MKA Charitable Fund Sells 30,288 Shares of Airbnb, Inc. (NASDAQ:ABNB)

MKA Charitable Fund decreased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,719,712 shares of the company’s stock after selling 30,288 shares during the period. Airbnb accounts for about 100.0% of MKA Charitable Fund’s holdings, making the stock its largest position. MKA Charitable Fund owned about 0.27% of Airbnb worth $260,760,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Napean Trading & Investment Co Singapore PTE Ltd grew its holdings in shares of Airbnb by 19.1% in the 2nd quarter. Napean Trading & Investment Co Singapore PTE Ltd now owns 39,788 shares of the company’s stock worth $6,033,000 after purchasing an additional 6,379 shares during the last quarter. Acadian Asset Management LLC raised its position in Airbnb by 88.4% in the 2nd quarter. Acadian Asset Management LLC now owns 366,162 shares of the company’s stock worth $55,507,000 after purchasing an additional 171,789 shares during the last quarter. Asset Dedication LLC increased its position in Airbnb by 7.6% in the second quarter. Asset Dedication LLC now owns 1,193 shares of the company’s stock worth $181,000 after purchasing an additional 84 shares during the period. Strategic Financial Concepts LLC bought a new stake in shares of Airbnb during the second quarter worth approximately $7,248,000. Finally, Stonebrook Private Inc. acquired a new position in shares of Airbnb in the 2nd quarter valued at $209,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $147.97, for a total value of $88,782.00. Following the transaction, the chief technology officer now directly owns 210,574 shares of the company’s stock, valued at $31,158,634.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $147.97, for a total value of $88,782.00. Following the sale, the chief technology officer now directly owns 210,574 shares of the company’s stock, valued at approximately $31,158,634.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 115,385 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $147.25, for a total transaction of $16,990,441.25. Following the completion of the sale, the chief executive officer now directly owns 14,145,072 shares in the company, valued at $2,082,861,852. The disclosure for this sale can be found here. In the last ninety days, insiders sold 612,907 shares of company stock worth $91,473,471. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Down 1.6 %

Shares of NASDAQ ABNB opened at $114.28 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $73.60 billion, a PE ratio of 15.30, a P/E/G ratio of 1.55 and a beta of 1.16. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The business’s fifty day moving average price is $131.77 and its 200-day moving average price is $147.02.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the prior year, the firm posted $0.98 EPS. Airbnb’s revenue was up 10.6% on a year-over-year basis. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.43 EPS for the current year.

Analyst Ratings Changes

ABNB has been the subject of several research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. The Goldman Sachs Group reduced their price objective on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Barclays cut their target price on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Truist Financial dropped their price objective on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Morgan Stanley increased their target price on Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. Five 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’s stock. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus price target of $134.48.

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.