5,496 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Ground Swell Capital LLC

Ground Swell Capital LLC acquired a new position in Airbnb, Inc. (NASDAQ:ABNB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,496 shares of the company’s stock, valued at approximately $697,000. Airbnb makes up about 0.6% of Ground Swell Capital LLC’s investment portfolio, making the stock its 20th largest holding.

Several other institutional investors have also modified their holdings of ABNB. Transcendent Capital Group LLC acquired a new position in shares of Airbnb during the first quarter worth about $25,000. Northwest Investment Counselors LLC purchased a new position in Airbnb in the 3rd quarter valued at about $25,000. New Millennium Group LLC acquired a new stake in shares of Airbnb in the second quarter worth approximately $28,000. Cultivar Capital Inc. acquired a new position in Airbnb during the second quarter valued at approximately $30,000. Finally, Heritage Wealth Advisors raised its stake in shares of Airbnb by 55.0% during the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ABNB shares. Mizuho reduced their price objective on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, September 13th. JPMorgan Chase & Co. decreased their target price on Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Argus downgraded Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. B. Riley decreased their price objective on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, TD Cowen decreased their price objective on Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $135.35.

Insider Activity

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total value of $81,198.00. Following the sale, the chief technology officer now directly owns 192,244 shares in the company, valued at $26,016,380.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total value of $81,198.00. Following the completion of the sale, the chief technology officer now directly owns 192,244 shares in the company, valued at $26,016,380.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 230,769 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the sale, the chief executive officer now owns 13,315,912 shares in the company, valued at $1,597,909,440. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 418,406 shares of company stock worth $51,885,773 in the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Up 1.2 %

ABNB stock opened at $136.46 on Monday. The business has a fifty day simple moving average of $126.86 and a 200-day simple moving average of $138.07. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The company has a market cap of $87.56 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 1.90 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts expect that Airbnb, Inc. will post 4.17 EPS for the current 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.