UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $299.27 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,360,004 shares of the company’s stock after acquiring an additional 80,610 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.37% of Airbnb worth $299,272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in Airbnb in the third quarter worth approximately $25,000. Hollencrest Capital Management increased its holdings in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. New Millennium Group LLC purchased a new position in Airbnb during the 2nd quarter worth $28,000. Cultivar Capital Inc. bought a new stake in Airbnb in the 2nd quarter worth about $30,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb during the third quarter valued at approximately $30,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Down 1.6 %

Shares of NASDAQ ABNB opened at $136.11 on Friday. The firm’s fifty day moving average is $134.15 and its 200 day moving average is $135.40. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. 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 market cap of $86.29 billion, a price-to-earnings ratio of 47.76, a PEG ratio of 1.96 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period last year, the company posted $2.39 earnings per share. On average, equities research analysts expect that Airbnb, Inc. will post 4.02 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on ABNB. Wells Fargo & Company lifted their price objective on shares of Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Mizuho decreased their price objective on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, September 13th. Sanford C. Bernstein cut their target price 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. Benchmark restated a “buy” rating and set a $155.00 price target on shares of Airbnb in a research note on Friday, November 8th. Finally, 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. Six analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $138.97.

Insiders Place Their Bets

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $750,000.00. Following the sale, the chief financial officer now directly owns 537,072 shares of the company’s stock, valued at approximately $64,448,640. The trade was a 1.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 230,769 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the transaction, the chief executive officer now owns 13,315,912 shares in the company, valued at $1,597,909,440. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 718,017 shares of company stock worth $91,842,052. 27.83% of the stock is currently owned by company insiders.

About Airbnb

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.