Airbnb, Inc. (NASDAQ:ABNB) Holdings Reduced by Strategic Advisors LLC

Strategic Advisors LLC cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,273 shares of the company’s stock after selling 170 shares during the period. Strategic Advisors LLC’s holdings in Airbnb were worth $1,430,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ABNB. Jennison Associates LLC boosted its stake in Airbnb by 57.9% during the 1st quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock worth $1,753,860,000 after acquiring an additional 3,899,179 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Airbnb by 158.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after purchasing an additional 3,558,178 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings 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 buying an additional 1,684,646 shares during the last quarter. Farallon Capital Management LLC bought a new position in Airbnb during the 1st quarter worth approximately $265,292,000. Finally, Swedbank AB bought a new stake in shares of Airbnb in the 1st quarter valued at $175,496,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on shares of Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a report on Tuesday. Truist Financial lowered their target price on Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft dropped their price target on Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Piper Sandler lowered their target price on Airbnb from $155.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $134.23.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $148.47, for a total transaction of $89,082.00. Following the completion of the sale, the chief technology officer now directly owns 207,574 shares of the company’s stock, valued at approximately $30,818,511.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the 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 transaction, the chief accounting officer now directly owns 44,043 shares in the company, valued at approximately $6,424,992.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $148.47, for a total value of $89,082.00. Following the completion of the transaction, the chief technology officer now owns 207,574 shares in the company, valued at approximately $30,818,511.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 562,896 shares of company stock valued at $74,184,724 in the last 90 days. 27.83% of the stock is currently owned by company insiders.

Airbnb Stock Down 1.3 %

NASDAQ:ABNB traded down $1.73 during trading hours on Thursday, reaching $133.76. The company’s stock had a trading volume of 1,453,842 shares, compared to its average volume of 4,483,901. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $86.15 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. The stock has a 50 day moving average price of $121.54 and a two-hundred day moving average price of $141.43.

Airbnb (NASDAQ:ABNB) last announced 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 company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the business earned $0.98 earnings per share. Airbnb’s revenue was up 10.6% on a year-over-year basis. Equities analysts predict that Airbnb, Inc. will post 4.39 EPS for the current fiscal year.

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.