Mizuho Markets Americas LLC Sells 47,000 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Mizuho Markets Americas LLC reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 58.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 32,915 shares of the company’s stock after selling 47,000 shares during the period. Mizuho Markets Americas LLC’s holdings in Airbnb were worth $4,174,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Long Island Investors LLC grew its holdings in Airbnb by 1.2% during the third quarter. First Long Island Investors LLC now owns 87,283 shares of the company’s stock worth $11,068,000 after buying an additional 1,069 shares in the last quarter. Empirical Finance LLC grew its stake in shares of Airbnb by 58.6% in the 3rd quarter. Empirical Finance LLC now owns 2,616 shares of the company’s stock worth $332,000 after acquiring an additional 967 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Airbnb by 1,043.4% in the third quarter. Empowered Funds LLC now owns 62,499 shares of the company’s stock valued at $7,925,000 after purchasing an additional 57,033 shares during the last quarter. King Wealth Management Group bought a new position in shares of Airbnb during the third quarter valued at about $253,000. Finally, CIBC Asset Management Inc boosted its holdings in Airbnb by 5.5% during the third quarter. CIBC Asset Management Inc now owns 136,382 shares of the company’s stock worth $17,295,000 after purchasing an additional 7,148 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Down 1.5 %

ABNB stock opened at $132.50 on Friday. The company’s 50 day moving average is $130.99 and its 200 day moving average is $136.58. The stock has a market cap of $85.01 billion, a price-to-earnings ratio of 46.49, a price-to-earnings-growth ratio of 1.87 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. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

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

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the sale, the chief technology officer now owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. This represents a 0.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Chesky sold 230,769 shares of Airbnb stock in a transaction on Tuesday, September 17th. The stock was 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 approximately $1,597,909,440. The trade was a 1.70 % decrease in their position. 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 over the last 90 days. Insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ABNB shares. Cantor Fitzgerald restated an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a research note on Monday, October 7th. Mizuho reduced their price objective on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Sanford C. Bernstein lowered their target price on Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 17th. Benchmark restated a “buy” rating and set a $155.00 price target on shares of Airbnb in a research report on Friday, November 8th. Finally, BMO Capital Markets lowered their price objective on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $139.31.

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.