Synergy Financial Group LTD Grows Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Synergy Financial Group LTD increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,315 shares of the company’s stock after buying an additional 114 shares during the period. Synergy Financial Group LTD’s holdings in Airbnb were worth $674,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ABNB. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Airbnb during the 3rd quarter valued at approximately $34,982,000. J.W. Cole Advisors Inc. raised its holdings in shares of Airbnb by 86.5% during the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after purchasing an additional 2,132 shares during the period. Shellback Capital LP bought a new position in shares of Airbnb in the 2nd quarter worth about $22,744,000. Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Airbnb by 1,231.3% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock valued at $3,145,000 after buying an additional 19,183 shares during the period. Finally, Infusive Asset Management Inc. bought a new stake in shares of Airbnb during the 3rd quarter valued at about $1,769,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $137.27 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The business’s 50-day moving average price is $134.92 and its two-hundred day moving average price is $134.97. The company has a market capitalization of $87.03 billion, a P/E ratio of 48.16, a price-to-earnings-growth ratio of 1.91 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last announced its quarterly 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 period in the previous year, the firm posted $2.39 EPS. Analysts anticipate that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $72,000.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Elinor Mertz sold 10,500 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $136.97, for a total value of $1,438,185.00. Following the transaction, the chief financial officer now owns 503,738 shares in the company, valued at approximately $68,996,993.86. This trade represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 748,465 shares of company stock valued at $96,015,340 over the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ABNB shares. Bank of America restated a “hold” rating and issued a $142.00 target price (up from $132.00) on shares of Airbnb in a research note on Friday, October 11th. Mizuho dropped their target price on Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, September 13th. TD Cowen boosted their price target on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler increased their price objective on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company boosted their target price on shares of Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research note on Tuesday, October 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $138.94.

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.