B. Metzler seel. Sohn & Co. Holding AG Makes New $4.59 Million Investment in Airbnb, Inc. (NASDAQ:ABNB)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 36,169 shares of the company's stock, valued at approximately $4,587,000.

A number of other institutional investors have also made changes to their positions in ABNB. Transcendent Capital Group LLC bought a new position in Airbnb during the first quarter worth $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb during the 3rd quarter worth about $25,000. Hollencrest Capital Management grew its stake in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company's stock valued at $26,000 after buying an additional 200 shares during the last quarter. New Millennium Group LLC bought a new position in Airbnb in the 2nd quarter valued at about $28,000. Finally, Cultivar Capital Inc. bought a new position in Airbnb in the 2nd quarter valued at about $30,000. Institutional investors own 80.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ABNB. Truist Financial decreased their target price on Airbnb from $134.00 to $124.00 and set a "hold" rating on the stock in a research report on Wednesday, September 4th. Robert W. Baird upped their price objective on Airbnb from $120.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, November 8th. TD Cowen increased their price objective on Airbnb from $150.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Susquehanna boosted their target price 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Airbnb from $121.00 to $142.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Airbnb currently has an average rating of "Hold" and a consensus target price of $138.97.

Airbnb Price Performance

ABNB stock traded up $3.81 during midday trading on Wednesday, reaching $135.25. 5,535,595 shares of the stock were exchanged, compared to its average volume of 4,522,908. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $85.74 billion, a PE ratio of 47.46, a P/E/G ratio of 1.87 and a beta of 1.15. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a fifty day moving average price of $132.02 and a 200 day moving average price of $136.05.

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

Insider Buying and Selling

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $750,000.00. Following the transaction, the chief financial officer now directly owns 537,072 shares of the company's stock, valued at approximately $64,448,640. The trade was a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $72,000.00. Following the transaction, the chief technology officer now owns 195,844 shares in the company, valued at $23,501,280. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 417,206 shares of company stock valued at $51,738,467 over the last 90 days. 27.83% of the stock is owned by insiders.

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.