Thrivent Financial for Lutherans Sells 548 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Thrivent Financial for Lutherans lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,181 shares of the company’s stock after selling 548 shares during the period. Thrivent Financial for Lutherans’ holdings in Airbnb were worth $2,432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of ABNB. Legal & General Group Plc raised its position in Airbnb by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after buying an additional 153,784 shares during the last quarter. Farallon Capital Management LLC boosted its stake in Airbnb by 5.8% in the 2nd quarter. Farallon Capital Management LLC now owns 1,701,000 shares of the company’s stock valued at $257,923,000 after purchasing an additional 92,780 shares during the period. Assenagon Asset Management S.A. boosted its stake in Airbnb by 19,052.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock valued at $256,784,000 after purchasing an additional 1,684,646 shares during the period. Swedbank AB lifted its position in shares of Airbnb by 8.1% during the 2nd quarter. Swedbank AB now owns 1,150,371 shares of the company’s stock valued at $174,431,000 after acquiring an additional 86,502 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Airbnb by 19,430.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock valued at $1,419,610,000 after acquiring an additional 1,113,747 shares during the period. Institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $72,000.00. Following the sale, the chief technology officer now owns 195,844 shares of the company’s stock, valued at approximately $23,501,280. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 718,017 shares of company stock valued at $91,842,052. 27.83% of the stock is owned by corporate insiders.

Airbnb Stock Down 1.0 %

ABNB opened at $138.28 on Thursday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a market cap of $87.67 billion, a P/E ratio of 48.52, a P/E/G ratio of 2.00 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average price is $133.86 and its 200-day moving average price is $135.47.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the firm posted $2.39 earnings per share. On average, equities analysts expect that Airbnb, Inc. will post 4.02 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on ABNB. Wells Fargo & Company boosted their price target on Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a report on Tuesday, October 8th. Sanford C. Bernstein cut their target price on Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 17th. DA Davidson increased their price target on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Piper Sandler increased their price objective on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Mizuho decreased their price target on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. Six analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $138.97.

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.