GAMMA Investing LLC Has $239,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

GAMMA Investing LLC lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 12.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,887 shares of the company’s stock after selling 277 shares during the period. GAMMA Investing LLC’s holdings in Airbnb were worth $239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Transcendent Capital Group LLC acquired a new stake in Airbnb during the 1st quarter worth approximately $25,000. Trust Co. of Vermont acquired a new stake in shares of Airbnb during the fourth quarter worth $27,000. New Millennium Group LLC bought a new stake in Airbnb in the 2nd quarter valued at $28,000. Vima LLC acquired a new position in Airbnb in the 4th quarter worth $29,000. Finally, Cultivar Capital Inc. bought a new position in Airbnb during the 2nd quarter worth about $30,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 42,719 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the completion of the sale, the director now owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Joseph Gebbia sold 42,719 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total value of $5,403,099.12. Following the completion of the sale, the director now directly owns 16,472 shares in the company, valued at approximately $2,083,378.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO David C. Bernstein sold 1,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $145.88, for a total value of $145,880.00. Following the transaction, the chief accounting officer now owns 44,043 shares in the company, valued at approximately $6,424,992.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 563,496 shares of company stock worth $74,262,814 in the last 90 days. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Down 2.0 %

Airbnb stock opened at $132.81 on Friday. The company’s 50-day moving average price is $121.50 and its two-hundred day moving average price is $141.37. 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 stock has a market cap of $85.54 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.72 and a beta of 1.17. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). The firm 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%. Airbnb’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. As a group, analysts expect that Airbnb, Inc. will post 4.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ABNB. Mizuho cut their price target on Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, September 13th. TD Cowen reduced their price target on Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada lowered their price objective on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Piper Sandler reduced their target price on shares of Airbnb from $155.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, Susquehanna lowered their price target on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating on the stock in a research note on Wednesday, August 7th. Five equities 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’s stock. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus price target of $134.23.

About Airbnb

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.