Adero Partners LLC Has $3.51 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Adero Partners LLC lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.5% in the third quarter, Holdings Channel reports. The firm owned 27,702 shares of the company’s stock after selling 133 shares during the period. Adero Partners LLC’s holdings in Airbnb were worth $3,513,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. boosted its position 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 valued at $728,000 after acquiring an additional 732 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in shares of Airbnb by 30.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,959 shares of the company’s stock valued at $323,000 after acquiring an additional 454 shares during the period. Banco Santander S.A. boosted its position in shares of Airbnb by 19.8% in the first quarter. Banco Santander S.A. now owns 2,017 shares of the company’s stock valued at $333,000 after acquiring an additional 333 shares during the period. First Foundation Advisors bought a new stake in shares of Airbnb in the first quarter valued at approximately $151,000. Finally, Allstate Corp bought a new stake in shares of Airbnb in the first quarter valued at approximately $225,000. Institutional investors own 80.76% of the company’s stock.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 11,635 shares of Airbnb stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the sale, the director now owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. This trade represents a 41.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the sale, the chief technology officer now directly owns 198,244 shares in the company, valued at approximately $23,579,141.36. This represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 417,806 shares of company stock worth $51,809,831. Insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the subject of a number of recent research reports. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Wednesday, August 7th. Barclays upped their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Citigroup upped their target price on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Jefferies Financial Group upped their target price on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Benchmark reiterated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Six 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $139.31.

Airbnb Price Performance

Airbnb stock opened at $132.50 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The stock has a market cap of $85.01 billion, a price-to-earnings ratio of 46.49, a P/E/G ratio of 1.87 and a beta of 1.15. The business’s 50-day simple moving average is $130.99 and its 200 day simple moving average is $136.58.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (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 company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the business posted $2.39 EPS. As a group, research analysts anticipate that Airbnb, Inc. will post 4.04 earnings per share for the current year.

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.