Plato Investment Management Ltd Lowers Stake in Airbnb, Inc. (NASDAQ:ABNB)

Plato Investment Management Ltd lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 32.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,105 shares of the company’s stock after selling 4,388 shares during the quarter. Plato Investment Management Ltd’s holdings in Airbnb were worth $1,153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ABNB. Avantax Advisory Services Inc. raised its position in shares of Airbnb by 19.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,416 shares of the company’s stock valued at $728,000 after buying an additional 732 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of Airbnb during the 1st quarter valued at $235,000. SageView Advisory Group LLC raised its position in Airbnb by 6.2% in the 1st quarter. SageView Advisory Group LLC now owns 2,995 shares of the company’s stock worth $494,000 after purchasing an additional 175 shares during the period. Orion Portfolio Solutions LLC raised its position in Airbnb by 6.4% in the 1st quarter. Orion Portfolio Solutions LLC now owns 41,323 shares of the company’s stock worth $6,817,000 after purchasing an additional 2,470 shares during the period. Finally, Dorsey & Whitney Trust CO LLC raised its position in Airbnb by 30.2% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 1,959 shares of the company’s stock worth $323,000 after purchasing an additional 454 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 1.4 %

ABNB stock opened at $134.56 on Friday. The business has a fifty day moving average price of $130.62 and a 200-day moving average price of $136.94. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. 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 stock has a market capitalization of $86.34 billion, a P/E ratio of 47.21, a P/E/G ratio of 1.88 and a beta of 1.15.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ABNB. Susquehanna lifted their target price on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Monday. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Argus cut shares of Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Finally, B. Riley lowered their price objective on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $139.31.

Insider Transactions at Airbnb

In related news, CEO Brian Chesky sold 230,769 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. The trade was a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 42,719 shares of the business’s stock in a transaction dated 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 sale, the director now owns 16,472 shares in the company, valued at $2,083,378.56. This represents a 72.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 417,806 shares of company stock valued at $51,809,831 over the last 90 days. Company insiders own 27.83% of the company’s stock.

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.