Quantum Private Wealth LLC Has $984,000 Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Quantum Private Wealth LLC trimmed its position in Airbnb, Inc. (NASDAQ:ABNB) by 37.4% during the third quarter, HoldingsChannel.com reports. The firm owned 7,761 shares of the company’s stock after selling 4,639 shares during the quarter. Quantum Private Wealth LLC’s holdings in Airbnb were worth $984,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AIA Group Ltd raised its position in shares of Airbnb by 5.5% in the 3rd quarter. AIA Group Ltd now owns 27,501 shares of the company’s stock valued at $3,487,000 after buying an additional 1,425 shares in the last quarter. Bensler LLC bought a new position in Airbnb during the third quarter worth $3,230,000. Principal Financial Group Inc. raised its holdings in shares of Airbnb by 17.9% in the third quarter. Principal Financial Group Inc. now owns 680,539 shares of the company’s stock valued at $86,299,000 after purchasing an additional 103,087 shares during the last quarter. Malaga Cove Capital LLC purchased a new stake in Airbnb during the third quarter worth about $249,000. Finally, Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Airbnb during the third quarter worth about $226,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ABNB. TD Cowen cut their price objective on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. The Goldman Sachs Group decreased their target price on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Wedbush decreased their target price on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Argus cut shares of Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and an average target price of $136.65.

Airbnb Trading Down 9.4 %

Shares of NASDAQ ABNB opened at $133.49 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average price is $128.79 and its two-hundred day moving average price is $137.88. The stock has a market capitalization of $85.65 billion, a P/E ratio of 18.16, a PEG ratio of 1.93 and a beta of 1.15. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly 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). The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 earnings per share. On average, analysts anticipate that Airbnb, Inc. will post 4.17 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the 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 transaction, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at $1,597,909,440. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Brian Chesky sold 230,769 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the sale, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $72,000.00. Following the completion of the sale, the chief technology officer now directly owns 195,844 shares in the company, valued at approximately $23,501,280. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 417,806 shares of company stock valued at $51,809,831 in the last three months. 27.83% of the stock is currently owned by corporate insiders.

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.