UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 80,610 Shares of Airbnb, Inc. (NASDAQ:ABNB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,360,004 shares of the company’s stock after purchasing an additional 80,610 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Airbnb were worth $299,272,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In other news, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at $21,466,767. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 230,769 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were 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 directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 718,017 shares of company stock valued at $91,842,052 in the last quarter. 27.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on ABNB. Wells Fargo & Company raised their price target on shares of Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. TD Cowen boosted their target price on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group dropped their price target on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. Finally, BMO Capital Markets dropped their target price on shares of Airbnb from $151.00 to $130.00 and set a “market perform” 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $138.97.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $136.11 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market cap of $86.29 billion, a price-to-earnings ratio of 47.76, a P/E/G ratio of 1.96 and a beta of 1.15. The firm has a fifty day moving average price of $134.15 and a 200 day moving average price of $135.40. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last issued 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 firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the previous year, the business earned $2.39 EPS. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.02 earnings per share for the current fiscal year.

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.