Hantz Financial Services Inc. Sells 8,608 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Hantz Financial Services Inc. cut its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 170,010 shares of the company's stock after selling 8,608 shares during the quarter. Hantz Financial Services Inc.'s holdings in Airbnb were worth $21,559,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Edgewood Management LLC increased its stake in shares of Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company's stock worth $1,722,388,000 after purchasing an additional 1,143,464 shares in the last quarter. Pacer Advisors Inc. increased its stake in Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company's stock worth $537,872,000 after buying an additional 4,172,985 shares in the last quarter. Legal & General Group Plc increased its stake in Airbnb by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company's stock worth $519,044,000 after buying an additional 153,784 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Airbnb by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company's stock valued at $343,185,000 after acquiring an additional 52,358 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Airbnb by 3.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company's stock valued at $299,272,000 after acquiring an additional 80,610 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wedbush increased their target price on Airbnb from $135.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Sanford C. Bernstein cut their price objective on shares of Airbnb from $174.00 to $155.00 and set an "outperform" rating for the company in a report on Tuesday, September 17th. Barclays boosted their target price on shares of Airbnb from $100.00 to $110.00 and gave the stock an "underweight" rating in a report on Friday, November 8th. Cantor Fitzgerald restated an "underweight" rating and set a $94.00 target price on shares of Airbnb in a research report on Monday, October 7th. Finally, Robert W. Baird lifted their price target on shares of Airbnb from $120.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Six analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $138.97.

Airbnb Trading Down 1.6 %

Airbnb stock traded down $2.17 during mid-day trading on Friday, hitting $136.11. The company's stock had a trading volume of 2,664,193 shares, compared to its average volume of 4,521,642. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The company has a 50 day moving average of $134.15 and a 200-day moving average of $135.40. 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 $86.29 billion, a PE ratio of 47.76, a P/E/G ratio of 1.96 and a beta of 1.15.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued 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 company had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the prior year, the firm posted $2.39 earnings per share. On average, research analysts anticipate that Airbnb, Inc. will post 4.02 EPS for the current year.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $72,000.00. Following the completion of the sale, the chief technology officer now directly owns 195,844 shares in the company, valued at $23,501,280. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brian Chesky sold 76,923 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 12,616,300 shares of the company's stock, valued at approximately $1,765,525,022. This trade represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 718,017 shares of company stock worth $91,842,052 in the last three months. Corporate insiders own 27.83% of the company's stock.

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.