Mirador Capital Partners LP Sells 90 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Mirador Capital Partners LP reduced its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,538 shares of the company’s stock after selling 90 shares during the quarter. Mirador Capital Partners LP’s holdings in Airbnb were worth $575,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Airbnb during the 1st quarter valued at $7,628,000. SteelPeak Wealth LLC increased its stake in shares of Airbnb by 17.2% in the first quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company’s stock worth $1,107,000 after purchasing an additional 985 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Airbnb by 20.6% in the first quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock valued at $80,644,000 after purchasing an additional 83,383 shares during the period. Shellback Capital LP bought a new position in Airbnb in the 2nd quarter worth approximately $22,744,000. Finally, State of Tennessee Treasury Department grew its stake in Airbnb by 35.8% in the 4th quarter. State of Tennessee Treasury Department now owns 143,254 shares of the company’s stock valued at $19,503,000 after buying an additional 37,785 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In related news, Director Joseph Gebbia sold 42,719 shares of the business’s 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 completion of the transaction, the director now owns 16,472 shares in the company, valued at $2,083,378.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $145.88, for a total transaction of $145,880.00. Following the transaction, the chief accounting officer now owns 44,043 shares of the company’s stock, valued at approximately $6,424,992.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Gebbia sold 42,719 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 672,631 shares of company stock worth $91,006,602 in the last quarter. 27.83% of the stock is owned by corporate insiders.

Airbnb Trading Up 3.6 %

Shares of ABNB opened at $129.85 on Friday. The firm has a market cap of $83.63 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.72 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. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a 50 day simple moving average of $121.96 and a two-hundred day simple moving average of $142.28.

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 analysts’ consensus estimates 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 net margin of 46.11% and a return on equity of 34.74%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. On average, equities analysts expect that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Sanford C. Bernstein decreased their target price on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday, September 17th. B. Riley cut their price target on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada lowered their price objective on Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Finally, Argus cut Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Five 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, Airbnb currently has an average rating of “Hold” and a consensus price target of $134.16.

Airbnb 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.