Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by STF Management LP

STF Management LP reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,042 shares of the company’s stock after selling 325 shares during the period. STF Management LP’s holdings in Airbnb were worth $1,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ABNB. Dimensional Fund Advisors LP raised its position in Airbnb by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 694,090 shares of the company’s stock valued at $94,497,000 after acquiring an additional 48,348 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Airbnb by 40.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,684 shares of the company’s stock worth $502,000 after purchasing an additional 1,059 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Airbnb by 45.0% during the 4th quarter. Quadrant Capital Group LLC now owns 912 shares of the company’s stock valued at $124,000 after purchasing an additional 283 shares in the last quarter. Independent Advisor Alliance lifted its stake in shares of Airbnb by 6.2% in the 4th quarter. Independent Advisor Alliance now owns 6,188 shares of the company’s stock valued at $842,000 after purchasing an additional 363 shares during the period. Finally, ING Groep NV boosted its holdings in Airbnb by 241.8% during the fourth quarter. ING Groep NV now owns 9,563 shares of the company’s stock worth $1,302,000 after buying an additional 6,765 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Up 0.3 %

Shares of NASDAQ ABNB opened at $117.75 on Monday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a market capitalization of $75.84 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a 50 day simple moving average of $128.14 and a 200-day simple moving average of $145.73. 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 (EPS) 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 business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the business earned $0.98 EPS. Airbnb’s revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts predict that Airbnb, Inc. will post 4.39 earnings per share for the current year.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of recent analyst reports. Truist Financial cut their price objective on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. JPMorgan Chase & Co. cut their price target on Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Piper Sandler lowered their price target on Airbnb from $155.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Mizuho cut their price objective on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Barclays decreased their target price on Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average price target of $133.45.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $149.90, for a total value of $89,940.00. Following the transaction, the chief technology officer now owns 209,974 shares of the company’s stock, valued at $31,475,102.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Airbnb news, Director Joseph Gebbia sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $150.00, for a total value of $225,000.00. Following the sale, the director now owns 42,087 shares of the company’s stock, valued at $6,313,050. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $149.90, for a total value of $89,940.00. Following the transaction, the chief technology officer now owns 209,974 shares in the company, valued at $31,475,102.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 449,932 shares of company stock valued at $67,352,949. 27.83% of the stock is currently owned by insiders.

About Airbnb

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.