Ables Iannone Moore & Associates Inc. Buys 1,054 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Ables Iannone Moore & Associates Inc. grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 11.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,324 shares of the company’s stock after buying an additional 1,054 shares during the period. Airbnb accounts for approximately 0.8% of Ables Iannone Moore & Associates Inc.’s portfolio, making the stock its 24th largest holding. Ables Iannone Moore & Associates Inc.’s holdings in Airbnb were worth $1,309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Airbnb by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock worth $5,662,164,000 after acquiring an additional 791,149 shares during the period. Jennison Associates LLC increased its holdings in shares of Airbnb by 57.9% in the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock worth $1,753,860,000 after purchasing an additional 3,899,179 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Airbnb by 158.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock worth $958,279,000 after buying an additional 3,558,178 shares in the last quarter. Legal & General Group Plc boosted its stake in Airbnb by 4.7% during the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after buying an additional 153,784 shares during the period. Finally, Alphinity Investment Management Pty Ltd boosted its stake in Airbnb by 1.6% during the first quarter. Alphinity Investment Management Pty Ltd now owns 2,536,014 shares of the company’s stock valued at $418,341,000 after buying an additional 39,129 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $126.18 on Thursday. The company has a 50 day simple moving average of $122.46 and a two-hundred day simple moving average of $142.62. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a market capitalization of $81.27 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41.

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). The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. Analysts expect that Airbnb, Inc. will post 4.39 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 230,769 shares of the company’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 owns 13,315,912 shares in the company, valued at $1,597,909,440. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $152.92, for a total value of $91,752.00. Following the completion of the sale, the chief technology officer now directly owns 208,174 shares in the company, valued at approximately $31,833,968.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. The disclosure for this sale can be found here. In the last ninety days, insiders sold 629,312 shares of company stock worth $85,527,092. 27.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ABNB has been the topic of several recent analyst reports. Morgan Stanley raised their price target on Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. BMO Capital Markets lowered their target price on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Benchmark reissued a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research note on Monday, August 26th. Robert W. Baird lowered their price objective on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Finally, Wedbush cut their target price on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $134.16.

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.