US Bancorp DE Sells 45,417 Shares of Airbnb, Inc. (NASDAQ:ABNB)

US Bancorp DE decreased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 23.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,428 shares of the company’s stock after selling 45,417 shares during the period. US Bancorp DE’s holdings in Airbnb were worth $19,076,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ABNB. Jennison Associates LLC increased its holdings in shares of Airbnb by 57.9% in the 1st quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock worth $1,753,860,000 after purchasing an additional 3,899,179 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Airbnb by 158.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock worth $958,279,000 after acquiring an additional 3,558,178 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Airbnb by 19,052.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock worth $256,784,000 after acquiring an additional 1,684,646 shares during the period. Farallon Capital Management LLC purchased a new stake in Airbnb during the first quarter valued at $265,292,000. Finally, International Assets Investment Management LLC increased its position in Airbnb by 19,430.3% during the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock valued at $1,419,610,000 after acquiring an additional 1,113,747 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Mizuho reduced their price objective on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. UBS Group upped their price target on Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price target on Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Piper Sandler reduced their price target on Airbnb from $155.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada reduced their price target on Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $135.35.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now directly owns 198,244 shares in the company, valued at approximately $23,579,141.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now directly owns 198,244 shares in the company, valued at approximately $23,579,141.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $750,000.00. Following the completion of the sale, the chief financial officer now owns 537,072 shares in the company, valued at approximately $64,448,640. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 418,406 shares of company stock worth $51,885,773. 27.83% of the stock is currently owned by company insiders.

Airbnb Trading Up 1.2 %

Shares of ABNB stock opened at $136.46 on Friday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. 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’s 50 day simple moving average is $126.86 and its two-hundred day simple moving average is $138.34. The company has a market cap of $87.56 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.93 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter last year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts predict that Airbnb, Inc. will post 4.17 earnings per share for the current 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.