Ieq Capital LLC Has $13.61 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Ieq Capital LLC boosted its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,752 shares of the company's stock after acquiring an additional 3,989 shares during the period. Ieq Capital LLC's holdings in Airbnb were worth $13,609,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ABNB. Vanguard Group Inc. grew its position in shares of Airbnb by 2.4% in the 1st 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. Edgewood Management LLC boosted its holdings in Airbnb by 20.8% in the fourth quarter. Edgewood Management LLC now owns 12,417,777 shares of the company's stock worth $1,690,556,000 after purchasing an additional 2,135,529 shares during the period. Jennison Associates LLC boosted its holdings in Airbnb by 57.9% in the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the company's stock worth $1,753,860,000 after purchasing an additional 3,899,179 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Airbnb by 158.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company's stock valued at $958,279,000 after purchasing an additional 3,558,178 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd raised its holdings in shares of Airbnb by 1.6% during the first quarter. Alphinity Investment Management Pty Ltd now owns 2,536,014 shares of the company's stock worth $418,341,000 after purchasing an additional 39,129 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of research reports. TD Cowen dropped their price target on Airbnb from $170.00 to $125.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a research report on Wednesday, August 7th. Barclays reduced their price target on shares of Airbnb from $110.00 to $100.00 and set an "underweight" rating for the company in a report on Wednesday, August 7th. Argus cut shares of Airbnb from a "buy" rating to a "hold" rating in a report on Wednesday, September 4th. Finally, BMO Capital Markets reduced their target price on shares of Airbnb from $151.00 to $130.00 and set a "market perform" rating for the company in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $134.17.

Airbnb Trading Up 1.9 %

Airbnb stock traded up $2.43 during midday trading on Friday, reaching $131.18. The stock had a trading volume of 12,022,236 shares, compared to its average volume of 4,587,197. The firm's fifty day simple moving average is $126.26 and its two-hundred day simple moving average is $145.03. 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 twelve month low of $110.38 and a twelve month high of $170.10. The firm has a market cap of $84.49 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.54 and a beta of 1.16.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.74 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The business's quarterly revenue was up 10.6% compared to the same quarter last year. Equities analysts anticipate that Airbnb, Inc. will post 4.39 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 5,442 shares of the company's stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $150.00, for a total value of $816,300.00. Following the transaction, the director now owns 42,087 shares in the company, valued at approximately $6,313,050. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Airbnb news, Director Joseph Gebbia sold 5,442 shares of Airbnb stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $150.00, for a total value of $816,300.00. Following the completion of the sale, the director now directly owns 42,087 shares in the company, valued at $6,313,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $750,000.00. Following the completion of the sale, the chief financial officer now directly owns 537,072 shares of the company's stock, valued at approximately $64,448,640. The disclosure for this sale can be found here. Insiders sold 685,451 shares of company stock valued at $95,552,289 over the last three months. 27.83% of the stock is 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.