Prime Capital Investment Advisors LLC Sells 125 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Prime Capital Investment Advisors LLC lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,853 shares of the company’s stock after selling 125 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Airbnb were worth $615,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Shellback Capital LP bought a new position in Airbnb in the second quarter valued at $22,744,000. J.W. Cole Advisors Inc. increased its position in shares of Airbnb by 86.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after purchasing an additional 2,132 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its holdings in shares of Airbnb by 1,231.3% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock valued at $3,145,000 after buying an additional 19,183 shares in the last quarter. Vanguard Group Inc. lifted its position in Airbnb by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock worth $5,662,164,000 after buying an additional 791,149 shares during the last quarter. Finally, Plato Investment Management Ltd boosted its stake in Airbnb by 2.7% in the second quarter. Plato Investment Management Ltd now owns 13,493 shares of the company’s stock worth $2,046,000 after buying an additional 358 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the transaction, the chief executive officer now directly owns 13,315,912 shares in the company, valued at $1,597,909,440. This represents a 1.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the transaction, the chief technology officer now directly owns 198,244 shares in the company, valued at approximately $23,579,141.36. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 417,806 shares of company stock valued at $51,809,831 over the last quarter. 27.83% of the stock is owned by corporate insiders.

Airbnb Price Performance

Shares of ABNB stock opened at $132.50 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a 50 day moving average price of $130.99 and a 200 day moving average price of $136.73. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The firm has a market capitalization of $85.01 billion, a P/E ratio of 46.49, a P/E/G ratio of 1.87 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion during 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 company posted $2.39 earnings per share. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.04 earnings per share for the current year.

Analysts Set New Price Targets

ABNB has been the topic of several research reports. Cantor Fitzgerald reissued an “underweight” rating and set a $94.00 price target on shares of Airbnb in a research note on Monday, October 7th. The Goldman Sachs Group cut their target price on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Wedbush increased their target price on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Bank of America reissued a “hold” rating and set a $142.00 price target (up from $132.00) on shares of Airbnb in a research report on Friday, October 11th. Six equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $139.31.

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.