ING Groep NV Has $11.36 Million Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

ING Groep NV trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,564 shares of the company's stock after selling 9,882 shares during the period. ING Groep NV's holdings in Airbnb were worth $11,358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Shellback Capital LP acquired a new stake in Airbnb in the 2nd quarter valued at $22,744,000. J.W. Cole Advisors Inc. grew its stake in shares of Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company's stock valued at $583,000 after buying an additional 2,132 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in Airbnb by 1,231.3% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company's stock worth $3,145,000 after buying an additional 19,183 shares during the last quarter. Vanguard Group Inc. raised its position in Airbnb by 2.4% during the first quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company's stock worth $5,662,164,000 after acquiring an additional 791,149 shares in the last quarter. Finally, Plato Investment Management Ltd grew its position in shares of Airbnb by 2.7% in the 2nd quarter. Plato Investment Management Ltd now owns 13,493 shares of the company's stock valued at $2,046,000 after acquiring an additional 358 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Trading Down 1.5 %

Shares of NASDAQ:ABNB traded down $2.06 during trading on Friday, reaching $132.50. The stock had a trading volume of 4,797,039 shares, compared to its average volume of 4,515,468. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. 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 firm's fifty day moving average is $130.62 and its 200 day moving average is $136.94. The stock has a market cap of $85.01 billion, a price-to-earnings ratio of 47.21, a P/E/G ratio of 1.87 and a beta of 1.15.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the company posted $2.39 EPS. As a group, equities analysts forecast that Airbnb, Inc. will post 4.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 600 shares of the business'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 directly owns 198,244 shares of the company's stock, valued at $23,579,141.36. The trade was a 0.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 11,635 shares of the company's stock in a transaction that occurred on 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 transaction, the director now directly owns 16,472 shares in the company, valued at approximately $2,259,958.40. This trade represents a 41.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 417,806 shares of company stock valued at $51,809,831 over the last 90 days. Company insiders own 27.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Sanford C. Bernstein cut their price objective on Airbnb from $174.00 to $155.00 and set an "outperform" rating for the company in a research report on Tuesday, September 17th. Citigroup raised their target price on shares of Airbnb from $135.00 to $158.00 and gave the stock a "buy" rating in a research note on Monday. B. Riley decreased their price target on shares of Airbnb from $150.00 to $140.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. BMO Capital Markets cut their price objective on shares of Airbnb from $151.00 to $130.00 and set a "market perform" rating for the company in a research report on Wednesday, August 7th. Finally, Wedbush upped their price objective on Airbnb from $135.00 to $155.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $139.31.

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.