XTX Topco Ltd Makes New $592,000 Investment in Airbnb, Inc. (NASDAQ:ABNB)

XTX Topco Ltd purchased a new position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,666 shares of the company's stock, valued at approximately $592,000.

Several other hedge funds have also bought and sold shares of the stock. Pacer Advisors Inc. boosted its holdings in Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company's stock valued at $537,872,000 after acquiring an additional 4,172,985 shares during the period. Edgewood Management LLC increased its position in Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company's stock valued at $1,722,388,000 after acquiring an additional 1,143,464 shares during the period. International Assets Investment Management LLC boosted its stake in Airbnb by 19,430.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company's stock valued at $1,419,610,000 after purchasing an additional 1,113,747 shares in the last quarter. Temasek Holdings Private Ltd raised its holdings in shares of Airbnb by 91.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company's stock worth $294,726,000 after acquiring an additional 1,109,076 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Airbnb in the second quarter valued at about $60,240,000. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Stock Down 4.7 %

Shares of ABNB stock traded down $6.52 during trading hours on Friday, reaching $130.95. 5,285,406 shares of the stock were exchanged, compared to its average volume of 4,519,447. The business's fifty day moving average is $135.89 and its two-hundred day moving average is $134.95. 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, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The firm has a market capitalization of $83.02 billion, a P/E ratio of 46.60, a P/E/G ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results 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 business 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 last year, the company earned $2.39 earnings per share. As a group, research analysts expect that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.49, for a total value of $5,288,002.89. Following the completion of the sale, the chief executive officer now directly owns 12,577,839 shares of the company's stock, valued at $1,729,327,084.11. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 787,926 shares of company stock valued at $101,440,343 over the last three months. 27.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ABNB shares. TD Cowen increased their price target on Airbnb from $150.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Mizuho decreased their target price on shares of Airbnb from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, September 13th. Cantor Fitzgerald restated an "underweight" rating and issued a $94.00 target price on shares of Airbnb in a report on Monday, October 7th. Bank of America reiterated a "hold" rating and set a $142.00 price objective (up previously from $132.00) on shares of Airbnb in a report on Friday, October 11th. Finally, Truist Financial dropped their target price on shares of Airbnb from $124.00 to $123.00 and set a "hold" rating on the stock in a research note on Wednesday, December 4th. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Airbnb presently has an average rating of "Hold" and an average price target of $138.94.

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.