Private Advisor Group LLC Acquires 1,314 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Private Advisor Group LLC raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,136 shares of the company’s stock after purchasing an additional 1,314 shares during the period. Private Advisor Group LLC’s holdings in Airbnb were worth $2,760,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC raised its position in Airbnb by 3.1% during the 1st quarter. Geode Capital Management LLC now owns 4,464,099 shares of the company’s stock valued at $555,202,000 after purchasing an additional 132,429 shares during the last quarter. Norges Bank bought a new position in Airbnb during the 4th quarter valued at approximately $332,438,000. Bank of New York Mellon Corp raised its position in Airbnb by 16.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,132,964 shares of the company’s stock valued at $273,361,000 after purchasing an additional 302,730 shares during the last quarter. FIL Ltd raised its position in Airbnb by 4.7% during the 1st quarter. FIL Ltd now owns 2,117,939 shares of the company’s stock valued at $263,472,000 after purchasing an additional 95,888 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Airbnb by 4.9% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,067,936 shares of the company’s stock worth $265,027,000 after acquiring an additional 95,778 shares in the last quarter. Institutional investors own 44.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ABNB shares. Deutsche Bank Aktiengesellschaft increased their target price on Airbnb from $102.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, August 8th. TheStreet raised Airbnb from a “d+” rating to a “c-” rating in a research report on Tuesday, September 12th. Needham & Company LLC reduced their price objective on Airbnb from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. Morgan Stanley reduced their price objective on Airbnb from $110.00 to $105.00 and set an “underweight” rating for the company in a research report on Thursday, November 2nd. Finally, Credit Suisse Group raised their price objective on Airbnb from $150.00 to $165.00 and gave the company a “neutral” rating in a research report on Friday, August 4th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $141.94.

Airbnb Stock Up 2.0 %

Shares of ABNB opened at $129.70 on Tuesday. The company has a market cap of $84.10 billion, a PE ratio of 15.68, a P/E/G ratio of 1.56 and a beta of 1.26. The business has a fifty day moving average of $127.28 and a 200 day moving average of $128.14. Airbnb, Inc. has a 52-week low of $81.91 and a 52-week high of $154.95. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

Insider Transactions at Airbnb

In other news, insider Nathan Blecharczyk sold 17,445 shares of Airbnb stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $125.35, for a total transaction of $2,186,730.75. Following the completion of the sale, the insider now directly owns 922,615 shares in the company, valued at $115,649,790.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Nathan Blecharczyk sold 17,445 shares of Airbnb stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $125.35, for a total transaction of $2,186,730.75. Following the completion of the sale, the insider now directly owns 922,615 shares in the company, valued at $115,649,790.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey D. Jordan sold 2,000 shares of Airbnb stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $141.00, for a total value of $282,000.00. Following the sale, the director now owns 217,646 shares of the company’s stock, valued at $30,688,086. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 528,769 shares of company stock worth $72,671,615. 30.84% of the stock is currently owned by insiders.

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 model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.