Benjamin Edwards Inc. Buys Shares of 5,607 Airbnb, Inc. (NASDAQ:ABNB)

Benjamin Edwards Inc. bought a new position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,607 shares of the company's stock, valued at approximately $711,000.

A number of other institutional investors also recently modified their holdings of the stock. Northwest Investment Counselors LLC acquired a new stake in Airbnb in the third quarter valued at approximately $25,000. Hollencrest Capital Management increased its position in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after buying an additional 200 shares during the last quarter. New Millennium Group LLC bought a new position in Airbnb during the second quarter valued at about $28,000. Cultivar Capital Inc. acquired a new stake in shares of Airbnb in the second quarter worth about $30,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Airbnb during the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the sale, the insider now owns 164,850 shares in the company, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the transaction, the chief executive officer now owns 12,616,300 shares in the company, valued at $1,765,525,022. The trade was a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 748,465 shares of company stock worth $96,015,340. Insiders own 27.83% of the company's stock.

Airbnb Price Performance

NASDAQ:ABNB traded up $0.60 during trading hours on Friday, reaching $136.92. The company had a trading volume of 4,294,949 shares, compared to its average volume of 5,668,135. The firm has a market capitalization of $86.80 billion, a PE ratio of 48.04, a PEG ratio of 1.94 and a beta of 1.13. The stock has a 50-day moving average of $134.92 and a two-hundred day moving average of $135.03. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter last year, the business earned $2.39 EPS. Analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ABNB shares. Citigroup raised their price objective on Airbnb from $135.00 to $158.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Susquehanna lifted their price target on shares of Airbnb from $130.00 to $160.00 and gave the company a "positive" rating in a research report on Monday, November 11th. Piper Sandler boosted their price objective on shares of Airbnb from $125.00 to $145.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Robert W. Baird raised their target price on shares of Airbnb from $120.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Finally, Sanford C. Bernstein cut their target price on shares of Airbnb from $174.00 to $155.00 and set an "outperform" rating for the company in a research report on Tuesday, September 17th. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $138.94.

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.