Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 11.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,919 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Public Sector Pension Investment Board’s holdings in Airbnb were worth $2,399,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the third quarter worth $25,000. Hollencrest Capital Management boosted its holdings in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. New Millennium Group LLC acquired a new position in Airbnb in the second quarter valued at $28,000. Cultivar Capital Inc. acquired a new position in Airbnb in the second quarter valued at $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in Airbnb in the third quarter valued at $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Up 1.2 %

Shares of Airbnb stock opened at $139.07 on Thursday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $134.44 and a 200 day moving average price of $135.12. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market cap of $88.17 billion, a P/E ratio of 48.80, a P/E/G ratio of 1.95 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last issued 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). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm earned $2.39 earnings per share. On average, sell-side analysts forecast that Airbnb, Inc. will post 4.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Argus cut Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Jefferies Financial Group lifted their target price on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Piper Sandler lifted their target price on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Barclays lifted their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and an average price target of $138.94.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb 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 transaction, the chief technology officer now directly owns 195,844 shares in the company, valued at $23,501,280. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the transaction, the chief executive officer now owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. The trade was a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 718,517 shares of company stock worth $91,910,057 over the last ninety days. Company insiders own 27.83% of the company’s stock.

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.