Plato Investment Management Ltd Sells 4,388 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Plato Investment Management Ltd lessened its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 32.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 9,105 shares of the company's stock after selling 4,388 shares during the period. Plato Investment Management Ltd's holdings in Airbnb were worth $1,153,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Airbnb by 2.4% in the first quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company's stock valued at $5,662,164,000 after buying an additional 791,149 shares in the last quarter. Price T Rowe Associates Inc. MD boosted 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 during the last quarter. Legal & General Group Plc increased its holdings in Airbnb by 4.7% during the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company's stock worth $519,044,000 after purchasing an additional 153,784 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Airbnb by 0.6% in the first quarter. Clearbridge Investments LLC now owns 2,001,711 shares of the company's stock worth $330,202,000 after purchasing an additional 12,200 shares during the last quarter. Finally, Farallon Capital Management LLC lifted its holdings in shares of Airbnb by 5.8% in the second quarter. Farallon Capital Management LLC now owns 1,701,000 shares of the company's stock valued at $257,923,000 after purchasing an additional 92,780 shares in the last quarter. Institutional investors own 80.76% of the company's stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the sale, the director now owns 16,472 shares of the company's stock, valued at $2,259,958.40. This represents a 41.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the transaction, the chief technology officer now owns 198,244 shares in the company, valued at $23,579,141.36. The trade was a 0.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 417,806 shares of company stock worth $51,809,831 over the last ninety days. Insiders own 27.83% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on ABNB. Wedbush increased their price target on Airbnb from $135.00 to $155.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. B. Riley reduced their price objective on shares of Airbnb from $150.00 to $140.00 and set a "neutral" rating for the company in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft cut their target price on Airbnb from $143.00 to $90.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Needham & Company LLC reiterated a "hold" rating on shares of Airbnb in a report on Wednesday, August 7th. Finally, Royal Bank of Canada decreased their target price on Airbnb from $150.00 to $120.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 7th. Six equities research analysts have rated the stock with a sell rating, nineteen 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 an average target price of $139.31.

Airbnb Price Performance

Airbnb stock traded down $2.06 during mid-day trading on Friday, hitting $132.50. 4,797,039 shares of the company traded hands, compared to its average volume of 4,515,468. 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, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market cap of $85.01 billion, a price-to-earnings ratio of 47.21, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The stock has a fifty day moving average price of $130.62 and a 200-day moving average price of $136.94.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results 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 company had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter last year, the firm posted $2.39 earnings per share. On average, equities analysts predict that Airbnb, Inc. will post 4.04 earnings per share for the current fiscal year.

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.