Pathway Financial Advisers LLC increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 12,581.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 25,362 shares of the company's stock after purchasing an additional 25,162 shares during the quarter. Pathway Financial Advisers LLC's holdings in Airbnb were worth $3,216,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in shares of Airbnb in the first quarter valued at $25,000. New Millennium Group LLC bought a new position in Airbnb during the 2nd quarter valued at about $28,000. Heritage Wealth Advisors raised its position in Airbnb by 55.0% in the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company's stock worth $33,000 after purchasing an additional 71 shares during the period. Cultivar Capital Inc. bought a new stake in Airbnb in the second quarter worth about $30,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Airbnb during the third quarter valued at approximately $25,000. Hedge funds and other institutional investors own 80.76% of the company's stock.
In related news, Director Joseph Gebbia sold 42,719 shares of Airbnb stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the completion of the sale, the director now owns 16,472 shares in the company, valued at approximately $2,083,378.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 value of $750,000.00. Following the completion of the transaction, the chief financial officer now owns 537,072 shares in the company, valued at approximately $64,448,640. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 42,719 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the sale, the director now owns 16,472 shares in the company, valued at approximately $2,083,378.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 406,171 shares of company stock valued at $50,208,253. Company insiders own 27.83% of the company's stock.
A number of brokerages recently issued reports on ABNB. Barclays decreased their price target on Airbnb from $110.00 to $100.00 and set an "underweight" rating for the company in a research note on Wednesday, August 7th. JPMorgan Chase & Co. cut their price target on shares of Airbnb from $145.00 to $121.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. B. Riley decreased their price objective on shares of Airbnb from $150.00 to $140.00 and set a "neutral" rating for the company in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Airbnb from $143.00 to $90.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Finally, Benchmark reaffirmed a "buy" rating and set a $155.00 target price on shares of Airbnb in a research report on Monday, August 26th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $135.35.