26,903 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. bought a new position in Airbnb, Inc. (NASDAQ:ABNB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,903 shares of the company’s stock, valued at approximately $3,412,000.

A number of other hedge funds have also modified their holdings of the stock. Transcendent Capital Group LLC acquired a new stake in shares of Airbnb in the first quarter worth $25,000. New Millennium Group LLC acquired a new stake in shares of Airbnb in the second quarter worth $28,000. Heritage Wealth Advisors boosted its position in shares of Airbnb by 55.0% in the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock worth $33,000 after buying an additional 71 shares during the period. Pathway Financial Advisers LLC acquired a new stake in shares of Airbnb in the first quarter worth $33,000. Finally, Cultivar Capital Inc. acquired a new stake in shares of Airbnb in the second quarter worth $30,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Trading Down 1.2 %

Airbnb stock opened at $135.59 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The business’s 50-day simple moving average is $123.64 and its 200-day simple moving average is $139.65. The firm has a market capitalization of $87.33 billion, a PE ratio of 18.15, a PEG ratio of 1.83 and a beta of 1.17. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Equities research analysts forecast that Airbnb, Inc. will post 4.33 earnings per share for the current year.

Wall Street Analyst Weigh In

ABNB has been the subject of several recent analyst reports. Royal Bank of Canada decreased their target price on Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Jefferies Financial Group raised their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Bank of America reissued a “hold” rating and set a $142.00 price objective (up previously from $132.00) on shares of Airbnb in a research report on Friday, October 11th. Finally, Truist Financial reduced their price objective on Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Airbnb currently has an average rating of “Hold” and a consensus target price of $135.03.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $126.57, for a total transaction of $75,942.00. Following the transaction, the chief technology officer now directly owns 205,774 shares in the company, valued at $26,044,815.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Airbnb news, CEO Brian Chesky sold 230,769 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 $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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $126.57, for a total value of $75,942.00. Following the sale, the chief technology officer now directly owns 205,774 shares in the company, valued at $26,044,815.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 405,571 shares of company stock worth $50,126,587 over the last three months. Company 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.