MKA Charitable Fund Has $255.63 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

MKA Charitable Fund boosted its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 17.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,015,865 shares of the company's stock after acquiring an additional 296,153 shares during the quarter. Airbnb accounts for 100.0% of MKA Charitable Fund's portfolio, making the stock its largest position. MKA Charitable Fund owned approximately 0.31% of Airbnb worth $255,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ABNB. Transcendent Capital Group LLC bought a new position in shares of Airbnb during the 1st quarter worth approximately $25,000. New Millennium Group LLC bought a new position in shares of Airbnb in the 2nd quarter valued at about $28,000. Pathway Financial Advisers LLC bought a new position in shares of Airbnb in the 1st quarter valued at about $33,000. Cultivar Capital Inc. acquired a new stake in Airbnb during the 2nd quarter valued at $30,000. Finally, Northwest Investment Counselors LLC bought a new position in Airbnb during the third quarter worth $25,000. 80.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of research reports. UBS Group upped their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Barclays boosted their price objective on Airbnb from $100.00 to $110.00 and gave the stock an "underweight" rating in a report on Friday, November 8th. Jefferies Financial Group boosted their price objective on Airbnb from $120.00 to $135.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Bank of America restated a "hold" rating and set a $142.00 price objective (up previously from $132.00) on shares of Airbnb in a report on Friday, October 11th. Finally, DA Davidson boosted their price objective on Airbnb from $125.00 to $131.00 and gave the stock a "neutral" rating in a report on Monday. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $138.97.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 42,719 shares of Airbnb 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 sale, the director now directly owns 16,472 shares in the company, valued at approximately $2,083,378.56. This trade represents a 72.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total value of $81,198.00. Following the sale, the chief technology officer now owns 192,244 shares in the company, valued at $26,016,380.52. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 417,206 shares of company stock valued at $51,738,467. 27.83% of the stock is owned by company insiders.

Airbnb Trading Down 0.6 %

ABNB stock traded down $0.75 during trading on Tuesday, hitting $131.44. The company had a trading volume of 5,158,002 shares, compared to its average volume of 4,518,327. The business has a 50-day moving average of $131.63 and a 200-day moving average of $136.06. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market cap of $83.33 billion, a PE ratio of 46.12, a PEG ratio of 1.87 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the business posted $2.39 earnings per share. Research analysts predict that Airbnb, Inc. will post 4.04 earnings per share for the current fiscal year.

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.