Sienna Gestion Trims Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Sienna Gestion lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 97.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,254 shares of the company’s stock after selling 48,518 shares during the period. Sienna Gestion’s holdings in Airbnb were worth $190,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. 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 worth $493,000 after purchasing an additional 67 shares during the last quarter. Miracle Mile Advisors LLC raised its stake in Airbnb by 0.7% during the first quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock valued at $1,541,000 after buying an additional 68 shares in the last quarter. Farrow Financial Inc. lifted its holdings in Airbnb by 1.0% during the 2nd quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after buying an additional 69 shares during the last quarter. Heritage Wealth Advisors grew its position in shares of Airbnb by 55.0% in the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock worth $33,000 after acquiring an additional 71 shares in the last quarter. Finally, GYL Financial Synergies LLC increased its holdings in shares of Airbnb by 5.0% in the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after acquiring an additional 76 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 5,442 shares of the company’s stock in a transaction 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 transaction, the director now owns 42,087 shares of the company’s stock, valued at $6,313,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $148.97, for a total value of $89,382.00. Following the completion of the transaction, the chief technology officer now owns 209,374 shares in the company, valued at approximately $31,190,444.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 5,442 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $150.00, for a total value of $816,300.00. Following the sale, the director now owns 42,087 shares in the company, valued at approximately $6,313,050. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 685,451 shares of company stock worth $95,552,289. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Up 5.2 %

Shares of ABNB stock opened at $128.75 on Friday. The stock has a 50-day simple moving average of $126.26 and a 200 day simple moving average of $145.03. The stock has a market capitalization of $82.92 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.54 and a beta of 1.16. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25.

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

Analysts Set New Price Targets

ABNB has been the subject of a number of research reports. Benchmark reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a report on Monday, August 26th. Mizuho lowered their price objective on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley upped their target price on Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $134.17.

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.