Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Meitav Investment House Ltd.

Meitav Investment House Ltd. grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4,938.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 113,758 shares of the company’s stock after purchasing an additional 111,500 shares during the quarter. Meitav Investment House Ltd.’s holdings in Airbnb were worth $14,403,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. ProShare Advisors LLC boosted its position in Airbnb by 20.6% during the first quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock worth $80,644,000 after acquiring an additional 83,383 shares during the last quarter. Shellback Capital LP purchased a new position in Airbnb in the 2nd quarter worth approximately $22,744,000. Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Airbnb by 1,231.3% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock worth $3,145,000 after purchasing an additional 19,183 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Airbnb by 2.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,105,329 shares of the company’s stock valued at $182,335,000 after purchasing an additional 26,735 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Airbnb by 2.4% in the first quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after purchasing an additional 791,149 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ABNB shares. The Goldman Sachs Group lowered their price objective on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. UBS Group boosted their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Mizuho cut their price objective on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. Barclays decreased their target price on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Finally, Morgan Stanley raised their price target on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $135.35.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $126.57, for a total value of $75,942.00. Following the completion of the sale, the chief technology officer now owns 205,774 shares in the company, valued at $26,044,815.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $126.57, for a total value of $75,942.00. Following the completion of the transaction, the chief technology officer now owns 205,774 shares in the company, valued at $26,044,815.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 42,719 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 directly owns 16,472 shares of the company’s stock, valued at $2,083,378.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 406,171 shares of company stock worth $50,208,253 over the last ninety days. 27.83% of the stock is currently owned by company insiders.

Airbnb Stock Up 0.7 %

ABNB stock opened at $137.47 on Thursday. The company’s 50 day moving average is $126.08 and its two-hundred day moving average is $138.50. Airbnb, Inc. has a twelve month low of $110.38 and a twelve 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. The stock has a market cap of $88.20 billion, a P/E ratio of 18.57, a PEG ratio of 1.83 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. Airbnb’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company posted $0.98 EPS. Research analysts expect that Airbnb, Inc. will post 4.33 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.