Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 40.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,106 shares of the company’s stock after buying an additional 2,335 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Airbnb were worth $1,229,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in Airbnb during the first quarter worth approximately $25,000. New Millennium Group LLC purchased a new position in shares of Airbnb during the 2nd quarter worth $28,000. Trust Co. of Vermont acquired a new position in shares of Airbnb during the 4th quarter valued at about $27,000. Westend Capital Management LLC purchased a new stake in shares of Airbnb in the first quarter valued at about $33,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Airbnb during the first quarter worth about $33,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $149.90, for a total value of $89,940.00. Following the completion of the sale, the chief technology officer now directly owns 209,974 shares of the company’s stock, valued at $31,475,102.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CAO David C. Bernstein sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were 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 $6,424,992.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $149.90, for a total transaction of $89,940.00. Following the sale, the chief technology officer now owns 209,974 shares of the company’s stock, valued at approximately $31,475,102.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 449,932 shares of company stock worth $67,352,949. 27.83% of the stock is currently owned by insiders.

Airbnb Price Performance

Airbnb stock opened at $117.75 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $128.14 and a 200-day simple moving average of $145.83. The stock has a market cap of $75.84 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 earnings per share. Equities analysts expect that Airbnb, Inc. will post 4.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. TD Cowen decreased their target price on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Robert W. Baird decreased their price objective on Airbnb from $140.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Jefferies Financial Group cut their target price on Airbnb from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Wedbush decreased their price target on Airbnb from $165.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $133.45.

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.