Intellectus Partners LLC Has $1.77 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Intellectus Partners LLC increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 13,930 shares of the company’s stock after purchasing an additional 125 shares during the period. Intellectus Partners LLC’s holdings in Airbnb were worth $1,767,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new position in shares of Airbnb during the first quarter worth approximately $25,000. New Millennium Group LLC bought a new stake in Airbnb in the 2nd quarter valued at $28,000. Pathway Financial Advisers LLC bought a new stake in shares of Airbnb in the first quarter valued at about $33,000. Cultivar Capital Inc. acquired a new stake in shares of Airbnb during the 2nd quarter worth approximately $30,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Airbnb during the third quarter worth $25,000. Institutional investors own 80.76% of the company’s stock.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 11,635 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the sale, the director now owns 16,472 shares in the company, valued at approximately $2,259,958.40. The trade was a 41.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian Chesky sold 230,769 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 transaction of $27,692,280.00. Following the transaction, the chief executive officer now owns 13,315,912 shares of the company’s stock, 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. Over the last quarter, insiders have sold 417,806 shares of company stock valued at $51,809,831. 27.83% of the stock is currently owned by insiders.

Airbnb Trading Up 1.4 %

Shares of ABNB opened at $134.56 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The firm has a market cap of $86.34 billion, a price-to-earnings ratio of 47.21, a PEG ratio of 1.88 and a beta of 1.15. The business’s fifty day moving average is $130.62 and its 200-day moving average is $136.94.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ABNB. Phillip Securities reiterated a “reduce” rating and issued a $120.00 price objective on shares of Airbnb in a research note on Tuesday. UBS Group boosted their target price 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. Citigroup lifted their price objective on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday. Mizuho lowered their price objective on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. Finally, B. Riley dropped their price target on Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Six 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 company’s stock. According to MarketBeat, Airbnb has a consensus rating of “Hold” and an average price target of $139.31.

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.