Integrated Investment Consultants LLC Invests $10.18 Million in Airbnb, Inc. (NASDAQ:ABNB)

Integrated Investment Consultants LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 80,280 shares of the company’s stock, valued at approximately $10,180,000. Airbnb accounts for about 0.2% of Integrated Investment Consultants LLC’s investment portfolio, making the stock its 23rd biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in Airbnb by 158.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock worth $958,279,000 after purchasing an additional 3,558,178 shares during the period. Legal & General Group Plc increased its position in Airbnb by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after acquiring an additional 153,784 shares during the period. MKA Charitable Fund lifted its position in Airbnb by 17.2% during the 3rd quarter. MKA Charitable Fund now owns 2,015,865 shares of the company’s stock worth $255,632,000 after acquiring an additional 296,153 shares during the period. Farallon Capital Management LLC increased its holdings in shares of Airbnb by 5.8% in the second quarter. Farallon Capital Management LLC now owns 1,701,000 shares of the company’s stock valued at $257,923,000 after purchasing an additional 92,780 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Airbnb by 19,052.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock worth $256,784,000 after purchasing an additional 1,684,646 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Trading Up 2.9 %

Shares of ABNB opened at $135.25 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The stock has a market cap of $85.74 billion, a PE ratio of 47.46, a P/E/G ratio of 1.86 and a beta of 1.15. The stock’s 50-day moving average is $132.02 and its two-hundred day moving average is $136.05.

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

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $72,000.00. Following the sale, the chief technology officer now directly owns 195,844 shares of the company’s stock, valued at $23,501,280. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 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 directly owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. This represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 417,206 shares of company stock worth $51,738,467 over the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Piper Sandler raised their target price on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. DA Davidson lifted their price target on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research note on Monday. Royal Bank of Canada lowered their target price on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, Robert W. Baird upped their price target on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Six research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $138.97.

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.