Mn Services Vermogensbeheer B.V. Has $26.70 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Mn Services Vermogensbeheer B.V. cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,100 shares of the company’s stock after selling 300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Airbnb were worth $26,702,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ABNB. Transcendent Capital Group LLC bought a new stake in shares of Airbnb in the 1st quarter valued at about $25,000. Bfsg LLC acquired a new position in shares of Airbnb in the fourth quarter worth approximately $27,000. Trust Co. of Vermont bought a new stake in Airbnb in the fourth quarter valued at approximately $27,000. Vima LLC acquired a new stake in Airbnb during the 4th quarter valued at approximately $29,000. Finally, Cultivar Capital Inc. bought a new position in Airbnb during the 2nd quarter worth approximately $30,000. 80.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $146.00, for a total transaction of $87,600.00. Following the completion of the sale, the chief technology officer now directly owns 211,774 shares of the company’s stock, valued at $30,919,004. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 80,000 shares of Airbnb stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $149.11, for a total value of $11,928,800.00. Following the sale, the chief technology officer now owns 207,574 shares of the company’s stock, valued at $30,951,359.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $146.00, for a total transaction of $87,600.00. Following the completion of the transaction, the chief technology officer now owns 211,774 shares in the company, valued at $30,919,004. The disclosure for this sale can be found here. In the last ninety days, insiders sold 735,492 shares of company stock valued at $109,386,004. Corporate insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

ABNB has been the topic of a number of analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $145.00 price objective on shares of Airbnb in a research note on Thursday, May 9th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Susquehanna lowered their price objective on Airbnb from $180.00 to $130.00 and set a “positive” rating for the company in a research report on Wednesday, August 7th. Barclays cut 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. Finally, Piper Sandler Companies lifted their target price on Airbnb from $145.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $137.00.

Airbnb Stock Up 1.2 %

Airbnb stock traded up $1.40 during trading on Friday, hitting $116.85. 4,998,414 shares of the company were exchanged, compared to its average volume of 4,595,931. The company has a market capitalization of $75.26 billion, a P/E ratio of 15.64, a PEG ratio of 1.67 and a beta of 1.18. The business’s 50 day moving average is $138.42 and its 200 day moving average is $149.45. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. Analysts predict that Airbnb, Inc. will post 4.66 earnings per share for the current year.

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.