UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,360,004 shares of the company's stock after purchasing an additional 80,610 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.37% of Airbnb worth $299,272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. New Millennium Group LLC acquired a new stake in shares of Airbnb in the second quarter worth $28,000. Pathway Financial Advisers LLC acquired a new stake in Airbnb during the first quarter worth $33,000. Cultivar Capital Inc. acquired a new stake in Airbnb during the second quarter worth $30,000. Northwest Investment Counselors LLC acquired a new stake in Airbnb during the third quarter worth $25,000. Finally, Hollencrest Capital Management boosted its stake in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $72,000.00. Following the completion of the sale, the chief technology officer now owns 195,844 shares in the company, valued at approximately $23,501,280. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 230,769 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of the sale, the chief executive officer now owns 13,315,912 shares of the company's stock, valued at $1,597,909,440. The trade was a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 718,017 shares of company stock worth $91,842,052 over the last ninety days. Corporate insiders own 27.83% of the company's stock.

Airbnb Price Performance

Shares of Airbnb stock traded down $2.17 during trading on Friday, hitting $136.11. 2,664,219 shares of the stock traded hands, compared to its average volume of 4,521,642. The stock has a market cap of $86.29 billion, a price-to-earnings ratio of 47.76, a PEG ratio of 1.96 and a beta of 1.15. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The firm's fifty day moving average is $134.15 and its 200-day moving average is $135.40. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the previous year, the business posted $2.39 EPS. Research analysts expect that Airbnb, Inc. will post 4.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ABNB shares. Jefferies Financial Group lifted their price target on shares of Airbnb from $120.00 to $135.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. B. Riley decreased their price target on shares of Airbnb from $150.00 to $140.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. Citigroup lifted their price target on shares of Airbnb from $135.00 to $158.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. TD Cowen lifted their price objective on Airbnb from $150.00 to $155.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, DA Davidson lifted their price objective on Airbnb from $125.00 to $131.00 and gave the company a "neutral" rating in a report on Monday, November 18th. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price 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.