International Assets Investment Management LLC Purchases 1,113,747 Shares of Airbnb, Inc. (NASDAQ:ABNB)

International Assets Investment Management LLC raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 19,430.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,119,479 shares of the company’s stock after purchasing an additional 1,113,747 shares during the period. International Assets Investment Management LLC’s holdings in Airbnb were worth $1,419,610,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ABNB. Sunbelt Securities Inc. grew its holdings in Airbnb by 26.3% during the first quarter. Sunbelt Securities Inc. now owns 1,139 shares of the company’s stock valued at $188,000 after purchasing an additional 237 shares during the period. Wealthcare Advisory Partners LLC lifted its position in shares of Airbnb by 3.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 3,796 shares of the company’s stock valued at $626,000 after acquiring an additional 139 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Airbnb by 163.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,809 shares of the company’s stock valued at $9,866,000 after acquiring an additional 37,127 shares in the last quarter. New England Research & Management Inc. lifted its position in shares of Airbnb by 108.9% in the first quarter. New England Research & Management Inc. now owns 6,425 shares of the company’s stock valued at $1,060,000 after acquiring an additional 3,350 shares in the last quarter. Finally, First Dallas Securities Inc. lifted its position in shares of Airbnb by 4.5% in the first quarter. First Dallas Securities Inc. now owns 7,005 shares of the company’s stock valued at $1,156,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $126.57, for a total transaction of $75,942.00. Following the completion of the sale, the chief technology officer now directly owns 205,774 shares of the company’s stock, valued at approximately $26,044,815.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $126.57, for a total transaction of $75,942.00. Following the completion of the sale, the chief technology officer now directly owns 205,774 shares of the company’s stock, valued at approximately $26,044,815.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Gebbia sold 42,719 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the completion of the sale, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 405,571 shares of company stock valued at $50,126,587. 27.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ABNB has been the topic of several research analyst reports. Barclays lowered their price objective on Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. BMO Capital Markets lowered their price objective on Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Truist Financial lowered their price objective on Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Finally, Jefferies Financial Group boosted their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $135.35.

Airbnb Trading Down 2.7 %

ABNB stock opened at $131.92 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The stock has a market capitalization of $84.96 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. The firm’s fifty day simple moving average is $124.01 and its two-hundred day simple moving average is $139.47.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 earnings per share. As a group, analysts anticipate that Airbnb, Inc. will post 4.33 earnings per share for the current year.

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.