Meeder Advisory Services Inc. Lowers Position in Airbnb, Inc. (NASDAQ:ABNB)

Meeder Advisory Services Inc. decreased its position in Airbnb, Inc. (NASDAQ:ABNB) by 6.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,545 shares of the company’s stock after selling 561 shares during the period. Meeder Advisory Services Inc.’s holdings in Airbnb were worth $957,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC raised its stake in shares of Airbnb by 61.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,812 shares of the company’s stock worth $5,743,000 after buying an additional 13,255 shares during the period. Seven Eight Capital LP purchased a new position in Airbnb during the first quarter valued at $696,000. Shell Asset Management Co. lifted its stake in Airbnb by 180.2% in the 1st quarter. Shell Asset Management Co. now owns 3,433 shares of the company’s stock valued at $566,000 after buying an additional 2,208 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in Airbnb in the 1st quarter worth about $461,000. Finally, EP Wealth Advisors LLC raised its holdings in shares of Airbnb by 8.0% during the first quarter. EP Wealth Advisors LLC now owns 2,160 shares of the company’s stock valued at $356,000 after acquiring an additional 160 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America reiterated 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. The Goldman Sachs Group dropped their target price on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Barclays raised their price target on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company raised their target price on shares of Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 8th. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $138.97.

Insider Activity

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $72,000.00. Following the completion of the sale, the chief technology officer now directly owns 195,844 shares of the company’s stock, valued at $23,501,280. The trade was a 0.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $27,692,280.00. Following the completion of the transaction, the chief executive officer now owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. The trade was a 1.70 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 417,206 shares of company stock worth $51,738,467. 27.83% of the stock is currently owned by company insiders.

Airbnb Price Performance

Airbnb stock opened at $131.44 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The firm has a market cap of $83.33 billion, a PE ratio of 46.12, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company’s 50 day moving average is $131.63 and its two-hundred day moving average is $136.06.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the business posted $2.39 earnings per share. On average, research analysts expect that Airbnb, Inc. will post 4.04 EPS for the current fiscal year.

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.