Rhumbline Advisers Purchases 336,757 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Rhumbline Advisers boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNBGet Rating) by 11,244.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 339,752 shares of the company’s stock after purchasing an additional 336,757 shares during the period. Rhumbline Advisers’ holdings in Airbnb were worth $30,265,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ABNB. Metis Global Partners LLC bought a new position in Airbnb during the 1st quarter valued at about $299,000. abrdn plc grew its stake in Airbnb by 15.6% in the 1st quarter. abrdn plc now owns 6,966 shares of the company’s stock worth $1,196,000 after acquiring an additional 942 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Airbnb by 27.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 366,742 shares of the company’s stock worth $62,992,000 after acquiring an additional 78,928 shares in the last quarter. Gladstone Institutional Advisory LLC grew its stake in Airbnb by 52.1% in the 1st quarter. Gladstone Institutional Advisory LLC now owns 8,085 shares of the company’s stock worth $1,389,000 after acquiring an additional 2,770 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Airbnb by 2.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 78,429 shares of the company’s stock worth $13,471,000 after acquiring an additional 1,793 shares in the last quarter. 39.45% of the stock is currently owned by institutional investors.

Airbnb Stock Up 1.4 %

ABNB stock opened at $96.63 on Thursday. The firm has a market cap of $62.07 billion, a PE ratio of 39.85, a P/E/G ratio of 1.79 and a beta of 0.99. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.85 and a current ratio of 1.85. The firm’s fifty day moving average is $108.56 and its 200 day moving average is $109.55. Airbnb, Inc. has a one year low of $86.71 and a one year high of $191.73.

Analyst Ratings Changes

A number of brokerages have commented on ABNB. UBS Group dropped their target price on shares of Airbnb from $120.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 2nd. Barclays upped their price target on shares of Airbnb from $101.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Jefferies Financial Group lowered their price target on shares of Airbnb from $140.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, October 6th. Needham & Company LLC lowered their price target on shares of Airbnb from $220.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, August 3rd. Finally, Citigroup lowered their price target on shares of Airbnb from $160.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average price target of $141.70.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 22,597 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $114.22, for a total transaction of $2,581,029.34. Following the sale, the director now owns 127,050 shares in the company, valued at $14,511,651. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Joseph Gebbia sold 22,597 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $114.22, for a total transaction of $2,581,029.34. Following the sale, the director now owns 127,050 shares in the company, valued at $14,511,651. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Catherine C. Powell sold 5,054 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $93.66, for a total transaction of $473,357.64. Following the transaction, the insider now directly owns 103,370 shares in the company, valued at $9,681,634.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 833,391 shares of company stock worth $94,263,463. 32.69% of the stock is owned by company insiders.

Airbnb Profile

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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.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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