Miracle Mile Advisors LLC Has $764,000 Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Posted by Defense World Staff on Mar 31st, 2023

Miracle Mile Advisors LLC decreased its holdings in Airbnb, Inc. (NASDAQ:ABNB – Get Rating) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,940 shares of the company’s stock after selling 200 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Airbnb were worth $764,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ABNB. American National Bank lifted its position in Airbnb by 886.7% in the 4th quarter. American National Bank now owns 296 shares of the company’s stock valued at $25,000 after acquiring an additional 266 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. lifted its position in Airbnb by 65.8% in the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 378 shares of the company’s stock valued at $33,000 after acquiring an additional 150 shares in the last quarter. TCI Wealth Advisors Inc. lifted its position in Airbnb by 96.2% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 357 shares of the company’s stock valued at $37,000 after acquiring an additional 175 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Airbnb by 144.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 432 shares of the company’s stock valued at $38,000 after acquiring an additional 255 shares in the last quarter. Finally, Psagot Value Holdings Ltd. Israel bought a new position in Airbnb in the 3rd quarter valued at about $38,000. Institutional investors own 39.02% of the company’s stock.

Airbnb Stock Up 2.9 %

ABNB opened at $122.28 on Friday. The company has a fifty day moving average price of $118.81 and a 200-day moving average price of $107.68. The firm has a market capitalization of $78.32 billion, a P/E ratio of 43.67, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.86 and a quick ratio of 1.86. Airbnb, Inc. has a one year low of $81.91 and a one year high of $179.09.

Airbnb (NASDAQ:ABNB – Get Rating) last posted its quarterly earnings data on Tuesday, February 14th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.21. Airbnb had a net margin of 22.54% and a return on equity of 35.92%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm posted $0.08 EPS. The firm’s revenue was up 24.2% compared to the same quarter last year. Equities research analysts expect that Airbnb, Inc. will post 3.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Cowen raised their price target on shares of Airbnb from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, February 15th. Wells Fargo & Company lifted their target price on shares of Airbnb from $130.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 15th. TheStreet raised shares of Airbnb from a “d+” rating to a “c” rating in a research report on Wednesday, February 15th. Canaccord Genuity Group lifted their target price on shares of Airbnb from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, February 15th. Finally, Evercore ISI lifted their target price on shares of Airbnb from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 15th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Airbnb has a consensus rating of “Hold” and an average price target of $141.27.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 1,250,000 shares of Airbnb stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $124.06, for a total transaction of $155,075,000.00. Following the completion of the sale, the director now directly owns 8,250,102 shares of the company’s stock, valued at approximately $1,023,507,654.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Airbnb news, Director Joseph Gebbia sold 1,250,000 shares of the business’s stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $124.06, for a total value of $155,075,000.00. Following the completion of the sale, the director now directly owns 8,250,102 shares of the company’s stock, valued at $1,023,507,654.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey D. Jordan sold 12,000 shares of the business’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $120.00, for a total transaction of $1,440,000.00. Following the completion of the sale, the director now directly owns 267,646 shares of the company’s stock, valued at $32,117,520. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,056,035 shares of company stock valued at $256,099,788. Insiders own 32.69% of the company’s stock.

About Airbnb

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Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.