Airbnb, Inc. $ABNB Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 59.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,885 shares of the company’s stock after selling 8,570 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Airbnb were worth $779,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Kentucky Trust Co purchased a new stake in shares of Airbnb during the 2nd quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 83 shares in the last quarter. Concord Wealth Partners acquired a new position in shares of Airbnb during the second quarter worth $28,000. Whipplewood Advisors LLC grew its stake in shares of Airbnb by 235.3% during the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after purchasing an additional 160 shares in the last quarter. Finally, Armstrong Advisory Group Inc. grew its stake in shares of Airbnb by 363.6% during the second quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Elinor Mertz sold 7,500 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $130.00, for a total value of $975,000.00. Following the completion of the sale, the chief financial officer directly owned 436,570 shares of the company’s stock, valued at approximately $56,754,100. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $127.53, for a total transaction of $76,518.00. Following the completion of the sale, the chief technology officer directly owned 196,606 shares of the company’s stock, valued at $25,073,163.18. The trade was a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,446,160 shares of company stock valued at $179,651,147. Insiders own 27.83% of the company’s stock.

Airbnb Price Performance

NASDAQ ABNB opened at $126.54 on Monday. The company has a fifty day moving average of $124.55 and a two-hundred day moving average of $128.57. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The company has a market capitalization of $78.64 billion, a PE ratio of 30.64, a P/E/G ratio of 2.31 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, beating 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 business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. On average, research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. UBS Group lowered their target price on shares of Airbnb from $148.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, October 24th. Truist Financial decreased their price objective on shares of Airbnb from $106.00 to $104.00 and set a “sell” rating for the company in a research note on Wednesday, September 3rd. BMO Capital Markets set a $124.00 price objective on shares of Airbnb and gave the company a “market perform” rating in a research note on Thursday, August 7th. KeyCorp began coverage on shares of Airbnb in a research note on Thursday, October 23rd. They issued a “sector weight” rating for the company. Finally, Zacks Research upgraded shares of Airbnb to a “hold” rating in a research note on Tuesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $141.70.

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.