Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 30.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,287 shares of the company's stock after selling 49,485 shares during the period. Natixis Advisors LLC's holdings in Airbnb were worth $14,620,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in Airbnb by 158.1% during the 1st 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 in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Airbnb by 19,052.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company's stock worth $256,784,000 after buying an additional 1,684,646 shares in the last quarter. Farallon Capital Management LLC bought a new stake in shares of Airbnb in the 1st quarter worth $265,292,000. International Assets Investment Management LLC grew its holdings in shares of Airbnb by 19,430.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company's stock worth $1,419,610,000 after acquiring an additional 1,113,747 shares during the last quarter. Finally, Swedbank AB purchased a new position in shares of Airbnb during the first quarter valued at $175,496,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Price Performance

ABNB stock traded up $2.68 during midday trading on Wednesday, reaching $134.12. The stock had a trading volume of 3,740,240 shares, compared to its average volume of 4,514,933. The company's fifty day simple moving average is $131.63 and its 200 day simple moving average is $136.06. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market cap of $85.03 billion, a price-to-earnings ratio of 46.12, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its 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). The firm had revenue of $3.73 billion during 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 prior year, the firm earned $2.39 earnings per share. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 230,769 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 $27,692,280.00. Following the sale, the chief executive officer now directly owns 13,315,912 shares of the company's stock, valued at approximately $1,597,909,440. This trade represents a 1.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 11,635 shares of the firm's stock in a transaction dated 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 completion of the sale, the director now directly owns 16,472 shares in the company, valued at approximately $2,259,958.40. The trade was a 41.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 417,206 shares of company stock worth $51,738,467. Company insiders own 27.83% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Raymond James started coverage on Airbnb in a research report on Friday, September 27th. They issued a "market perform" rating and a $134.00 price target on the stock. Cantor Fitzgerald reiterated an "underweight" rating and issued a $94.00 target price on shares of Airbnb in a research note on Monday, October 7th. Robert W. Baird boosted their price objective on shares of Airbnb from $120.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. DA Davidson boosted their price objective on shares of Airbnb from $125.00 to $131.00 and gave the stock a "neutral" rating in a research report on Monday. Finally, Citigroup lifted their target price on shares of Airbnb from $135.00 to $158.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Six 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $138.97.

Airbnb Company 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.