Bridgewater Associates LP Acquires 184,311 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Bridgewater Associates LP boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 111.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 349,523 shares of the company’s stock after buying an additional 184,311 shares during the quarter. Bridgewater Associates LP’s holdings in Airbnb were worth $44,323,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

ABNB has been the topic of a number of research reports. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. UBS Group lifted their price target on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. 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. Argus downgraded Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Piper Sandler upped their price target on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Airbnb currently has an average rating of “Hold” and a consensus target price of $138.97.

Airbnb Stock Down 0.9 %

Shares of ABNB opened at $139.67 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $88.55 billion, a price-to-earnings ratio of 49.01, a price-to-earnings-growth ratio of 2.00 and a beta of 1.15. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The business’s 50 day simple moving average is $133.55 and its 200-day simple moving average is $135.45.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS 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 business 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 EPS. As a group, equities analysts expect that Airbnb, Inc. will post 4.02 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the sale, the director now owns 10,321 shares of the company’s stock, valued at $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $72,000.00. Following the sale, the chief technology officer now directly owns 195,844 shares of the company’s stock, valued at $23,501,280. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 641,094 shares of company stock valued at $81,077,447. Insiders own 27.83% of the company’s stock.

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.