MML Investors Services LLC Purchases 13,635 Shares of Airbnb, Inc. (NASDAQ:ABNB)

MML Investors Services LLC raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 26.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,100 shares of the company's stock after acquiring an additional 13,635 shares during the period. MML Investors Services LLC's holdings in Airbnb were worth $8,382,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb in the third quarter worth about $25,000. Hollencrest Capital Management lifted its stake in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after acquiring an additional 200 shares in the last quarter. New Millennium Group LLC acquired a new position in shares of Airbnb in the second quarter worth about $28,000. Cultivar Capital Inc. acquired a new position in shares of Airbnb in the second quarter worth about $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Airbnb in the third quarter worth about $30,000. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Stock Down 1.0 %

Shares of ABNB stock traded down $1.37 on Thursday, reaching $137.47. 4,248,695 shares of the company's stock traded hands, compared to its average volume of 4,516,354. 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. The company has a market capitalization of $87.15 billion, a P/E ratio of 48.72, a price-to-earnings-growth ratio of 1.91 and a beta of 1.13. The business's 50 day moving average price is $135.64 and its two-hundred day moving average price is $134.93.

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 analysts' consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the previous year, the business posted $2.39 EPS. On average, equities analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $72,000.00. Following the completion of the transaction, the chief technology officer now owns 195,844 shares of the company's stock, valued at approximately $23,501,280. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 230,769 shares of the business'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 $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 $1,597,909,440. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 787,926 shares of company stock valued at $101,440,343 over the last quarter. Insiders own 27.83% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ABNB. Jefferies Financial Group boosted their price target on Airbnb from $120.00 to $135.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Bank of America reiterated a "hold" rating and issued a $142.00 price target (up previously from $132.00) on shares of Airbnb in a research note on Friday, October 11th. Truist Financial cut their price target on Airbnb from $124.00 to $123.00 and set a "hold" rating on the stock in a research note on Wednesday, December 4th. Raymond James began coverage on Airbnb in a research note on Friday, September 27th. They issued a "market perform" rating and a $134.00 price target on the stock. Finally, Piper Sandler upped their price objective on Airbnb from $125.00 to $145.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Six analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $138.94.

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.