dropped their target price on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Finally, Bank of America restated a “hold” rating and set a $142.00 target price (up previously from $132.00) on shares of Airbnb in a report on Friday, October 11th. Six research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $138.97.

Insider Activity

In other news, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now owns 164,850 shares of the company’s stock, valued at $21,466,767. This represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Chesky sold 230,769 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were 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 $1,597,909,440. The trade was a 1.70 % decrease in their position. 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 quarter. 27.83% of the stock is currently owned by insiders.

Airbnb Price Performance

NASDAQ ABNB opened at $137.34 on Friday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The firm has a market capitalization of $87.07 billion, a P/E ratio of 48.19, a PEG ratio of 1.89 and a beta of 1.15. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $132.73 and a 200-day moving average price of $135.70.

Airbnb (NASDAQ:ABNB) last released its quarterly 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 business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the company earned $2.39 EPS. Equities research analysts anticipate that Airbnb, Inc. will post 4.02 earnings per share for the current year.

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.