Proficio Capital Partners LLC Has $1.49 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Proficio Capital Partners LLC boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 45.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,761 shares of the company’s stock after acquiring an additional 3,691 shares during the quarter. Proficio Capital Partners LLC’s holdings in Airbnb were worth $1,491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ABNB. ProShare Advisors LLC raised its position in shares of Airbnb by 20.6% during the first quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock worth $80,644,000 after purchasing an additional 83,383 shares during the period. Shellback Capital LP acquired a new stake in Airbnb during the 2nd quarter worth approximately $22,744,000. Bradley Foster & Sargent Inc. CT lifted its stake in Airbnb by 1,231.3% in the second 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. J.W. Cole Advisors Inc. lifted its stake in Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after buying an additional 2,132 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Airbnb by 2.4% in the first quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after buying an additional 791,149 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Trading Down 8.7 %

Shares of ABNB stock opened at $134.61 on Friday. The stock has a market cap of $86.37 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year 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 stock has a 50 day simple moving average of $129.14 and a 200 day simple moving average of $137.56.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 230,769 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the sale, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Brian Chesky sold 230,769 shares of the company’s 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 $27,692,280.00. Following the completion of the sale, the chief executive officer now owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $750,000.00. Following the sale, the chief financial officer now owns 537,072 shares in the company, valued at $64,448,640. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 417,806 shares of company stock valued at $51,809,831 in the last three months. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ABNB shares. Wells Fargo & Company raised their price objective on shares of Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a report on Tuesday, October 8th. Barclays boosted their price target on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday. Cantor Fitzgerald reiterated an “underweight” rating and set a $94.00 price objective on shares of Airbnb in a report on Monday, October 7th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group upped their price target on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $139.26.

Airbnb 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.