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

Blair William & Co. IL trimmed its position in Airbnb, Inc. (NASDAQ:ABNB) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ABNB. Kentucky Trust Co acquired a new stake in Airbnb in the second quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Airbnb by 70.9% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 83 shares in the last quarter. Stonebridge Financial Group LLC boosted its stake in Airbnb by 75.7% in the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after acquiring an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its stake in Airbnb by 209.6% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock valued at $31,000 after acquiring an additional 174 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its stake in Airbnb by 363.6% in the second quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock valued at $34,000 after acquiring an additional 200 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ABNB shares. BNP Paribas upgraded shares of Airbnb to a “hold” rating in a research note on Wednesday, July 16th. Wells Fargo & Company set a $110.00 price objective on shares of Airbnb and gave the stock an “underweight” rating in a research note on Thursday, August 7th. Morgan Stanley lowered 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. BMO Capital Markets set a $124.00 price objective on shares of Airbnb and gave the stock a “market perform” rating in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $141.81.

Insider Activity

In related news, CAO David C. Bernstein sold 5,000 shares of the firm’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $142.00, for a total transaction of $710,000.00. Following the completion of the transaction, the chief accounting officer owned 42,619 shares of the company’s stock, valued at $6,051,898. This trade represents a 10.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 2,246 shares of Airbnb stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total transaction of $281,199.20. Following the completion of the transaction, the insider directly owned 182,514 shares of the company’s stock, valued at $22,850,752.80. The trade was a 1.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,430,876 shares of company stock valued at $182,694,292 over the last quarter. Insiders own 27.91% of the company’s stock.

Airbnb Price Performance

Shares of Airbnb stock opened at $118.19 on Friday. The firm has a fifty day moving average price of $124.34 and a 200 day moving average price of $127.27. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The stock has a market cap of $73.45 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.19 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter last year, the company posted $0.86 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. As a group, equities analysts expect that Airbnb, Inc. will post 4.31 EPS 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.