Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank decreased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 98.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 235,584 shares of the company’s stock after selling 13,433,030 shares during the period. Toronto Dominion Bank’s holdings in Airbnb were worth $29,874,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in Airbnb during the third quarter valued at $25,000. Hollencrest Capital Management boosted its holdings in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the period. New Millennium Group LLC acquired a new position in shares of Airbnb in the 2nd quarter valued at about $28,000. Cultivar Capital Inc. bought a new stake in shares of Airbnb during the 2nd quarter valued at about $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Airbnb during the third quarter worth about $30,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following 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 SEC, which is available at this link. Also, CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the sale, 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 position. 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. Insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

NASDAQ:ABNB opened at $138.84 on Thursday. The company has a 50-day moving average of $135.64 and a 200-day moving average of $134.93. The firm has a market cap of $88.02 billion, a price-to-earnings ratio of 48.72, a price-to-earnings-growth ratio of 1.91 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the previous year, the business posted $2.39 earnings per share. Analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Phillip Securities restated a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. Barclays boosted their price objective on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. TD Cowen increased their target price on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Benchmark reissued a “buy” rating and set a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. Finally, UBS Group increased their price objective on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Six investment 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, the stock has a consensus rating of “Hold” and a consensus price target of $138.94.

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.