CreativeOne Wealth LLC Invests $326,000 in Airbnb, Inc. (NASDAQ:ABNB)

CreativeOne Wealth LLC purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,573 shares of the company’s stock, valued at approximately $326,000.

Other large investors have also recently bought and sold shares of the company. Edgewood Management LLC lifted its holdings in shares of Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after buying an additional 1,143,464 shares in the last quarter. Pacer Advisors Inc. increased its position in Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after acquiring an additional 4,172,985 shares during the period. Legal & General Group Plc raised its stake in Airbnb by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after purchasing an additional 153,784 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Airbnb by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock valued at $343,185,000 after purchasing an additional 52,358 shares during the period. Finally, MKA Charitable Fund grew its position in shares of Airbnb by 17.2% during the 3rd quarter. MKA Charitable Fund now owns 2,015,865 shares of the company’s stock worth $255,632,000 after purchasing an additional 296,153 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now owns 164,850 shares of the company’s stock, valued at $21,466,767. This trade represents a 5.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $72,000.00. Following the transaction, the chief technology officer now owns 195,844 shares in the company, valued at $23,501,280. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 718,017 shares of company stock valued at $91,842,052 over the last quarter. Insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Argus downgraded shares of Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Bank of America reaffirmed a “hold” rating and issued a $142.00 price objective (up from $132.00) on shares of Airbnb in a report on Friday, October 11th. DA Davidson increased their target price on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $94.00 price target on shares of Airbnb in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research note 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 data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $138.97.

Airbnb Stock Up 1.0 %

Shares of ABNB opened at $137.49 on Tuesday. The company has a market capitalization of $87.16 billion, a PE ratio of 48.24, a PEG ratio of 1.93 and a beta of 1.15. The stock’s 50-day moving average price is $134.15 and its two-hundred day moving average price is $135.25. The company has a current ratio of 1.62, a quick 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.

Airbnb (NASDAQ:ABNB) last announced its 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 company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company earned $2.39 earnings per share. On average, analysts anticipate that Airbnb, Inc. will post 4.02 EPS 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.