E. Ohman J or Asset Management AB Decreases Stock Position in Airbnb, Inc. $ABNB

E. Ohman J or Asset Management AB trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,142 shares of the company’s stock after selling 11,299 shares during the period. E. Ohman J or Asset Management AB’s holdings in Airbnb were worth $27,943,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Harris Associates L P grew its stake in shares of Airbnb by 86.0% during the first quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock valued at $1,188,024,000 after acquiring an additional 4,598,125 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Airbnb by 2,297.4% in the first quarter. Pacer Advisors Inc. now owns 2,801,899 shares of the company’s stock valued at $334,715,000 after purchasing an additional 2,685,026 shares during the last quarter. Two Sigma Advisers LP grew its stake in Airbnb by 512.0% during the 4th quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock valued at $404,782,000 after purchasing an additional 2,577,000 shares in the last quarter. AQR Capital Management LLC increased its holdings in Airbnb by 81.0% during the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after purchasing an additional 1,916,676 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Airbnb by 74.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company’s stock worth $388,924,000 after purchasing an additional 1,389,251 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ABNB shares. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a research note on Wednesday, May 28th. Wells Fargo & Company set a $110.00 price objective on shares of Airbnb and gave the company an “underweight” rating in a research note on Thursday, August 7th. Jefferies Financial Group decreased their price objective on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating for the company in a report on Monday, August 11th. BMO Capital Markets set a $124.00 target price on shares of Airbnb and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Finally, Zacks Research upgraded shares of Airbnb to a “hold” rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $141.68.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 236,000 shares of the company’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $129.46, for a total transaction of $30,552,560.00. Following the completion of the transaction, the director directly owned 944,015 shares in the company, valued at $122,212,181.90. This represents a 20.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 2,246 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total value of $281,199.20. Following the completion of the sale, the insider directly owned 182,514 shares in the company, valued at $22,850,752.80. This represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,438,326 shares of company stock worth $188,798,155. 27.83% of the stock is owned by company insiders.

Airbnb Stock Down 0.4%

Shares of NASDAQ:ABNB opened at $122.55 on Monday. The company has a market cap of $76.16 billion, a PE ratio of 29.67, a P/E/G ratio of 2.24 and a beta of 1.13. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The firm has a 50-day simple moving average of $130.46 and a 200 day simple moving average of $128.42.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.Airbnb’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 earnings per share. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal 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.