Entropy Technologies LP Purchases New Position in Airbnb, Inc. (NASDAQ:ABNB)

Entropy Technologies LP acquired a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,734 shares of the company's stock, valued at approximately $2,883,000.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in Airbnb by 158.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company's stock worth $958,279,000 after purchasing an additional 3,558,178 shares during the period. Assenagon Asset Management S.A. increased its stake in Airbnb by 19,052.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company's stock worth $256,784,000 after purchasing an additional 1,684,646 shares during the period. Farallon Capital Management LLC purchased a new position in Airbnb in the 1st quarter worth approximately $265,292,000. International Assets Investment Management LLC increased its stake in Airbnb by 19,430.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company's stock worth $1,419,610,000 after purchasing an additional 1,113,747 shares during the period. Finally, Swedbank AB purchased a new position in Airbnb in the 1st quarter worth approximately $175,496,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ABNB shares. Argus cut Airbnb from a "buy" rating to a "hold" rating in a research note on Wednesday, September 4th. Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a research note on Wednesday, August 7th. Mizuho reduced their target price on Airbnb from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, September 13th. The Goldman Sachs Group reduced their target price on Airbnb from $130.00 to $111.00 and set a "sell" rating on the stock in a research note on Thursday, August 8th. Finally, Robert W. Baird boosted their target price on Airbnb from $120.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday. Six research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $139.31.

Airbnb Stock Performance

Airbnb stock traded down $4.20 during mid-day trading on Tuesday, reaching $133.20. 6,897,172 shares of the stock traded hands, compared to its average volume of 4,511,070. The stock has a market capitalization of $85.46 billion, a PE ratio of 46.91, a price-to-earnings-growth ratio of 1.90 and a beta of 1.15. 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 12-month low of $110.38 and a 12-month high of $170.10. The business's 50-day moving average is $129.54 and its 200-day moving average is $137.20.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 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 analysts' expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 33.36%. During the same quarter last year, the company posted $2.39 EPS. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the sale, the chief technology officer now owns 198,244 shares in the company, valued at $23,579,141.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Joseph Gebbia sold 11,635 shares of the company's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the transaction, the director now owns 16,472 shares of the company's stock, valued at $2,259,958.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the transaction, the chief technology officer now directly owns 198,244 shares of the company's stock, valued at approximately $23,579,141.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 417,806 shares of company stock worth $51,809,831 over the last quarter. 27.83% of the stock is currently owned by corporate 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.