Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,853 shares of the company’s stock after selling 125 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Airbnb were worth $615,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Airbnb by 72.2% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,401 shares of the company’s stock worth $3,228,000 after acquiring an additional 10,648 shares during the period. Entropy Technologies LP purchased a new stake in Airbnb in the 3rd quarter worth approximately $2,883,000. Apollon Wealth Management LLC grew its stake in shares of Airbnb by 3.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 8,705 shares of the company’s stock worth $1,104,000 after purchasing an additional 328 shares during the period. Versor Investments LP increased its holdings in shares of Airbnb by 17.9% during the 3rd quarter. Versor Investments LP now owns 10,036 shares of the company’s stock valued at $1,273,000 after purchasing an additional 1,521 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 11,635 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. The trade was a 41.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the sale, the chief technology officer now owns 198,244 shares in the company, valued at $23,579,141.36. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 417,806 shares of company stock worth $51,809,831 in the last three months. 27.83% of the stock is owned by company insiders.

Airbnb Price Performance

Airbnb stock opened at $132.50 on Friday. 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 capitalization of $85.01 billion, a price-to-earnings ratio of 46.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company’s 50 day simple moving average is $130.99 and its 200-day simple moving average is $136.73. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the company earned $2.39 earnings per share. As a group, equities research analysts expect that Airbnb, Inc. will post 4.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ABNB. Argus cut shares of Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Phillip Securities restated a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research note on Tuesday. Morgan Stanley upped their price target on Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Wells Fargo & Company raised their price objective on Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group reduced their target price on Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus price target of $139.31.

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.