Stifel Financial Corp Purchases 396,185 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Stifel Financial Corp raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 367.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 504,099 shares of the company's stock after buying an additional 396,185 shares during the quarter. Stifel Financial Corp owned about 0.08% of Airbnb worth $63,925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Millennium Group LLC acquired a new stake in Airbnb during the second quarter valued at approximately $28,000. Cultivar Capital Inc. acquired a new stake in shares of Airbnb during the 2nd quarter worth approximately $30,000. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth approximately $25,000. Hollencrest Capital Management raised its position in shares of 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 purchasing an additional 200 shares during the period. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of Airbnb during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Price Performance

Shares of ABNB traded up $0.60 during trading hours on Friday, hitting $136.92. 4,294,949 shares of the company were exchanged, compared to its average volume of 5,668,135. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a market capitalization of $86.80 billion, a PE ratio of 48.04, a PEG ratio of 1.94 and a beta of 1.13. The firm has a fifty day simple moving average of $134.92 and a 200-day simple moving average of $135.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

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 analysts' consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the business earned $2.39 earnings per share. As a group, sell-side analysts predict that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ABNB shares. Susquehanna increased their price target on Airbnb from $130.00 to $160.00 and gave the stock a "positive" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. increased their price target on Airbnb from $121.00 to $142.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Sanford C. Bernstein dropped their price target on Airbnb from $174.00 to $155.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 17th. Raymond James started coverage on Airbnb in a research report on Friday, September 27th. They set a "market perform" rating and a $134.00 price target on the stock. Finally, Benchmark restated a "buy" rating and issued a $155.00 target price on shares of Airbnb in a research report on Friday, November 8th. Six equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $138.94.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the sale, the insider now directly owns 164,850 shares of the company's stock, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elinor Mertz sold 10,500 shares of Airbnb stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $136.97, for a total value of $1,438,185.00. Following the sale, the chief financial officer now directly owns 503,738 shares in the company, valued at $68,996,993.86. The trade was a 2.04 % 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 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.