GFG Capital LLC Has $10.29 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

GFG Capital LLC increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 19.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 73,153 shares of the company’s stock after acquiring an additional 12,040 shares during the quarter. Airbnb makes up approximately 2.7% of GFG Capital LLC’s portfolio, making the stock its 11th largest position. GFG Capital LLC’s holdings in Airbnb were worth $10,293,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Airbnb by 2.4% during the first quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after acquiring an additional 791,149 shares during the period. Jennison Associates LLC increased its holdings in Airbnb by 57.9% during the 1st quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock valued at $1,753,860,000 after purchasing an additional 3,899,179 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Airbnb by 158.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after purchasing an additional 3,558,178 shares in the last quarter. Legal & General Group Plc raised its position in Airbnb by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after purchasing an additional 153,784 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd boosted its stake in Airbnb by 1.6% in the first quarter. Alphinity Investment Management Pty Ltd now owns 2,536,014 shares of the company’s stock worth $418,341,000 after purchasing an additional 39,129 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ABNB. Barclays lowered their target price on Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. BMO Capital Markets reduced their target price on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Raymond James started coverage on shares of Airbnb in a report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target for the company. The Goldman Sachs Group dropped their price objective on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. Finally, B. Riley decreased their price objective on Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and an average price target of $134.55.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the transaction, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Elinor Mertz sold 6,250 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 transaction of $750,000.00. Following the transaction, the chief financial officer now directly owns 537,072 shares of the company’s stock, valued at approximately $64,448,640. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the sale, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 405,571 shares of company stock valued at $50,126,587 in the last three months. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Stock Up 0.5 %

Shares of Airbnb stock opened at $137.19 on Tuesday. The firm has a market cap of $88.36 billion, a PE ratio of 18.37, a P/E/G ratio of 1.83 and a beta of 1.17. The business’s 50 day simple moving average is $123.64 and its 200 day simple moving average is $139.65. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data 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). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the business earned $0.98 earnings per share. Airbnb’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts predict that Airbnb, Inc. will post 4.33 earnings per share for the current fiscal year.

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.