Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 22.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,673 shares of the company’s stock after selling 38,264 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Airbnb were worth $19,625,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. boosted its stake in shares of Airbnb by 73.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock worth $57,000 after purchasing an additional 159 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Airbnb by 3.7% in the second quarter. Oppenheimer & Co. Inc. now owns 30,474 shares of the company’s stock worth $4,621,000 after acquiring an additional 1,099 shares during the last quarter. Thornburg Investment Management Inc. acquired a new stake in shares of Airbnb in the second quarter worth approximately $1,322,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Airbnb in the second quarter worth approximately $60,240,000. Finally, Daiwa Securities Group Inc. boosted its position in shares of Airbnb by 10.6% in the second quarter. Daiwa Securities Group Inc. now owns 73,401 shares of the company’s stock worth $11,130,000 after acquiring an additional 7,012 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Performance

Shares of ABNB opened at $117.75 on Monday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a market cap of $75.84 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a fifty day moving average of $128.14 and a 200-day moving average of $145.73.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 EPS. As a group, equities analysts anticipate that Airbnb, Inc. will post 4.39 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 115,385 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $148.68, for a total value of $17,155,441.80. Following the completion of the sale, the chief executive officer now owns 14,029,687 shares of the company’s stock, valued at $2,085,933,863.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Brian Chesky sold 115,385 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $148.68, for a total value of $17,155,441.80. Following the completion of the sale, the chief executive officer now owns 14,029,687 shares of the company’s stock, valued at $2,085,933,863.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $145.88, for a total transaction of $145,880.00. Following the completion of the sale, the chief accounting officer now directly owns 44,043 shares of the company’s stock, valued at approximately $6,424,992.84. The disclosure for this sale can be found here. Insiders sold 449,932 shares of company stock valued at $67,352,949 over the last 90 days. 27.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ABNB shares. B. Riley decreased their target price on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Cantor Fitzgerald started coverage on shares of Airbnb in a research report on Thursday, September 5th. They issued an “underweight” rating and a $94.00 target price on the stock. Mizuho decreased their target price on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday. Royal Bank of Canada cut their price target on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, UBS Group cut their price target on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $133.45.

About Airbnb

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.