Rockefeller Capital Management L.P. reduced its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 25.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 87,610 shares of the company's stock after selling 29,809 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Airbnb were worth $11,133,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of ABNB. Edgewood Management LLC boosted its holdings in shares of Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company's stock worth $1,722,388,000 after purchasing an additional 1,143,464 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company's stock valued at $537,872,000 after acquiring an additional 4,172,985 shares during the period. Legal & General Group Plc grew its position in Airbnb by 4.7% in the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company's stock worth $519,044,000 after acquiring an additional 153,784 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Airbnb by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company's stock valued at $343,185,000 after buying an additional 52,358 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Airbnb by 3.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company's stock worth $299,272,000 after buying an additional 80,610 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.
In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $72,000.00. Following the completion of the transaction, the chief technology officer now directly owns 195,844 shares in the company, valued at approximately $23,501,280. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $750,000.00. Following the transaction, the chief financial officer now directly owns 537,072 shares in the company, valued at approximately $64,448,640. This trade represents a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 718,017 shares of company stock worth $91,842,052. Insiders own 27.83% of the company's stock.
Shares of ABNB stock opened at $137.49 on Tuesday. The stock's fifty day simple moving average is $134.15 and its 200-day simple moving average is $135.25. 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 1-year low of $110.38 and a 1-year high of $170.10. The company has a market capitalization of $87.16 billion, a price-to-earnings ratio of 48.24, a P/E/G ratio of 1.93 and a beta of 1.13.
Airbnb (NASDAQ:ABNB - Get Free Report) last released its 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). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the company earned $2.39 EPS. On average, sell-side analysts predict that Airbnb, Inc. will post 4.02 earnings per share for the current fiscal year.
ABNB has been the subject of several research analyst reports. Barclays upped their price target on shares of Airbnb from $100.00 to $110.00 and gave the stock an "underweight" rating in a research report on Friday, November 8th. Citigroup increased their price target on shares of Airbnb from $135.00 to $158.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Bank of America reaffirmed a "hold" rating and issued a $142.00 price target (up from $132.00) on shares of Airbnb in a report on Friday, October 11th. Royal Bank of Canada reduced their target price on shares of Airbnb from $150.00 to $120.00 and set a "sector perform" rating for the company in a report on Wednesday, August 7th. Finally, DA Davidson boosted their target price on shares of Airbnb from $125.00 to $131.00 and gave the stock a "neutral" rating in a research report on Monday, November 18th. Six investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Airbnb has an average rating of "Hold" and an average target price of $138.97.
Get Our Latest Report on ABNB
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.
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