First Long Island Investors LLC Buys 1,069 Shares of Airbnb, Inc. (NASDAQ:ABNB)

First Long Island Investors LLC increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.2% in the third quarter, HoldingsChannel reports. The firm owned 87,283 shares of the company’s stock after buying an additional 1,069 shares during the period. First Long Island Investors LLC’s holdings in Airbnb were worth $11,068,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Farrow Financial Inc. grew its holdings in Airbnb by 1.0% in the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after purchasing an additional 69 shares during the last quarter. GYL Financial Synergies LLC grew its stake in Airbnb by 5.0% during the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock worth $241,000 after buying an additional 76 shares during the last quarter. HB Wealth Management LLC increased its position in Airbnb by 1.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock valued at $749,000 after buying an additional 76 shares in the last quarter. Optas LLC raised its stake in Airbnb by 4.5% in the second quarter. Optas LLC now owns 1,829 shares of the company’s stock valued at $277,000 after buying an additional 78 shares during the last quarter. Finally, Sage Mountain Advisors LLC boosted its holdings in Airbnb by 1.1% in the second quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock worth $1,113,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of ABNB traded down $1.85 during trading hours on Friday, hitting $132.71. 631,891 shares of the stock were exchanged, compared to its average volume of 4,496,708. The stock’s 50-day moving average price is $130.62 and its two-hundred day moving average price is $136.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market cap of $85.15 billion, a price-to-earnings ratio of 47.21, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its 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 for the quarter, compared to analysts’ expectations 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 previous year, the company earned $2.39 EPS. Research analysts expect that Airbnb, Inc. will post 4.04 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the sale, the director now owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. This trade represents a 41.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the transaction, the chief technology officer now directly owns 198,244 shares in the company, valued at $23,579,141.36. This trade represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 417,806 shares of company stock valued at $51,809,831 in the last ninety days. 27.83% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ABNB. Piper Sandler upped their price objective on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Mizuho cut their price target 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. Susquehanna lifted their price objective on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday. The Goldman Sachs Group cut their target price on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their price target on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $139.31.

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.