Airbnb, Inc. $ABNB Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC cut its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 7.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 38,966 shares of the company’s stock after selling 3,312 shares during the period. Lmcg Investments LLC’s holdings in Airbnb were worth $5,157,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kentucky Trust Co acquired a new position in shares of Airbnb in the 2nd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 83 shares during the period. Stonebridge Financial Group LLC boosted its holdings in shares of Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after buying an additional 106 shares during the period. Armstrong Advisory Group Inc. boosted its holdings in shares of Airbnb by 363.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock valued at $34,000 after buying an additional 200 shares during the period. Finally, Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Airbnb by 209.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock valued at $31,000 after buying an additional 174 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Zacks Research raised shares of Airbnb to a “hold” rating in a report on Tuesday, August 12th. Mizuho initiated coverage on shares of Airbnb in a research report on Monday, September 29th. They issued an “outperform” rating and a $151.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Phillip Securities upgraded shares of Airbnb from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 8th. Finally, Morgan Stanley cut their price objective on shares of Airbnb from $130.00 to $120.00 and set an “underweight” rating on the stock in a research report 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $141.81.

Airbnb Trading Down 1.6%

ABNB stock opened at $118.19 on Friday. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The company has a market capitalization of $73.45 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 2.19 and a beta of 1.10. The firm’s 50-day moving average is $124.34 and its two-hundred day moving average is $127.27.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the firm earned $0.86 EPS. Airbnb’s revenue was up 12.7% on a year-over-year basis. On average, equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 2,246 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total transaction of $281,199.20. Following the sale, the insider directly owned 182,514 shares in the company, valued at approximately $22,850,752.80. The trade was a 1.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $123.57, for a total transaction of $29,162,520.00. Following the sale, the director owned 940,015 shares in the company, valued at $116,157,653.55. This trade represents a 20.07% decrease in their ownership of the stock. 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. Corporate insiders own 27.91% of the company’s stock.

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.