Ameritas Investment Partners Inc. Grows Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Ameritas Investment Partners Inc. increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,533 shares of the company’s stock after purchasing an additional 125 shares during the period. Ameritas Investment Partners Inc.’s holdings in Airbnb were worth $2,659,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ABNB. Transcendent Capital Group LLC acquired a new position in shares of Airbnb during the 1st quarter worth about $25,000. New Millennium Group LLC purchased a new stake in Airbnb during the second quarter worth approximately $28,000. Trust Co. of Vermont acquired a new position in Airbnb in the fourth quarter valued at approximately $27,000. Westend Capital Management LLC purchased a new position in Airbnb in the first quarter valued at approximately $33,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Airbnb during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

ABNB opened at $131.18 on Friday. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The stock has a market cap of $84.49 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.54 and a beta of 1.16. The stock’s 50 day simple moving average is $125.60 and its 200 day simple moving average is $144.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB) last posted its 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). The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. As a group, equities analysts anticipate that Airbnb, Inc. will post 4.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wells Fargo & Company dropped their target price on shares of Airbnb from $129.00 to $100.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Susquehanna dropped 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. UBS Group reduced their target price on Airbnb from $160.00 to $134.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Jefferies Financial Group decreased their target price on Airbnb from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, Benchmark reaffirmed a “buy” rating and set a $155.00 price target on shares of Airbnb in a research report on Monday, August 26th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $134.17.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $152.92, for a total value of $91,752.00. Following the sale, the chief technology officer now owns 208,174 shares of the company’s stock, valued at $31,833,968.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief technology officer now owns 208,174 shares of the company’s stock, valued at $31,833,968.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $145.88, for a total value of $145,880.00. Following the completion of the sale, the chief accounting officer now owns 44,043 shares in the company, valued at $6,424,992.84. The disclosure for this sale can be found here. In the last three months, insiders sold 685,451 shares of company stock worth $95,552,289. 27.83% of the stock is owned by corporate insiders.

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.