Toronto Dominion Bank Lowers Stake in Airbnb, Inc. (NASDAQ:ABNB)

Toronto Dominion Bank cut its position in Airbnb, Inc. (NASDAQ:ABNB) by 44.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,545 shares of the company’s stock after selling 124,618 shares during the period. Toronto Dominion Bank’s holdings in Airbnb were worth $25,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. CVA Family Office LLC purchased a new stake in shares of Airbnb during the fourth quarter worth about $26,000. Bfsg LLC bought a new stake in shares of Airbnb in the fourth quarter worth about $27,000. Trust Co. of Vermont bought a new position in Airbnb during the fourth quarter valued at approximately $27,000. Vima LLC purchased a new position in Airbnb during the 4th quarter valued at approximately $29,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in Airbnb in the 4th quarter worth approximately $30,000. 80.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Tigress Financial lifted their price objective on shares of Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. BMO Capital Markets raised their price objective on Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a research note on Thursday, May 9th. B. Riley Financial assumed coverage on Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price for the company. Truist Financial increased their price target on Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Finally, HSBC lowered shares of Airbnb from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $160.00 to $156.00 in a research note on Thursday, May 9th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $152.50.

Airbnb Stock Up 0.0 %

Shares of ABNB traded up $0.07 during trading hours on Friday, hitting $140.10. The company had a trading volume of 5,101,418 shares, compared to its average volume of 3,544,985. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $90.23 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 1.73 and a beta of 1.18. Airbnb, Inc. has a one year low of $113.24 and a one year high of $170.10. The company’s fifty day moving average price is $147.78 and its two-hundred day moving average price is $152.14.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the company posted $0.18 earnings per share. The firm’s revenue was up 17.8% on a year-over-year basis. As a group, equities analysts forecast that Airbnb, Inc. will post 4.66 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In other news, CEO Brian Chesky sold 115,385 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $149.11, for a total transaction of $17,205,057.35. Following the transaction, the chief executive officer now directly owns 13,798,917 shares of the company’s stock, valued at $2,057,556,513.87. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Brian Chesky sold 115,385 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $149.11, for a total transaction of $17,205,057.35. Following the sale, the chief executive officer now owns 13,798,917 shares in the company, valued at $2,057,556,513.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $162.00, for a total transaction of $97,200.00. Following the completion of the transaction, the chief technology officer now directly owns 219,904 shares of the company’s stock, valued at $35,624,448. The disclosure for this sale can be found here. Insiders sold 736,092 shares of company stock valued at $109,519,936 over the last 90 days. Insiders own 27.83% of the company’s stock.

Airbnb 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.