Mizuho Markets Americas LLC Sells 47,000 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Mizuho Markets Americas LLC lowered its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 58.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,915 shares of the company's stock after selling 47,000 shares during the period. Mizuho Markets Americas LLC's holdings in Airbnb were worth $4,174,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Shellback Capital LP acquired a new stake in Airbnb during the 2nd quarter valued at $22,744,000. J.W. Cole Advisors Inc. raised its stake in Airbnb by 86.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company's stock valued at $583,000 after purchasing an additional 2,132 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in Airbnb by 1,231.3% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company's stock valued at $3,145,000 after purchasing an additional 19,183 shares in the last quarter. Plato Investment Management Ltd boosted its stake in shares of Airbnb by 2.7% during the 2nd quarter. Plato Investment Management Ltd now owns 13,493 shares of the company's stock worth $2,046,000 after purchasing an additional 358 shares during the last quarter. Finally, Diversify Wealth Management LLC acquired a new stake in shares of Airbnb during the 2nd quarter worth about $4,641,000. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Stock Performance

Shares of Airbnb stock traded down $2.06 during trading on Friday, hitting $132.50. 4,798,719 shares of the stock were exchanged, compared to its average volume of 5,057,547. The stock has a market cap of $84.00 billion, a PE ratio of 46.49, a P/E/G ratio of 1.87 and a beta of 1.15. The stock's fifty day moving average is $130.99 and its 200 day moving average is $136.58. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month 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.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued 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 return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the firm posted $2.39 earnings per share. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ABNB shares. Morgan Stanley lifted their price objective on Airbnb from $120.00 to $130.00 and gave the company an "underweight" rating in a research report on Tuesday, July 23rd. Benchmark reaffirmed a "buy" rating and set a $155.00 price target on shares of Airbnb in a research note on Friday, November 8th. Royal Bank of Canada lowered their price objective on shares of Airbnb from $150.00 to $120.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 7th. BMO Capital Markets cut their target price on Airbnb from $151.00 to $130.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 7th. Finally, Susquehanna upped their price target on Airbnb from $130.00 to $160.00 and gave the stock a "positive" rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Airbnb currently has a consensus rating of "Hold" and a consensus price target of $139.31.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total value of $81,198.00. Following the completion of the transaction, the chief technology officer now directly owns 192,244 shares in the company, valued at $26,016,380.52. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian Chesky sold 230,769 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00. Following the transaction, the chief executive officer now directly owns 13,315,912 shares of the company's stock, valued at approximately $1,597,909,440. The trade was a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 417,806 shares of company stock valued at $51,809,831. 27.83% of the stock is currently owned by corporate insiders.

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.