Mn Services Vermogensbeheer B.V. Reduces Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Mn Services Vermogensbeheer B.V. lessened its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 168,200 shares of the company’s stock after selling 7,900 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Airbnb were worth $21,329,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Farrow Financial Inc. increased its holdings in shares of Airbnb by 1.0% in the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock valued at $1,087,000 after purchasing an additional 69 shares during the period. Heritage Wealth Advisors grew its position in shares of Airbnb by 55.0% during the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after acquiring an additional 71 shares during the period. GYL Financial Synergies LLC increased its stake in shares of Airbnb by 5.0% in the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after purchasing an additional 76 shares in the last quarter. HB Wealth Management LLC raised its holdings in Airbnb by 1.6% in the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock worth $749,000 after purchasing an additional 76 shares during the period. Finally, Optas LLC boosted its position in Airbnb by 4.5% during the second quarter. Optas LLC now owns 1,829 shares of the company’s stock worth $277,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Up 0.3 %

Shares of ABNB stock opened at $136.87 on Tuesday. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The firm has a market cap of $87.82 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.90 and a beta of 1.15. The company has a 50-day moving average of $127.29 and a two-hundred day moving average of $137.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the business posted $0.98 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts predict that Airbnb, Inc. will post 4.17 EPS for the current year.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total value of $81,198.00. Following the sale, the chief technology officer now owns 192,244 shares in the company, valued at approximately $26,016,380.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total value of $81,198.00. Following the completion of the transaction, the chief technology officer now owns 192,244 shares in the company, valued at approximately $26,016,380.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 230,769 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 417,806 shares of company stock worth $51,809,831 over the last ninety days. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Robert W. Baird cut their price target on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada cut their target price on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. TD Cowen decreased their price target on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Bank of America reiterated a “hold” rating and set a $142.00 price objective (up from $132.00) on shares of Airbnb in a research note on Friday, October 11th. Finally, Barclays decreased their target price on Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $135.35.

About Airbnb

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.