Integrated Investment Consultants LLC Purchases New Stake in Airbnb, Inc. (NASDAQ:ABNB)

Integrated Investment Consultants LLC acquired a new position in Airbnb, Inc. (NASDAQ:ABNB) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 80,280 shares of the company’s stock, valued at approximately $10,180,000. Airbnb accounts for approximately 0.2% of Integrated Investment Consultants LLC’s investment portfolio, making the stock its 23rd biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Airbnb by 158.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after purchasing an additional 3,558,178 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Airbnb by 19,052.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock valued at $256,784,000 after purchasing an additional 1,684,646 shares during the period. Farallon Capital Management LLC bought a new position in Airbnb during the 1st quarter worth $265,292,000. International Assets Investment Management LLC increased its position in Airbnb by 19,430.3% in the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after buying an additional 1,113,747 shares during the period. Finally, Swedbank AB bought a new stake in Airbnb in the first quarter valued at $175,496,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

ABNB opened at $135.25 on Thursday. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $85.74 billion, a P/E ratio of 47.46, a PEG ratio of 1.86 and a beta of 1.15. The stock has a fifty day moving average of $132.02 and a 200-day moving average of $136.05.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period last year, the company earned $2.39 earnings per share. Equities analysts forecast that Airbnb, Inc. will post 4.04 EPS for the current fiscal year.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $72,000.00. Following the transaction, the chief technology officer now owns 195,844 shares of the company’s stock, valued at $23,501,280. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 230,769 shares of the firm’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 $27,692,280.00. Following the completion of the transaction, the chief executive officer now owns 13,315,912 shares in the company, valued at $1,597,909,440. The trade was a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 417,206 shares of company stock worth $51,738,467 in the last three months. 27.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ABNB. 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. Barclays raised their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Jefferies Financial Group boosted their price objective on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Cantor Fitzgerald restated an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a research report on Monday, October 7th. Finally, Phillip Securities reiterated a “reduce” rating and set a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and an average price target of $138.97.

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.