Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Swedbank AB

Swedbank AB decreased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 24.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 863,907 shares of the company’s stock after selling 286,464 shares during the quarter. Swedbank AB owned approximately 0.13% of Airbnb worth $109,552,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ABNB. New Millennium Group LLC acquired a new position in Airbnb during the 2nd quarter worth $28,000. Pathway Financial Advisers LLC acquired a new position in Airbnb in the first quarter worth about $33,000. Cultivar Capital Inc. bought a new stake in Airbnb in the second quarter valued at about $30,000. Northwest Investment Counselors LLC acquired a new stake in Airbnb during the third quarter valued at approximately $25,000. Finally, Hollencrest Capital Management lifted its holdings in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian Chesky sold 230,769 shares of Airbnb stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the completion of the transaction, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 641,094 shares of company stock worth $81,077,447. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Up 3.1 %

Shares of ABNB stock opened at $137.34 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market cap of $87.07 billion, a PE ratio of 48.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.15. The business’s fifty day moving average is $132.73 and its 200-day moving average is $135.54. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the firm posted $2.39 earnings per share. Equities analysts expect that Airbnb, Inc. will post 4.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ABNB. Sanford C. Bernstein lowered their price target on Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, September 17th. Phillip Securities reiterated a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. DA Davidson increased their target price on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Robert W. Baird lifted their price target on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Bank of America reiterated a “hold” rating and set a $142.00 price objective (up previously from $132.00) on shares of Airbnb in a research note on Friday, October 11th. Six research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $138.97.

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.