Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 21.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,953 shares of the company’s stock after purchasing an additional 20,066 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Airbnb were worth $14,358,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ABNB. Transcendent Capital Group LLC acquired a new stake in shares of Airbnb during the 1st quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth about $25,000. New Millennium Group LLC acquired a new stake in shares of Airbnb during the 2nd quarter worth about $28,000. Cultivar Capital Inc. acquired a new stake in shares of Airbnb during the 2nd quarter worth about $30,000. Finally, Heritage Wealth Advisors boosted its stake in shares of Airbnb by 55.0% during the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock worth $33,000 after purchasing an additional 71 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Up 1.4 %

ABNB stock opened at $134.58 on Friday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $86.68 billion, a P/E ratio of 18.02, a PEG ratio of 1.83 and a beta of 1.17. The firm has a 50 day simple moving average of $124.97 and a 200-day simple moving average of $139.03.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. On average, equities research analysts predict that Airbnb, Inc. will post 4.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ABNB. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Wedbush cut their price objective on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Bank of America reiterated a “hold” rating and set a $142.00 price objective (up from $132.00) on shares of Airbnb in a report on Friday, October 11th. Benchmark reiterated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a report on Monday, August 26th. Finally, Argus lowered shares of Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $135.35.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 42,719 shares of Airbnb stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the completion of the transaction, the director now owns 16,472 shares of the company’s stock, valued at $2,083,378.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Airbnb news, Director Joseph Gebbia sold 42,719 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total value of $5,403,099.12. Following the sale, the director now directly owns 16,472 shares in the company, valued at approximately $2,083,378.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $136.11, for a total value of $81,666.00. Following the completion of the sale, the chief technology officer now owns 192,844 shares in the company, valued at $26,247,996.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 406,171 shares of company stock valued at $50,208,253 over the last 90 days. 27.83% of the stock is owned by company insiders.

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.