Lmcg Investments LLC Has $5.65 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Lmcg Investments LLC grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,535 shares of the company’s stock after purchasing an additional 731 shares during the period. Lmcg Investments LLC’s holdings in Airbnb were worth $5,647,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. AM Investment Strategies LLC acquired a new stake in Airbnb in the third quarter worth $587,000. Chicago Partners Investment Group LLC raised its holdings in Airbnb by 42.8% in the third quarter. Chicago Partners Investment Group LLC now owns 10,049 shares of the company’s stock worth $1,326,000 after purchasing an additional 3,012 shares during the period. Capital Advisors Inc. OK raised its holdings in Airbnb by 38.3% in the third quarter. Capital Advisors Inc. OK now owns 161,724 shares of the company’s stock worth $20,508,000 after purchasing an additional 44,787 shares during the period. Americana Partners LLC raised its holdings in shares of Airbnb by 47.6% during the third quarter. Americana Partners LLC now owns 10,057 shares of the company’s stock worth $1,275,000 after acquiring an additional 3,242 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Airbnb by 12.6% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,017 shares of the company’s stock worth $129,000 after acquiring an additional 114 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on ABNB. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Wells Fargo & Company raised their price objective on shares of Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a report on Tuesday, October 8th. Jefferies Financial Group raised their price objective on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Cantor Fitzgerald restated an “underweight” rating and set a $94.00 price objective on shares of Airbnb in a report on Monday, October 7th. Finally, UBS Group lifted their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $135.35.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Brian Chesky sold 230,769 shares of the firm’s 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 completion of the transaction, the chief executive officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the transaction, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at $23,579,141.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 418,406 shares of company stock valued at $51,885,773. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

ABNB traded up $1.67 on Friday, reaching $136.46. The company had a trading volume of 3,707,590 shares, compared to its average volume of 4,390,379. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The stock has a market cap of $87.56 billion, a P/E ratio of 18.57, a P/E/G ratio of 1.93 and a beta of 1.15. The company’s fifty day moving average is $126.86 and its 200 day moving average is $138.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41.

Airbnb (NASDAQ:ABNB) last announced 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 return on equity of 34.74% and a net margin of 46.11%. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, analysts predict that Airbnb, Inc. will post 4.17 earnings per share for the current fiscal year.

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.