Simon Quick Advisors LLC Has $719,000 Holdings in Airbnb, Inc. $ABNB

Simon Quick Advisors LLC lessened its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 16.8% in the 2nd quarter, Holdings Channel reports. The firm owned 5,435 shares of the company’s stock after selling 1,098 shares during the quarter. Simon Quick Advisors LLC’s holdings in Airbnb were worth $719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ABNB. Koshinski Asset Management Inc. grew its holdings in Airbnb by 4.4% during the first quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company’s stock valued at $237,000 after purchasing an additional 83 shares during the last quarter. Mather Group LLC. grew its holdings in Airbnb by 43.6% during the first quarter. Mather Group LLC. now owns 2,004 shares of the company’s stock valued at $239,000 after purchasing an additional 608 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Airbnb by 221.2% during the first quarter. Teacher Retirement System of Texas now owns 83,371 shares of the company’s stock valued at $9,959,000 after purchasing an additional 57,417 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Airbnb by 6.3% during the first quarter. D.A. Davidson & CO. now owns 33,931 shares of the company’s stock valued at $4,053,000 after purchasing an additional 2,024 shares during the last quarter. Finally, Conning Inc. grew its holdings in Airbnb by 6.4% during the first quarter. Conning Inc. now owns 2,023 shares of the company’s stock valued at $242,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Truist Financial lowered their price target on Airbnb from $106.00 to $104.00 and set a “sell” rating on the stock in a report on Wednesday, September 3rd. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a report on Tuesday, October 7th. Wells Fargo & Company set a $110.00 price target on Airbnb and gave the company an “underweight” rating in a report on Thursday, August 7th. Zacks Research upgraded shares of Airbnb to a “hold” rating in a research note on Tuesday, August 12th. Finally, Wedbush lowered their price objective on shares of Airbnb from $135.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $141.70.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Monday, October 27th. The shares were sold at an average price of $128.47, for a total transaction of $30,318,920.00. Following the sale, the director owned 468,015 shares in the company, valued at $60,125,887.05. The trade was a 33.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Elinor Mertz sold 7,500 shares of Airbnb stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $130.00, for a total transaction of $975,000.00. Following the sale, the chief financial officer owned 436,570 shares in the company, valued at $56,754,100. This represents a 1.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,682,160 shares of company stock worth $210,262,707 over the last 90 days. Corporate insiders own 27.91% of the company’s stock.

Airbnb Price Performance

ABNB opened at $126.54 on Friday. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The firm’s fifty day moving average price is $124.55 and its two-hundred day moving average price is $128.36. The company has a market capitalization of $78.64 billion, a P/E ratio of 30.64, a P/E/G ratio of 2.30 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

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.