Exchange Traded Concepts LLC Purchases 495 Shares of Airbnb, Inc. (NASDAQ:ABNB)

by · The Cerbat Gem

Exchange Traded Concepts LLC increased its position in Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,248 shares of the company’s stock after purchasing an additional 495 shares during the period. Exchange Traded Concepts LLC’s holdings in Airbnb were worth $2,568,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Joel Isaacson & Co. LLC grew its position in shares of Airbnb by 2.3% in the 1st quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock worth $493,000 after buying an additional 67 shares during the period. Miracle Mile Advisors LLC boosted its stake in Airbnb by 0.7% during the first quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock worth $1,541,000 after acquiring an additional 68 shares in the last quarter. Farrow Financial Inc. grew its holdings in Airbnb by 1.0% in the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after purchasing an additional 69 shares during the period. Heritage Wealth Advisors increased its stake in shares of Airbnb by 55.0% during the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after purchasing an additional 71 shares in the last quarter. Finally, GYL Financial Synergies LLC lifted its holdings in shares of Airbnb by 5.0% during the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Trading Up 0.3 %

Shares of NASDAQ:ABNB opened at $134.79 on Tuesday. The stock has a 50 day moving average of $121.81 and a 200 day moving average of $140.56. The company has a market cap of $86.81 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 earnings per share. As a group, equities research analysts expect that Airbnb, Inc. will post 4.33 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Susquehanna cut their price target on Airbnb from $180.00 to $130.00 and set a “positive” rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley raised their price target on Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. Piper Sandler dropped their price target on shares of Airbnb from $155.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company raised their price objective 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. Finally, Barclays dropped their target price on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $134.55.

Get Our Latest Stock Analysis on ABNB

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 42,719 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 16,472 shares of the company’s stock, valued at $2,083,378.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Airbnb news, CEO Brian Chesky sold 115,385 shares of Airbnb stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $149.11, for a total value of $17,205,057.35. Following the sale, the chief executive officer now directly owns 13,798,917 shares in the company, valued at approximately $2,057,556,513.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 42,719 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at $2,083,378.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 561,896 shares of company stock valued at $74,027,852 over the last ninety days. 27.83% of the stock is currently owned by company insiders.

Airbnb Company Profile

(Free Report)

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.

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