Airbnb, Inc. $ABNB Shares Sold by Fielder Capital Group LLC

Fielder Capital Group LLC lessened its position in Airbnb, Inc. (NASDAQ:ABNB) by 18.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,181 shares of the company’s stock after selling 505 shares during the period. Fielder Capital Group LLC’s holdings in Airbnb were worth $289,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Airbnb by 1.6% in the first quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company’s stock valued at $4,475,286,000 after buying an additional 604,120 shares during the last quarter. Harris Associates L P raised its position in shares of Airbnb by 86.0% in the first quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock valued at $1,188,024,000 after buying an additional 4,598,125 shares during the last quarter. Northern Trust Corp raised its position in shares of Airbnb by 2.5% in the first quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock valued at $525,979,000 after buying an additional 106,135 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Airbnb by 81.0% in the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after buying an additional 1,916,676 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Airbnb by 74.4% in the first quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company’s stock valued at $388,924,000 after buying an additional 1,389,251 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity

In other news, insider Nathan Blecharczyk sold 2,246 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total value of $281,199.20. Following the completion of the sale, the insider directly owned 182,514 shares of the company’s stock, valued at $22,850,752.80. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $125.36, for a total transaction of $29,584,960.00. Following the completion of the sale, the director directly owned 15 shares of the company’s stock, valued at $1,880.40. This trade represents a 99.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,425,876 shares of company stock valued at $177,336,982. Corporate insiders own 27.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a research report on Friday. BNP Paribas raised shares of Airbnb to a “hold” rating in a research report on Wednesday, July 16th. UBS Group dropped their price target on shares of Airbnb from $148.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday. Royal Bank Of Canada upped their price target on shares of Airbnb from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Finally, Citizens Jmp upgraded shares of Airbnb to a “hold” rating in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $141.70.

Airbnb Trading Up 0.5%

Shares of ABNB stock opened at $127.99 on Friday. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a market capitalization of $79.54 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The firm has a fifty day simple moving average of $124.48 and a 200-day simple moving average of $127.84.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share 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 analysts’ expectations of $3.02 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. Equities research analysts predict 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.