GFG Capital LLC Buys 12,040 Shares of Airbnb, Inc. (NASDAQ:ABNB)

GFG Capital LLC grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 19.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,153 shares of the company’s stock after purchasing an additional 12,040 shares during the period. Airbnb makes up 2.7% of GFG Capital LLC’s portfolio, making the stock its 11th biggest holding. GFG Capital LLC’s holdings in Airbnb were worth $10,293,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. RFG Advisory LLC purchased a new stake in shares of Airbnb in the first quarter worth $414,000. Ballentine Partners LLC lifted its holdings in shares of Airbnb by 36.1% during the 1st quarter. Ballentine Partners LLC now owns 2,808 shares of the company’s stock valued at $463,000 after buying an additional 745 shares during the period. Northwest Investment Counselors LLC purchased a new position in Airbnb in the first quarter worth about $33,000. Global Assets Advisory LLC bought a new position in Airbnb in the first quarter worth approximately $9,001,000. Finally, TB Alternative Assets Ltd. lifted its position in Airbnb by 36.0% during the first quarter. TB Alternative Assets Ltd. now owns 323,900 shares of the company’s stock valued at $53,431,000 after purchasing an additional 85,700 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on ABNB shares. Truist Financial decreased their price target on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Wedbush dropped their price objective on Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Argus lowered shares of Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. TD Cowen decreased their price objective on Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Bank of America restated a “hold” rating and set a $142.00 target price (up previously from $132.00) on shares of Airbnb in a report on Friday, October 11th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $134.55.

Airbnb Stock Up 0.5 %

ABNB stock opened at $137.19 on Tuesday. 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 company has a market capitalization of $88.36 billion, a P/E ratio of 18.37, a PEG ratio of 1.83 and a beta of 1.17. The firm has a 50 day simple moving average of $123.64 and a 200-day simple moving average of $139.65.

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

Insider Activity

In other Airbnb news, Director Joseph Gebbia sold 42,719 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the sale, the director now owns 16,472 shares in the company, valued at approximately $2,083,378.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the transaction, the chief technology officer now owns 198,244 shares in the company, valued at $23,579,141.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph Gebbia sold 42,719 shares of the stock in a transaction that occurred on 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 in the company, valued at $2,083,378.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 405,571 shares of company stock worth $50,126,587. Corporate insiders own 27.83% of the company’s stock.

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.