Moloney Securities Asset Management LLC Reduces Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Moloney Securities Asset Management LLC reduced its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,259 shares of the company’s stock after selling 110 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Airbnb were worth $286,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ABNB. Larson Financial Group LLC lifted its stake in shares of Airbnb by 418.5% during the 1st quarter. Larson Financial Group LLC now owns 980 shares of the company’s stock valued at $162,000 after buying an additional 791 shares in the last quarter. Csenge Advisory Group purchased a new stake in shares of Airbnb during the 1st quarter valued at approximately $303,000. Texas Permanent School Fund Corp lifted its stake in shares of Airbnb by 0.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 90,033 shares of the company’s stock valued at $14,852,000 after buying an additional 272 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of Airbnb by 26.4% during the 1st quarter. Advisory Services Network LLC now owns 33,011 shares of the company’s stock valued at $5,445,000 after buying an additional 6,901 shares in the last quarter. Finally, Empirical Finance LLC purchased a new stake in shares of Airbnb during the 1st quarter valued at approximately $339,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the sale, the director now directly 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the sale, the director now directly 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the sale, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. This 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 valued at $51,809,831. Company insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the topic of several recent analyst reports. Cantor Fitzgerald reiterated an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a research note on Monday, October 7th. UBS Group increased their target price on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Susquehanna lowered their target price 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. Sanford C. Bernstein lowered their target price on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 17th. Finally, BMO Capital Markets lowered their target price on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Airbnb has a consensus rating of “Hold” and an average target price of $135.35.

Airbnb Price Performance

Shares of Airbnb stock opened at $140.91 on Thursday. The firm has a market cap of $90.41 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.15. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month 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’s fifty day simple moving average is $127.71 and its two-hundred day simple moving average is $137.79.

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). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, equities 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.