Airbnb, Inc. $ABNB Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC trimmed its position in Airbnb, Inc. (NASDAQ:ABNB) by 18.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 538,265 shares of the company’s stock after selling 124,290 shares during the period. ProShare Advisors LLC owned 0.09% of Airbnb worth $65,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caxton Associates LLP acquired a new position in shares of Airbnb in the first quarter valued at about $258,000. Intech Investment Management LLC raised its holdings in shares of Airbnb by 55.8% during the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock worth $1,453,000 after purchasing an additional 4,353 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of Airbnb by 18.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock valued at $776,000 after buying an additional 927 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Airbnb by 4.3% in the 2nd quarter. IFP Advisors Inc now owns 2,398 shares of the company’s stock valued at $317,000 after buying an additional 99 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Airbnb by 140.6% in the second quarter. Blue Trust Inc. now owns 1,364 shares of the company’s stock worth $181,000 after buying an additional 797 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 0.7%

Shares of NASDAQ:ABNB opened at $121.31 on Tuesday. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The company has a market cap of $74.67 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.89 and a beta of 1.15. The firm’s 50-day simple moving average is $131.38 and its 200-day simple moving average is $126.67.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction on Monday, January 26th. The stock was sold at an average price of $133.28, for a total transaction of $7,730,240.00. Following the completion of the transaction, the director owned 460,015 shares of the company’s stock, valued at $61,310,799.20. The trade was a 11.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Elinor Mertz sold 3,750 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $130.00, for a total value of $487,500.00. Following the sale, the chief financial officer owned 410,530 shares in the company, valued at approximately $53,368,900. This trade represents a 0.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 970,022 shares of company stock worth $120,106,336 over the last ninety days. 27.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ABNB has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Airbnb from $147.00 to $149.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Jefferies Financial Group lifted their target price on shares of Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. KeyCorp started coverage on Airbnb in a research report on Thursday, October 23rd. They set a “sector weight” rating on the stock. BTIG Research reissued a “neutral” rating on shares of Airbnb in a research report on Friday, November 7th. Finally, Barclays set a $120.00 price target on shares of Airbnb and gave the company an “equal weight” rating in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nineteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Airbnb presently has a consensus rating of “Hold” and an average target price of $148.85.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.