Profund Advisors LLC Boosts Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Profund Advisors LLC grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 10.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,788 shares of the company’s stock after purchasing an additional 6,110 shares during the period. Profund Advisors LLC’s holdings in Airbnb were worth $9,975,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Coldstream Capital Management Inc. boosted its holdings in shares of Airbnb by 27.3% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,011 shares of the company’s stock worth $274,000 after acquiring an additional 431 shares during the period. Quest Partners LLC bought a new stake in shares of Airbnb during the fourth quarter valued at about $251,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Airbnb by 44.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,148 shares of the company’s stock worth $156,000 after buying an additional 354 shares in the last quarter. Commerce Bank boosted its position in shares of Airbnb by 20.6% in the fourth quarter. Commerce Bank now owns 21,055 shares of the company’s stock valued at $2,866,000 after acquiring an additional 3,595 shares during the period. Finally, FineMark National Bank & Trust grew its stake in Airbnb by 6.7% during the fourth quarter. FineMark National Bank & Trust now owns 3,194 shares of the company’s stock valued at $435,000 after acquiring an additional 200 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $131.18 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $125.60 and a 200-day moving average price of $144.73. The company has a market cap of $84.49 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last released 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). 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 quarter last year, the business posted $0.98 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, equities analysts anticipate that Airbnb, Inc. will post 4.39 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the topic of several recent analyst reports. Wedbush lowered their target price on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company dropped their price objective on Airbnb from $129.00 to $100.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Truist Financial decreased their target price on Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Piper Sandler dropped their price target on Airbnb from $155.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Bank of America decreased their price objective on shares of Airbnb from $160.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $134.17.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 5,442 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $150.00, for a total transaction of $816,300.00. Following the transaction, the director now directly owns 42,087 shares of the company’s stock, valued at approximately $6,313,050. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $145.88, for a total transaction of $145,880.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 5,442 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $150.00, for a total value of $816,300.00. Following the completion of the transaction, 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 a total of 685,451 shares of company stock worth $95,552,289 over the last quarter. Corporate insiders own 27.83% of the company’s stock.

Airbnb 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.