Citizens Financial Group Inc. RI Sells 192 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Citizens Financial Group Inc. RI trimmed its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,580 shares of the company’s stock after selling 192 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Airbnb were worth $2,863,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ABNB. Price T Rowe Associates Inc. MD boosted its holdings in shares of Airbnb by 158.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock worth $958,279,000 after buying an additional 3,558,178 shares during the period. Legal & General Group Plc boosted its holdings in shares of Airbnb by 4.7% during the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after acquiring an additional 153,784 shares during the period. MKA Charitable Fund boosted its holdings in shares of Airbnb by 17.2% during the third quarter. MKA Charitable Fund now owns 2,015,865 shares of the company’s stock worth $255,632,000 after acquiring an additional 296,153 shares during the period. Farallon Capital Management LLC grew its position in shares of Airbnb by 5.8% in the second quarter. Farallon Capital Management LLC now owns 1,701,000 shares of the company’s stock valued at $257,923,000 after purchasing an additional 92,780 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Airbnb by 19,052.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock worth $256,784,000 after purchasing an additional 1,684,646 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on ABNB shares. Wedbush upped their price objective on Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Sanford C. Bernstein decreased their price target on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 17th. Truist Financial dropped their price objective on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Barclays boosted their price objective on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Finally, Benchmark reaffirmed a “buy” rating and set a $155.00 target price on shares of Airbnb in a report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $138.97.

Airbnb Stock Down 1.4 %

Shares of NASDAQ:ABNB opened at $133.35 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. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a market capitalization of $84.54 billion, a PE ratio of 46.79, a price-to-earnings-growth ratio of 1.86 and a beta of 1.15. The company has a fifty day moving average of $132.34 and a 200-day moving average of $136.03.

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

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the sale, the insider now owns 164,850 shares of the company’s stock, valued at $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian Chesky sold 230,769 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the transaction, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. This represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 641,094 shares of company stock worth $81,077,447 in the last quarter. 27.83% of the stock is owned by insiders.

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.