Metis Global Partners LLC Grows Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Metis Global Partners LLC lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 4.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,584 shares of the company’s stock after purchasing an additional 815 shares during the period. Metis Global Partners LLC’s holdings in Airbnb were worth $2,483,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ABNB. Farrow Financial Inc. grew its holdings in Airbnb by 1.0% during the 2nd quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after acquiring an additional 69 shares in the last quarter. GYL Financial Synergies LLC boosted its holdings in shares of Airbnb by 5.0% in the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after buying an additional 76 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of Airbnb by 1.6% in the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock valued at $749,000 after buying an additional 76 shares in the last quarter. Optas LLC boosted its holdings in shares of Airbnb by 4.5% in the 2nd quarter. Optas LLC now owns 1,829 shares of the company’s stock valued at $277,000 after buying an additional 78 shares in the last quarter. Finally, Sage Mountain Advisors LLC boosted its holdings in shares of Airbnb by 1.1% in the 2nd quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock valued at $1,113,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 42,719 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. The trade was a 72.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was 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 in the company, valued at approximately $23,579,141.36. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 417,806 shares of company stock valued at $51,809,831 over the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $132.50 on Friday. The company has a 50-day simple moving average of $130.99 and a 200-day simple moving average of $136.73. 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, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a market cap of $85.01 billion, a PE ratio of 46.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $3.72 billion. During the same period in the prior year, the business posted $2.39 earnings per share. On average, equities analysts anticipate that Airbnb, Inc. will post 4.04 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Truist Financial reduced their price target on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Morgan Stanley upped their price target on shares of Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a research report on Tuesday, July 23rd. Argus downgraded shares of Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Benchmark restated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research report on Friday, November 8th. Finally, UBS Group upped their price objective on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Airbnb currently has an average 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.