Harvest Portfolios Group Inc. Has $7.37 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Harvest Portfolios Group Inc. trimmed its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 7.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,103 shares of the company’s stock after selling 4,774 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Airbnb were worth $7,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. ProShare Advisors LLC lifted its position in shares of Airbnb by 20.6% during the 1st quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock worth $80,644,000 after buying an additional 83,383 shares during the period. Shellback Capital LP bought a new position in shares of Airbnb during the second quarter valued at $22,744,000. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Airbnb by 1,231.3% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock valued at $3,145,000 after acquiring an additional 19,183 shares during the period. Vanguard Group Inc. boosted its stake in shares of Airbnb by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after purchasing an additional 791,149 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Airbnb by 138.4% in the 1st quarter. Empowered Funds LLC now owns 10,271 shares of the company’s stock worth $1,694,000 after purchasing an additional 5,962 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the transaction, the chief technology officer now owns 198,244 shares of the company’s stock, valued at $23,579,141.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’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 sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph Gebbia sold 11,635 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the transaction, the director now owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 417,806 shares of company stock worth $51,809,831. Insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Robert W. Baird reduced their target price on Airbnb from $140.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. Argus lowered Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Five 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 presently has an average rating of “Hold” and an average price target of $135.35.

Airbnb Stock Up 2.0 %

ABNB stock opened at $140.63 on Wednesday. The firm has a 50-day moving average price of $127.29 and a 200-day moving average price of $137.91. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $90.23 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 1.93 and a beta of 1.15.

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