MKA Charitable Fund Acquires 296,153 Shares of Airbnb, Inc. (NASDAQ:ABNB)

MKA Charitable Fund increased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 17.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,015,865 shares of the company’s stock after purchasing an additional 296,153 shares during the quarter. Airbnb makes up 100.0% of MKA Charitable Fund’s investment portfolio, making the stock its biggest holding. MKA Charitable Fund’s holdings in Airbnb were worth $255,632,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in Airbnb during the 1st quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the third quarter worth $25,000. Hollencrest Capital Management raised its stake in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. New Millennium Group LLC acquired a new position in Airbnb in the second quarter valued at $28,000. Finally, Cultivar Capital Inc. bought a new stake in Airbnb during the second quarter valued at $30,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Down 0.2 %

ABNB stock opened at $132.19 on Tuesday. The stock has a fifty day moving average of $131.30 and a 200-day moving average of $136.26. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a market capitalization of $83.80 billion, a price-to-earnings ratio of 46.38, a PEG ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ABNB shares. The Goldman Sachs Group dropped their price objective on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Cantor Fitzgerald reiterated an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a report on Monday, October 7th. UBS Group increased their price target on Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Raymond James initiated coverage on shares of Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 price objective for the company. Finally, Wedbush boosted their target price on shares of Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Airbnb has an average rating of “Hold” and an average target price of $138.97.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $72,000.00. Following the completion of the transaction, the chief technology officer now directly owns 195,844 shares in the company, valued at approximately $23,501,280. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 42,719 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total value of $5,403,099.12. Following the completion of the sale, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. This represents a 72.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 417,206 shares of company stock worth $51,738,467. Corporate insiders own 27.83% of the company’s stock.

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.