Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co decreased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,761 shares of the company’s stock after selling 117 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Airbnb were worth $6,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ABNB. Joel Isaacson & Co. LLC increased its position in shares of Airbnb by 2.3% in the 1st quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock valued at $493,000 after acquiring an additional 67 shares during the period. Miracle Mile Advisors LLC grew its stake in Airbnb by 0.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock valued at $1,541,000 after purchasing an additional 68 shares during the last quarter. Farrow Financial Inc. increased its holdings in shares of Airbnb by 1.0% in the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock valued at $1,087,000 after purchasing an additional 69 shares during the period. Heritage Wealth Advisors raised its stake in shares of Airbnb by 55.0% in the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock worth $33,000 after purchasing an additional 71 shares during the last quarter. Finally, GYL Financial Synergies LLC boosted its position in Airbnb by 5.0% in the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Trading Up 0.2 %

Shares of ABNB stock opened at $122.42 on Thursday. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. 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 stock’s fifty day moving average is $126.26 and its two-hundred day moving average is $145.03. The firm has a market capitalization of $78.84 billion, a P/E ratio of 16.39, a PEG ratio of 1.54 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results 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). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The business’s quarterly revenue was up 10.6% on a year-over-year basis. Research analysts expect that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Sanford C. Bernstein reduced their price target on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday. TD Cowen reduced their target price on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Argus lowered shares of Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $134.17.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $152.92, for a total value of $91,752.00. Following the completion of the sale, the chief technology officer now directly owns 208,174 shares in the company, valued at $31,833,968.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $152.92, for a total transaction of $91,752.00. Following the transaction, the chief technology officer now owns 208,174 shares of the company’s stock, valued at approximately $31,833,968.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph Gebbia sold 1,500 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $150.00, for a total transaction of $225,000.00. Following the completion of the sale, the director now directly owns 42,087 shares of the company’s stock, valued at approximately $6,313,050. The disclosure for this sale can be found here. Insiders have sold 449,332 shares of company stock valued at $67,263,009 in the last ninety days. 27.83% of the stock is currently owned by corporate insiders.

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.