Airbnb, Inc. (NASDAQ:ABNB) Holdings Increased by Creative Planning

Creative Planning grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 44.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,442 shares of the company’s stock after buying an additional 21,518 shares during the quarter. Creative Planning’s holdings in Airbnb were worth $8,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ABNB. Jennison Associates LLC raised its position in shares of Airbnb by 57.9% during the 1st quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock worth $1,753,860,000 after buying an additional 3,899,179 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Airbnb by 158.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock worth $958,279,000 after purchasing an additional 3,558,178 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Airbnb by 19,052.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock worth $256,784,000 after purchasing an additional 1,684,646 shares in the last quarter. Farallon Capital Management LLC bought a new stake in shares of Airbnb in the 1st quarter worth approximately $265,292,000. Finally, Swedbank AB bought a new stake in shares of Airbnb in the 1st quarter worth approximately $175,496,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Price Performance

NASDAQ:ABNB opened at $135.59 on Wednesday. The stock has a market cap of $87.33 billion, a P/E ratio of 18.15, a PEG ratio of 1.83 and a beta of 1.17. 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 company has a fifty day moving average price of $123.64 and a 200 day moving average price of $139.65. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. Analysts anticipate that Airbnb, Inc. will post 4.33 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were 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 of the company’s stock, valued at $23,579,141.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were 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 of the company’s stock, valued at approximately $23,579,141.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 230,769 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the completion of the sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 405,571 shares of company stock valued at $50,126,587 in the last 90 days. 27.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ABNB has been the topic of a number of research reports. Argus downgraded shares of Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Bank of America reiterated a “hold” rating and issued a $142.00 target price (up from $132.00) on shares of Airbnb in a report on Friday, October 11th. Susquehanna dropped their target price on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating on the stock in a research report on Wednesday, August 7th. 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 research report on Wednesday, August 7th. Finally, Jefferies Financial Group lifted their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday. Five investment 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’s stock. According to data from MarketBeat, Airbnb has a consensus rating of “Hold” and an average price target of $135.03.

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.