Bensler LLC Buys New Shares in Airbnb, Inc. (NASDAQ:ABNB)

Bensler LLC purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 25,474 shares of the company’s stock, valued at approximately $3,230,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new stake in shares of Airbnb in the first quarter valued at about $25,000. Northwest Investment Counselors LLC bought a new position in Airbnb in the third quarter valued at approximately $25,000. New Millennium Group LLC acquired a new position in shares of Airbnb during the 2nd quarter worth approximately $28,000. Cultivar Capital Inc. bought a new stake in shares of Airbnb during the 2nd quarter worth approximately $30,000. Finally, Heritage Wealth Advisors boosted its holdings in shares of Airbnb by 55.0% in the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after buying an additional 71 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Susquehanna lowered their price objective on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating on the stock in a research note on Wednesday, August 7th. Cantor Fitzgerald reiterated an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a research note on Monday, October 7th. Royal Bank of Canada reduced their price target on Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Five investment 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, Airbnb has a consensus rating of “Hold” and an average price target of $135.35.

Airbnb Trading Up 4.6 %

Shares of ABNB stock opened at $147.37 on Friday. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The stock’s fifty day moving average price is $128.79 and its two-hundred day moving average price is $137.88. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $94.56 billion, a PE ratio of 20.05, a P/E/G ratio of 1.93 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business earned $0.98 earnings per share. Equities analysts predict that Airbnb, Inc. will post 4.17 EPS for the current fiscal year.

Insider Activity

In related news, Director Joseph Gebbia sold 42,719 shares of the business’s stock in a transaction on 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 sale, the director now owns 16,472 shares in the company, valued at $2,083,378.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Airbnb news, Director Joseph Gebbia sold 42,719 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the completion of the transaction, the director now directly owns 16,472 shares in the company, valued at approximately $2,083,378.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 230,769 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the completion of the sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 417,806 shares of company stock worth $51,809,831. Corporate insiders own 27.83% of the company’s stock.

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.