MQS Management LLC Makes New $360,000 Investment in Airbnb, Inc. (NASDAQ:ABNB)

MQS Management LLC acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,376 shares of the company’s stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors have also modified their holdings of ABNB. Dimensional Fund Advisors LP grew its position in Airbnb by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 694,090 shares of the company’s stock worth $94,497,000 after purchasing an additional 48,348 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Airbnb by 40.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,684 shares of the company’s stock worth $502,000 after buying an additional 1,059 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Airbnb by 45.0% during the fourth quarter. Quadrant Capital Group LLC now owns 912 shares of the company’s stock valued at $124,000 after acquiring an additional 283 shares during the period. PNC Financial Services Group Inc. raised its holdings in Airbnb by 103.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 78,413 shares of the company’s stock valued at $10,675,000 after acquiring an additional 39,924 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in shares of Airbnb by 27.3% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,011 shares of the company’s stock worth $274,000 after acquiring an additional 431 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of Airbnb stock opened at $128.75 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a 50 day simple moving average of $126.26 and a 200 day simple moving average of $145.03. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market cap of $82.92 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.54 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, August 6th. The company reported $0.86 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 during the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the business posted $0.98 earnings per share. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. Sell-side analysts predict that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ABNB. Truist Financial lowered their price objective on Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Morgan Stanley increased their price objective on shares of Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a research note on Tuesday, July 23rd. Piper Sandler reduced their price objective on shares of Airbnb from $155.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. TD Cowen lowered their target price on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $134.17.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $148.97, for a total transaction of $89,382.00. Following the transaction, the chief technology officer now directly owns 209,374 shares in the company, valued at approximately $31,190,444.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $148.97, for a total transaction of $89,382.00. Following the completion of the sale, the chief technology officer now owns 209,374 shares in the company, valued at approximately $31,190,444.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 115,385 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $151.95, for a total value of $17,532,750.75. Following the completion of the transaction, the chief executive officer now directly owns 13,914,302 shares in the company, valued at approximately $2,114,278,188.90. The disclosure for this sale can be found here. Insiders sold a total of 685,451 shares of company stock worth $95,552,289 over the last three months. 27.83% of the stock is currently owned by company insiders.

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.