Optas LLC Has $287,000 Stock Holdings in Airbnb, Inc. $ABNB

Optas LLC cut its stake in Airbnb, Inc. (NASDAQ:ABNB) by 19.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,166 shares of the company’s stock after selling 517 shares during the period. Optas LLC’s holdings in Airbnb were worth $287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kentucky Trust Co acquired a new position in shares of Airbnb during the 2nd quarter worth $25,000. Stonebridge Financial Group LLC raised its holdings in shares of Airbnb by 75.7% during the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock worth $29,000 after buying an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in shares of Airbnb by 209.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock worth $31,000 after buying an additional 174 shares in the last quarter. Armstrong Advisory Group Inc. raised its holdings in shares of Airbnb by 363.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after buying an additional 200 shares in the last quarter. Finally, SouthState Corp raised its holdings in shares of Airbnb by 216.1% during the 1st quarter. SouthState Corp now owns 294 shares of the company’s stock worth $35,000 after buying an additional 201 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Mizuho assumed coverage on Airbnb in a report on Monday, September 29th. They set an “outperform” rating and a $151.00 price target for the company. Wells Fargo & Company set a $110.00 price target on Airbnb and gave the stock an “underweight” rating in a report on Thursday, August 7th. Zacks Research raised Airbnb to a “hold” rating in a report on Tuesday, August 12th. Truist Financial lowered their price target on Airbnb from $106.00 to $104.00 and set a “sell” rating for the company in a report on Wednesday, September 3rd. Finally, Barclays set a $105.00 price objective on Airbnb and gave the stock an “underweight” rating in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $141.81.

Airbnb Stock Up 0.1%

Shares of ABNB stock opened at $120.15 on Friday. The firm has a market capitalization of $74.67 billion, a P/E ratio of 29.09, a P/E/G ratio of 2.19 and a beta of 1.10. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The stock’s fifty day simple moving average is $124.54 and its 200 day simple moving average is $127.36.

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

Insider Buying and Selling

In other Airbnb news, CAO David C. Bernstein sold 5,000 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $142.00, for a total transaction of $710,000.00. Following the completion of the sale, the chief accounting officer owned 42,619 shares of the company’s stock, valued at approximately $6,051,898. This represents a 10.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Elinor Mertz sold 4,630 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $128.42, for a total transaction of $594,584.60. Following the sale, the chief financial officer directly owned 444,070 shares of the company’s stock, valued at $57,027,469.40. This represents a 1.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,430,876 shares of company stock valued at $182,694,292 over the last 90 days. 27.91% of the stock is currently owned by corporate insiders.

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.