Verdence Capital Advisors LLC Has $733,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

Verdence Capital Advisors LLC raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 11.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,781 shares of the company’s stock after buying an additional 617 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Airbnb were worth $733,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ABNB. Transcendent Capital Group LLC bought a new stake in Airbnb in the first quarter valued at about $25,000. New Millennium Group LLC bought a new stake in shares of Airbnb in the 2nd quarter valued at approximately $28,000. Heritage Wealth Advisors raised its holdings in shares of Airbnb by 55.0% in the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock worth $33,000 after buying an additional 71 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of Airbnb in the 1st quarter worth approximately $33,000. Finally, Cultivar Capital Inc. bought a new position in shares of Airbnb during the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 16,472 shares in the company, valued at $2,259,958.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Joseph Gebbia sold 11,635 shares of the company’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 completion of the sale, the director now owns 16,472 shares in the company, valued at $2,259,958.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now directly owns 198,244 shares in the company, valued at $23,579,141.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 417,806 shares of company stock worth $51,809,831. 27.83% of the stock is currently owned by company insiders.

Airbnb Trading Down 8.7 %

NASDAQ ABNB opened at $134.61 on Monday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The stock has a 50-day simple moving average of $129.14 and a 200 day simple moving average of $137.38. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $86.37 billion, a PE ratio of 47.23, a P/E/G ratio of 1.99 and a beta of 1.15.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ABNB shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Piper Sandler lifted their price target on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Friday. Sanford C. Bernstein reduced their price target on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 17th. Bank of America reaffirmed a “hold” rating and set a $142.00 price objective (up previously from $132.00) on shares of Airbnb in a report on Friday, October 11th. Finally, Royal Bank of Canada reduced their target price on Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus target price of $139.26.

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.