Bank of Nova Scotia Acquires 864 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Bank of Nova Scotia grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNBGet Rating) by 13.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,205 shares of the company’s stock after purchasing an additional 864 shares during the period. Bank of Nova Scotia’s holdings in Airbnb were worth $642,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. ING Groep NV increased its position in shares of Airbnb by 224.9% in the second quarter. ING Groep NV now owns 22,299 shares of the company’s stock valued at $1,986,000 after acquiring an additional 15,435 shares during the last quarter. Edge Capital Group LLC raised its stake in shares of Airbnb by 56.3% during the 2nd quarter. Edge Capital Group LLC now owns 6,996 shares of the company’s stock worth $623,000 after purchasing an additional 2,520 shares in the last quarter. Keybank National Association OH boosted its holdings in shares of Airbnb by 1.2% in the 2nd quarter. Keybank National Association OH now owns 87,424 shares of the company’s stock valued at $7,788,000 after buying an additional 999 shares during the last quarter. Banque Pictet & Cie SA grew its stake in shares of Airbnb by 132.0% in the second quarter. Banque Pictet & Cie SA now owns 80,453 shares of the company’s stock valued at $7,167,000 after buying an additional 45,775 shares in the last quarter. Finally, Barings LLC acquired a new position in Airbnb during the second quarter worth $250,000. 39.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 22,597 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $114.22, for a total value of $2,581,029.34. Following the transaction, the director now directly owns 127,050 shares in the company, valued at $14,511,651. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Joseph Gebbia sold 22,597 shares of the company’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $114.22, for a total value of $2,581,029.34. Following the completion of the sale, the director now directly owns 127,050 shares in the company, valued at approximately $14,511,651. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey D. Jordan sold 3,000 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $120.09, for a total value of $360,270.00. Following the completion of the transaction, the director now directly owns 282,646 shares in the company, valued at $33,942,958.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 827,337 shares of company stock worth $93,688,275. 32.69% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ABNB shares. Canaccord Genuity Group cut their target price on shares of Airbnb from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. DA Davidson reduced their price objective on Airbnb from $210.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. Royal Bank of Canada lowered their target price on shares of Airbnb from $175.00 to $115.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 3rd. Robert W. Baird dropped their price objective on Airbnb from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 2nd. Finally, Wells Fargo & Company cut their target price on Airbnb from $185.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 2nd. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $144.33.

Airbnb Trading Down 1.5 %

Airbnb stock opened at $97.77 on Monday. Airbnb, Inc. has a 52-week low of $86.71 and a 52-week high of $199.36. The company has a market cap of $62.81 billion, a P/E ratio of 40.74, a P/E/G ratio of 1.83 and a beta of 0.99. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $109.67 and a two-hundred day simple moving average of $110.49.

About Airbnb

(Get Rating)

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.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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