MQS Management LLC Increases Holdings in Airbnb, Inc. (NASDAQ:ABNB)

MQS Management LLC boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 26.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,002 shares of the company’s stock after buying an additional 626 shares during the period. MQS Management LLC’s holdings in Airbnb were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. increased its stake in shares of Airbnb by 19.9% in the first quarter. Avantax Advisory Services Inc. now owns 4,416 shares of the company’s stock worth $728,000 after acquiring an additional 732 shares during the period. Bleakley Financial Group LLC grew its position in Airbnb by 12.0% during the 1st quarter. Bleakley Financial Group LLC now owns 8,250 shares of the company’s stock worth $1,361,000 after purchasing an additional 886 shares during the period. Koshinski Asset Management Inc. acquired a new stake in Airbnb during the 1st quarter worth about $235,000. SageView Advisory Group LLC raised its stake in shares of Airbnb by 6.2% during the 1st quarter. SageView Advisory Group LLC now owns 2,995 shares of the company’s stock valued at $494,000 after buying an additional 175 shares during the last quarter. Finally, TBH Global Asset Management LLC acquired a new position in shares of Airbnb in the 1st quarter valued at about $275,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Down 0.3 %

ABNB opened at $132.76 on Thursday. The business has a fifty day moving average price of $129.90 and a 200 day moving average price of $136.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The stock has a market capitalization of $85.18 billion, a price-to-earnings ratio of 46.58, a PEG ratio of 1.88 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates 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 prior year, the firm posted $2.39 earnings per share. Sell-side analysts expect that Airbnb, Inc. will post 4.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’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 sale, the chief technology officer now directly owns 198,244 shares in the company, valued at $23,579,141.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at $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 available through this hyperlink. Also, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the sale, the director now directly owns 16,472 shares in the company, valued at approximately $2,259,958.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 417,806 shares of company stock worth $51,809,831. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and set a $155.00 price target on shares of Airbnb in a research report on Friday, November 8th. Sanford C. Bernstein lowered their price target on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday, September 17th. Barclays upped their price objective on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Susquehanna raised their target price on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Monday. Finally, Citigroup upped their price target on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday. Six research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.