82,395 Shares in Airbnb, Inc. $ABNB Acquired by North Star Asset Management Inc.

North Star Asset Management Inc. acquired a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 82,395 shares of the company’s stock, valued at approximately $11,791,000.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in shares of Airbnb during the second quarter worth $23,975,000. Ancora Advisors LLC bought a new stake in shares of Airbnb in the 2nd quarter valued at $44,000. MKA Charitable Fund acquired a new stake in Airbnb during the 2nd quarter worth $232,515,606,000. Madison Asset Management LLC acquired a new stake in Airbnb during the 2nd quarter worth $45,264,000. Finally, Flossbach Von Storch SE bought a new position in Airbnb during the second quarter worth about $6,680,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $184.40 on Friday. The company has a fifty day moving average price of $157.96 and a 200 day moving average price of $141.41. The firm has a market cap of $110.42 billion, a PE ratio of 41.91, a PEG ratio of 2.18 and a beta of 1.14. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $193.45.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.11. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The company’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. Research analysts predict that Airbnb, Inc. will post 5.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 294,903 shares of Airbnb stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $148.43, for a total value of $43,772,452.29. Following the sale, the director owned 2,622,452 shares of the company’s stock, valued at approximately $389,250,550.36. This trade represents a 10.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 531,000 shares of Airbnb stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $174.41, for a total value of $92,611,710.00. Following the completion of the sale, the insider directly owned 171,370 shares in the company, valued at approximately $29,888,641.70. This represents a 75.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 2,850,714 shares of company stock worth $445,952,309. 27.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ABNB shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $170.00 target price on shares of Airbnb in a research note on Friday, May 8th. UBS Group raised their price target on Airbnb from $163.00 to $172.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Cantor Fitzgerald boosted their price objective on Airbnb from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Phillip Securities lowered Airbnb from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, August 11th. Finally, Rodman & Renshaw began coverage on Airbnb in a research note on Monday, May 4th. They set a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Airbnb currently has an average rating of “Moderate Buy” and an average price target of $174.03.

About Airbnb

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.