Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Fortis Capital Management LLC

Fortis Capital Management LLC trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 19.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,548 shares of the company’s stock after selling 1,573 shares during the period. Fortis Capital Management LLC’s holdings in Airbnb were worth $830,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ABNB. Farrow Financial Inc. lifted its position in Airbnb by 1.0% in the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock valued at $1,087,000 after acquiring an additional 69 shares during the last quarter. GYL Financial Synergies LLC lifted its stake in shares of Airbnb by 5.0% in 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 period. HB Wealth Management LLC grew its stake in Airbnb by 1.6% in the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock valued at $749,000 after acquiring an additional 76 shares during the last quarter. Optas LLC grew its position in shares of Airbnb by 4.5% in the second quarter. Optas LLC now owns 1,829 shares of the company’s stock valued at $277,000 after purchasing an additional 78 shares during the last quarter. Finally, Sage Mountain Advisors LLC increased its position in Airbnb by 1.1% during the second quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock worth $1,113,000 after buying an additional 79 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now owns 198,244 shares of the company’s stock, valued at $23,579,141.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the sale, the director now directly owns 16,472 shares of the company’s stock, valued at $2,259,958.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the transaction, the chief technology officer now directly owns 198,244 shares in the company, valued at approximately $23,579,141.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 417,806 shares of company stock worth $51,809,831 over the last quarter. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Down 0.3 %

Shares of NASDAQ ABNB opened at $132.76 on Thursday. The firm has a market capitalization of $85.18 billion, a PE ratio of 46.58, a PEG ratio of 1.88 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $129.90 and a two-hundred day moving average price of $136.99. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share 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 for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the business earned $2.39 earnings per share. As a group, analysts predict that Airbnb, Inc. will post 4.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ABNB shares. 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. Citigroup increased their price target on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday. Barclays upped their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Piper Sandler increased their target price on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Bank of America restated a “hold” rating and issued a $142.00 price target (up previously from $132.00) on shares of Airbnb in a report on Friday, October 11th. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $139.31.

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.