13,950 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Infusive Asset Management Inc.

Infusive Asset Management Inc. acquired a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 13,950 shares of the company's stock, valued at approximately $1,769,000.

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

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 9,603 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. This represents a 5.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the firm's 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 transaction, the chief technology officer now owns 195,844 shares of the company's stock, valued at $23,501,280. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 718,017 shares of company stock worth $91,842,052 in the last ninety days. 27.83% of the stock is owned by company insiders.

Airbnb Stock Down 1.6 %

Shares of NASDAQ:ABNB traded down $2.17 during trading on Friday, hitting $136.11. 2,664,009 shares of the company were exchanged, compared to its average volume of 5,991,576. The stock has a market cap of $86.29 billion, a price-to-earnings ratio of 48.52, a P/E/G ratio of 1.96 and a beta of 1.15. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a fifty day moving average price of $133.86 and a two-hundred day moving average price of $135.47. 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 results 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 company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the firm earned $2.39 EPS. As a group, research analysts anticipate that Airbnb, Inc. will post 4.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ABNB. Mizuho cut their price target on shares of Airbnb from $175.00 to $170.00 and set an "outperform" rating for the company in a report on Friday, September 13th. Royal Bank of Canada cut their price objective on Airbnb from $150.00 to $120.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on Airbnb from $121.00 to $142.00 and gave the company a "neutral" rating in a report on Friday, November 8th. BMO Capital Markets lowered their price target on Airbnb from $151.00 to $130.00 and set a "market perform" rating for the company in a research note on Wednesday, August 7th. Finally, Piper Sandler upped their target price on Airbnb from $125.00 to $145.00 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 given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $138.97.

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.