CreativeOne Wealth LLC Buys New Holdings in Airbnb, Inc. (NASDAQ:ABNB)

CreativeOne Wealth LLC bought a new position in Airbnb, Inc. (NASDAQ:ABNB) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,573 shares of the company’s stock, valued at approximately $326,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after buying an additional 4,172,985 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Airbnb by 19,052.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock valued at $256,784,000 after purchasing an additional 1,684,646 shares in the last quarter. Edgewood Management LLC grew its holdings in shares of Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after purchasing an additional 1,143,464 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Airbnb by 19,430.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after purchasing an additional 1,113,747 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in Airbnb during the 2nd quarter valued at about $60,240,000. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the subject of several recent analyst reports. Argus lowered shares of Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. BMO Capital Markets cut their price objective on Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. Citigroup lifted their price target on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, TD Cowen upped their price target on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $138.97.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 600 shares of the business’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 sale, the chief technology officer now owns 195,844 shares of the company’s stock, valued at $23,501,280. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the sale, the chief executive officer now owns 12,616,300 shares in the company, valued at $1,765,525,022. The trade was a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 718,017 shares of company stock worth $91,842,052 over the last three months. Corporate insiders own 27.83% of the company’s stock.

Airbnb Price Performance

NASDAQ ABNB opened at $137.49 on Tuesday. 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 stock has a market cap of $87.16 billion, a price-to-earnings ratio of 48.24, a PEG ratio of 1.93 and a beta of 1.15. The business has a 50 day simple moving average of $134.15 and a 200 day simple moving average of $135.25. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last issued 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 quarter in the previous year, the business earned $2.39 earnings per share. Analysts anticipate that Airbnb, Inc. will post 4.02 earnings per share for the current fiscal year.

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.