Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Shaker Investments LLC OH

Shaker Investments LLC OH cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,298 shares of the company’s stock after selling 167 shares during the quarter. Shaker Investments LLC OH’s holdings in Airbnb were worth $2,016,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. New Millennium Group LLC acquired a new stake in shares of Airbnb in the 2nd quarter valued at $28,000. Raymond James Trust N.A. grew its position in shares of Airbnb by 26.3% in the 2nd quarter. Raymond James Trust N.A. now owns 5,841 shares of the company’s stock valued at $886,000 after buying an additional 1,217 shares during the last quarter. Highland Capital Management LLC grew its position in Airbnb by 1.5% during the 2nd quarter. Highland Capital Management LLC now owns 29,634 shares of the company’s stock worth $4,493,000 after purchasing an additional 441 shares during the last quarter. Optas LLC grew its position in Airbnb by 4.5% during the 2nd quarter. Optas LLC now owns 1,829 shares of the company’s stock worth $277,000 after purchasing an additional 78 shares during the last quarter. Finally, Fullcircle Wealth LLC purchased a new position in Airbnb during the 2nd quarter worth $519,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $146.00, for a total transaction of $87,600.00. Following the completion of the sale, the chief technology officer now directly owns 211,774 shares in the company, valued at $30,919,004. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Brian Chesky sold 115,385 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $149.11, for a total value of $17,205,057.35. Following the completion of the sale, the chief executive officer now directly owns 13,798,917 shares in the company, valued at $2,057,556,513.87. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $146.00, for a total transaction of $87,600.00. Following the completion of the sale, the chief technology officer now owns 211,774 shares of the company’s stock, valued at $30,919,004. The disclosure for this sale can be found here. Insiders sold a total of 735,492 shares of company stock worth $109,386,004 over the last ninety days. 27.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. BMO Capital Markets lowered their price objective on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Barclays lowered their price objective on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Citigroup reduced their target price on shares of Airbnb from $170.00 to $167.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. JPMorgan Chase & Co. reduced their target price on shares of Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Piper Sandler reduced their target price on shares of Airbnb from $155.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $137.00.

Airbnb Trading Down 1.0 %

Shares of NASDAQ ABNB traded down $1.14 during midday trading on Monday, reaching $115.71. 4,946,947 shares of the stock were exchanged, compared to its average volume of 4,598,100. The company has a market capitalization of $74.52 billion, a P/E ratio of 15.52, a P/E/G ratio of 1.67 and a beta of 1.18. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average price of $138.42 and a 200-day moving average price of $149.46.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. Equities research analysts expect that Airbnb, Inc. will post 4.66 earnings per share 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.