Achmea Investment Management B.V. Lowers Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Achmea Investment Management B.V. decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 18.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,585 shares of the company’s stock after selling 14,930 shares during the quarter. Achmea Investment Management B.V.’s holdings in Airbnb were worth $9,793,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ABNB. Jupiter Asset Management Ltd. acquired a new stake in shares of Airbnb during the 2nd quarter worth about $60,240,000. Daiwa Securities Group Inc. increased its position in shares of Airbnb by 10.6% during the second quarter. Daiwa Securities Group Inc. now owns 73,401 shares of the company’s stock valued at $11,130,000 after acquiring an additional 7,012 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in shares of Airbnb by 5.5% in the 2nd quarter. Royal London Asset Management Ltd. now owns 233,584 shares of the company’s stock valued at $35,418,000 after acquiring an additional 12,143 shares during the period. LGT Group Foundation lifted its holdings in shares of Airbnb by 85.4% in the 2nd quarter. LGT Group Foundation now owns 463,570 shares of the company’s stock worth $70,291,000 after acquiring an additional 213,477 shares during the last quarter. Finally, Choreo LLC boosted its position in shares of Airbnb by 658.0% during the 2nd quarter. Choreo LLC now owns 11,112 shares of the company’s stock worth $1,685,000 after purchasing an additional 9,646 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 1.2 %

Shares of NASDAQ:ABNB opened at $117.36 on Friday. The firm has a 50 day simple moving average of $128.84 and a 200-day simple moving average of $146.05. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $75.59 billion, a PE ratio of 15.71, a P/E/G ratio of 1.52 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. Airbnb’s revenue was up 10.6% compared to the same quarter last year. On average, equities analysts predict that Airbnb, Inc. will post 4.39 EPS for the current fiscal year.

Analyst Ratings Changes

ABNB has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their target price on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley increased their target price on Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. UBS Group dropped their target price on Airbnb from $160.00 to $134.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada reduced their price target on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Finally, Susquehanna dropped their price objective on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating for the company in a report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $134.48.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction of $71,364.00. Following the transaction, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the sale, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $145.88, for a total transaction of $145,880.00. Following the transaction, the chief accounting officer now directly owns 44,043 shares in the company, valued at $6,424,992.84. The disclosure for this sale can be found here. In the last three months, insiders sold 449,932 shares of company stock valued at $67,352,949. 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.