Jacobs & Co. CA Sells 2,000 Shares of Airbnb, Inc. $ABNB

Jacobs & Co. CA trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 18.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,086 shares of the company’s stock after selling 2,000 shares during the period. Jacobs & Co. CA’s holdings in Airbnb were worth $1,202,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in Airbnb in the fourth quarter worth approximately $26,000. Orion Capital Management LLC bought a new stake in Airbnb in the fourth quarter worth approximately $28,000. Stonebridge Financial Group LLC grew its position in Airbnb by 75.7% in the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock worth $29,000 after acquiring an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC grew its position in Airbnb by 209.6% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock worth $31,000 after acquiring an additional 174 shares in the last quarter. Finally, SouthState Corp grew its position in Airbnb by 216.1% in the first quarter. SouthState Corp now owns 294 shares of the company’s stock worth $35,000 after acquiring an additional 201 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $129.46, for a total value of $30,552,560.00. Following the completion of the transaction, the director owned 944,015 shares in the company, valued at approximately $122,212,181.90. This represents a 20.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 2,246 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total transaction of $281,199.20. Following the completion of the transaction, the insider owned 182,514 shares of the company’s stock, valued at approximately $22,850,752.80. This represents a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,438,326 shares of company stock worth $188,798,155. Corporate insiders own 27.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Airbnb from $130.00 to $120.00 and set an “underweight” rating for the company in a report on Thursday, August 7th. UBS Group decreased their price objective on shares of Airbnb from $156.00 to $148.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Truist Financial decreased their price objective on shares of Airbnb from $106.00 to $104.00 and set a “sell” rating for the company in a report on Wednesday, September 3rd. Royal Bank Of Canada upped their price objective on shares of Airbnb from $140.00 to $145.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Finally, Citizens Jmp raised shares of Airbnb to a “hold” rating in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $141.68.

Airbnb Price Performance

NASDAQ:ABNB opened at $122.55 on Friday. The stock has a market cap of $76.16 billion, a P/E ratio of 29.67, a PEG ratio of 2.25 and a beta of 1.13. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The company has a fifty day moving average price of $130.46 and a 200 day moving average price of $128.61.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the prior year, the company posted $0.86 EPS. The business’s revenue was up 12.7% on a year-over-year basis. As a group, equities research analysts anticipate 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.