Airbnb, Inc. (NASDAQ:ABNB) Holdings Trimmed by Future Fund LLC

Future Fund LLC lowered its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,674 shares of the company’s stock after selling 199 shares during the period. Airbnb accounts for 3.5% of Future Fund LLC’s investment portfolio, making the stock its 12th largest position. Future Fund LLC’s holdings in Airbnb were worth $1,184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of ABNB. Transcendent Capital Group LLC acquired a new position in shares of Airbnb in the 1st quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at $25,000. Hollencrest Capital Management boosted its position in shares of Airbnb by 6,666.7% in 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 period. New Millennium Group LLC acquired a new position in shares of Airbnb in the 2nd quarter valued at $28,000. Finally, Cultivar Capital Inc. acquired a new position in shares of Airbnb in the 2nd quarter valued at $30,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

ABNB opened at $133.20 on Wednesday. The stock has a market cap of $85.46 billion, a PE ratio of 46.74, a P/E/G ratio of 1.90 and a beta of 1.15. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The stock’s 50 day simple moving average is $129.90 and its 200-day simple moving average is $136.99.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results 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). Airbnb had a net margin of 16.96% and a return on equity of 33.36%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the company earned $2.39 earnings per share. Sell-side analysts forecast that Airbnb, Inc. will post 4.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ABNB. Wells Fargo & Company raised their price objective on Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Wedbush raised their price objective on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Phillip Securities restated a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research report on Tuesday. Royal Bank of Canada decreased their price objective 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. Finally, The Goldman Sachs Group decreased their price objective on Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. Six research 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, the stock has an average rating of “Hold” and a consensus target price of $139.31.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’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. This represents 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 hyperlink. In other news, Director Joseph Gebbia sold 42,719 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the sale, the director now owns 16,472 shares in the company, valued at approximately $2,083,378.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the 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 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. Insiders have sold 417,806 shares of company stock worth $51,809,831 over the last three months. Company insiders own 27.83% of the company’s stock.

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.