4,805 Shares in Airbnb, Inc. (NASDAQ:ABNB) Purchased by Virtu Financial LLC

Virtu Financial LLC bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,805 shares of the company’s stock, valued at approximately $609,000.

Other large investors have also recently made changes to their positions in the company. New Millennium Group LLC bought a new position in Airbnb during the 2nd quarter valued at approximately $28,000. Cultivar Capital Inc. bought a new position in shares of Airbnb during the second quarter valued at $30,000. Northwest Investment Counselors LLC bought a new position in Airbnb in the 3rd quarter worth about $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. Finally, Unique Wealth Strategies LLC purchased a new stake in Airbnb during the 2nd quarter valued at about $36,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Trading Down 4.7 %

Shares of ABNB stock opened at $130.95 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 stock has a fifty day simple moving average of $135.91 and a two-hundred day simple moving average of $134.77. The firm has a market capitalization of $83.02 billion, a PE ratio of 45.95, a PEG ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the business posted $2.39 EPS. On average, analysts predict that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Truist Financial decreased their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. TD Cowen upped their price objective on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Piper Sandler lifted their target price on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Raymond James assumed coverage on Airbnb in a report on Friday, September 27th. They set a “market perform” rating and a $134.00 price target on the stock. Finally, Phillip Securities reiterated a “reduce” rating and issued a $120.00 price objective on shares of Airbnb in a report on Tuesday, November 12th. Six analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $138.94.

Insider Buying and Selling at Airbnb

In related news, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.49, for a total transaction of $5,288,002.89. Following the completion of the transaction, the chief executive officer now directly owns 12,577,839 shares of the company’s stock, valued at approximately $1,729,327,084.11. This represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the transaction, the chief technology officer now owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 787,926 shares of company stock valued at $101,440,343 in the last three months. 27.83% of the stock is currently owned by corporate insiders.

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.