Virtue Capital Management LLC Has $347,000 Stake in Airbnb, Inc. (NASDAQ:ABNB)

Virtue Capital Management LLC lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 17.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,740 shares of the company’s stock after acquiring an additional 410 shares during the period. Virtue Capital Management LLC’s holdings in Airbnb were worth $347,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ABNB. Edgewood Management LLC increased its stake in Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Airbnb by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after buying an additional 146,761 shares during the period. Pacer Advisors Inc. increased its position in Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after buying an additional 4,172,985 shares in the last quarter. Legal & General Group Plc raised its stake in Airbnb by 4.7% during the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after buying an additional 153,784 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Airbnb by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock worth $343,185,000 after acquiring an additional 52,358 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Up 0.4 %

Airbnb stock opened at $138.84 on Thursday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $88.02 billion, a P/E ratio of 48.72, a P/E/G ratio of 1.91 and a beta of 1.13. The firm has a 50 day moving average price of $135.64 and a 200-day moving average price of $134.93. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period last year, the company posted $2.39 earnings per share. As a group, equities analysts predict that Airbnb, Inc. will post 3.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ABNB shares. Piper Sandler boosted their price objective on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, November 8th. 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 note on Wednesday, October 23rd. Wedbush upped their price objective on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Argus cut shares of Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Jefferies Financial Group upped their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $138.94.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 500 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the transaction, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. This trade represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 787,926 shares of company stock worth $101,440,343. 27.83% of the stock is owned by company insiders.

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.