Quantinno Capital Management LP Sells 6,559 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Quantinno Capital Management LP cut its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 15.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,240 shares of the company's stock after selling 6,559 shares during the quarter. Quantinno Capital Management LP's holdings in Airbnb were worth $4,596,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Northwest Investment Counselors LLC bought a new position in Airbnb during the third quarter worth about $25,000. Hollencrest Capital Management raised its holdings in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after buying an additional 200 shares during the period. New Millennium Group LLC bought a new position in Airbnb in the second quarter valued at approximately $28,000. Cultivar Capital Inc. acquired a new position in shares of Airbnb in the second quarter valued at approximately $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb during the third quarter worth $30,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Trading Up 0.4 %

Shares of ABNB traded up $0.60 during mid-day trading on Friday, reaching $136.92. The company's stock had a trading volume of 4,294,949 shares, compared to its average volume of 5,668,135. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company's fifty day moving average price is $134.92 and its two-hundred day moving average price is $135.03. The stock has a market cap of $86.80 billion, a PE ratio of 48.04, a P/E/G ratio of 1.94 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced 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 company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period last year, the business posted $2.39 earnings per share. On average, analysts predict that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the topic of several recent research reports. UBS Group lifted their price target on Airbnb from $134.00 to $144.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Wells Fargo & Company lifted their price objective on shares of Airbnb from $100.00 to $102.00 and gave the company an "underweight" rating in a report on Tuesday, October 8th. Robert W. Baird raised their target price on shares of Airbnb from $120.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Barclays increased their price objective on shares of Airbnb from $100.00 to $110.00 and gave the stock an "underweight" rating in a research note on Friday, November 8th. Finally, Argus lowered Airbnb from a "buy" rating to a "hold" rating in a report on Wednesday, September 4th. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Airbnb has an average rating of "Hold" and an average target price of $138.94.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the business's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 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 transaction of $72,000.00. Following the completion of the sale, the chief technology officer now directly owns 195,844 shares of the company's stock, valued at approximately $23,501,280. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 748,465 shares of company stock valued at $96,015,340 over the last three months. 27.83% of the stock is owned by company insiders.

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.