Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 73,662 shares of the company’s stock after selling 10,993 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Airbnb were worth $9,341,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Farrow Financial Inc. boosted its holdings in shares of Airbnb by 1.0% in 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 boosted its stake in Airbnb by 5.0% during the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after purchasing an additional 76 shares during the period. HB Wealth Management LLC boosted its stake in Airbnb by 1.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock valued at $749,000 after purchasing an additional 76 shares during the period. Optas LLC boosted its stake in 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 boosted its stake in 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 period. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Down 1.6 %

ABNB stock opened at $136.11 on Monday. The company’s 50 day simple moving average is $134.15 and its 200-day simple moving average is $135.25. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The firm has a market capitalization of $86.29 billion, a P/E ratio of 47.76, a P/E/G ratio of 1.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data 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 net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the firm posted $2.39 earnings per share. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.02 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on ABNB shares. Royal Bank of Canada reduced their target price on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. B. Riley reduced their target price on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Citigroup boosted their target price on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, November 11th. BMO Capital Markets dropped their price target 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. Finally, Robert W. Baird boosted their price target on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $138.97.

Insider Activity at Airbnb

In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the business’s 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 $27,692,280.00. Following the completion of the sale, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at $1,597,909,440. The trade was a 1.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joseph Gebbia sold 11,635 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the sale, the director now directly owns 16,472 shares of the company’s stock, valued at $2,259,958.40. This represents a 41.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 718,017 shares of company stock valued at $91,842,052. Corporate 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.