Airbnb, Inc. $ABNB Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.3% in the second quarter, Holdings Channel reports. The firm owned 139,884 shares of the company’s stock after selling 4,832 shares during the period. Blair William & Co. IL’s holdings in Airbnb were worth $18,512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Kentucky Trust Co purchased a new stake in shares of Airbnb during the second quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 83 shares in the last quarter. Stonebridge Financial Group LLC increased its stake in shares of Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock worth $29,000 after purchasing an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its stake in shares of Airbnb by 209.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock worth $31,000 after purchasing an additional 174 shares in the last quarter. Finally, Armstrong Advisory Group Inc. increased its stake in shares of Airbnb by 363.6% during the second quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In related news, Director Joseph Gebbia sold 236,000 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $138.83, for a total transaction of $32,763,880.00. Following the sale, the director directly owned 472,015 shares of the company’s stock, valued at $65,529,842.45. This represents a 33.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 2,246 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total transaction of $281,199.20. Following the sale, the insider directly owned 182,514 shares in the company, valued at approximately $22,850,752.80. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,430,876 shares of company stock valued at $182,694,292. Corporate insiders own 27.91% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wedbush cut their target price on shares of Airbnb from $135.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Morgan Stanley dropped their price objective on shares of Airbnb from $130.00 to $120.00 and set an “underweight” rating for the company in a research note on Thursday, August 7th. Truist Financial decreased their target price on shares of Airbnb from $106.00 to $104.00 and set a “sell” rating on the stock in a research note on Wednesday, September 3rd. Jefferies Financial Group lowered their target price on Airbnb from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Finally, Royal Bank Of Canada lifted their price objective on Airbnb from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $141.81.

Airbnb Stock Down 1.6%

Shares of NASDAQ ABNB opened at $118.19 on Friday. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The business’s 50 day moving average is $124.34 and its two-hundred day moving average is $127.27. The firm has a market cap of $73.45 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 2.19 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.92 by $0.11. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the business posted $0.86 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts anticipate that Airbnb, Inc. will post 4.31 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.