Motley Fool Asset Management LLC Boosts Position in Airbnb, Inc. (NASDAQ:ABNB)

Motley Fool Asset Management LLC lifted its position in Airbnb, Inc. (NASDAQ:ABNB) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,449 shares of the company’s stock after buying an additional 782 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Airbnb were worth $3,193,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after purchasing an additional 4,172,985 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Airbnb by 19,052.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock worth $256,784,000 after acquiring an additional 1,684,646 shares during the last quarter. Edgewood Management LLC increased its holdings in shares of Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after buying an additional 1,143,464 shares during the last quarter. International Assets Investment Management LLC grew its position in Airbnb by 19,430.3% in the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after acquiring an additional 1,113,747 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Airbnb during the 2nd quarter valued at $60,240,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $137.46 on Wednesday. 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 $87.15 billion, a price-to-earnings ratio of 48.23, a price-to-earnings-growth ratio of 1.95 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $134.32 and a 200 day moving average of $135.18.

Airbnb (NASDAQ:ABNB) last announced 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 company 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 prior year, the business posted $2.39 earnings per share. On average, research analysts anticipate that Airbnb, Inc. will post 4.02 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, 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 sale, the chief technology officer now directly owns 195,844 shares of the company’s stock, valued at $23,501,280. This trade 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 is available through the SEC website. Also, CEO Brian Chesky sold 230,769 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of 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. This trade represents 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 valued at $91,842,052 over the last 90 days. 27.83% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on ABNB. Jefferies Financial Group upped their price target on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Raymond James initiated coverage on Airbnb in a report on Friday, September 27th. They set a “market perform” rating and a $134.00 target price for the company. Citigroup boosted their price objective on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. The Goldman Sachs Group cut their target price on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Finally, Cantor Fitzgerald reaffirmed an “underweight” rating and set a $94.00 price objective on shares of Airbnb in a research report on Monday, October 7th. 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 stock. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus price target of $138.97.

About Airbnb

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.