MidWestOne Financial Group Inc. Has $271,000 Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

MidWestOne Financial Group Inc. trimmed its position in Airbnb, Inc. (NASDAQ:ABNB) by 54.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,786 shares of the company’s stock after selling 2,109 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Airbnb were worth $271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ABNB. Jennison Associates LLC boosted its holdings in Airbnb by 57.9% during the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock worth $1,753,860,000 after buying an additional 3,899,179 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Airbnb by 158.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock worth $958,279,000 after buying an additional 3,558,178 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Airbnb by 19,052.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock worth $256,784,000 after buying an additional 1,684,646 shares during the last quarter. Farallon Capital Management LLC bought a new position in Airbnb during the first quarter worth about $265,292,000. Finally, Swedbank AB bought a new position in Airbnb during the first quarter worth about $175,496,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’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 transaction of $91,752.00. Following the transaction, the chief technology officer now directly owns 208,174 shares of the company’s stock, valued at approximately $31,833,968.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Brian Chesky sold 230,769 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the transaction, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at $1,597,909,440. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $152.92, for a total transaction of $91,752.00. Following the completion of the sale, the chief technology officer now owns 208,174 shares of the company’s stock, valued at approximately $31,833,968.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 552,989 shares of company stock valued at $75,824,030. 27.83% of the stock is owned by insiders.

Airbnb Stock Down 0.8 %

NASDAQ:ABNB opened at $128.25 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $82.60 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.16. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The stock’s 50 day moving average price is $123.75 and its two-hundred day moving average price is $143.42.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The business had revenue of $2.75 billion for 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 firm’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Equities research analysts expect that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ABNB. UBS Group reduced their target price on Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Truist Financial reduced their target price on Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Cantor Fitzgerald restated an “underweight” rating and set a $94.00 target price on shares of Airbnb in a report on Monday, September 23rd. Susquehanna cut their price objective on Airbnb from $180.00 to $130.00 and set a “positive” rating on the stock in a report on Wednesday, August 7th. Finally, Royal Bank of Canada cut their price objective on Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $134.16.

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.