Mn Services Vermogensbeheer B.V. Trims Position in Airbnb, Inc. $ABNB

Mn Services Vermogensbeheer B.V. decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 51.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,300 shares of the company’s stock after selling 85,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Airbnb were worth $9,629,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Fort Washington Investment Advisors Inc. OH grew its position in Airbnb by 3.5% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 962,551 shares of the company’s stock valued at $116,873,000 after buying an additional 32,501 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Airbnb by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock worth $387,186,000 after acquiring an additional 31,120 shares during the period. Cerity Partners LLC boosted its holdings in shares of Airbnb by 18.1% in the third quarter. Cerity Partners LLC now owns 364,824 shares of the company’s stock valued at $44,297,000 after acquiring an additional 55,838 shares in the last quarter. Abacus FCF Advisors LLC increased its stake in shares of Airbnb by 7.8% during the third quarter. Abacus FCF Advisors LLC now owns 135,577 shares of the company’s stock worth $16,462,000 after acquiring an additional 9,864 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Airbnb by 5.7% during the second quarter. Nomura Asset Management Co. Ltd. now owns 159,676 shares of the company’s stock worth $21,132,000 after purchasing an additional 8,605 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 2,565 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $134.79, for a total transaction of $345,736.35. Following the completion of the transaction, the chief technology officer directly owned 165,086 shares of the company’s stock, valued at $22,251,941.94. This trade represents a 1.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian Chesky sold 51,230 shares of Airbnb stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80. Following the transaction, the chief executive officer owned 45,854 shares of the company’s stock, valued at $6,014,210.64. This represents a 52.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,152,372 shares of company stock valued at $141,414,638 over the last three months. Company insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ABNB. UBS Group set a $130.00 price objective on Airbnb in a report on Tuesday, January 13th. Mizuho set a $156.00 price target on Airbnb in a research note on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Airbnb in a research report on Wednesday. KeyCorp assumed coverage on shares of Airbnb in a research report on Thursday, October 23rd. They set a “sector weight” rating on the stock. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Airbnb in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Airbnb has an average rating of “Hold” and an average price target of $147.84.

Airbnb Stock Performance

Airbnb stock opened at $132.15 on Monday. The firm has a market capitalization of $81.34 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The stock’s fifty day moving average is $128.86 and its two-hundred day moving average is $127.52.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.Airbnb’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.13 earnings per share. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Airbnb Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.