Airbnb, Inc. $ABNB Holdings Boosted by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 7.8% during the second quarter, HoldingsChannel.com reports. The fund owned 2,139 shares of the company’s stock after acquiring an additional 155 shares during the period. Koshinski Asset Management Inc.’s holdings in Airbnb were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Airbnb by 1.6% in the first quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company’s stock worth $4,475,286,000 after acquiring an additional 604,120 shares during the last quarter. Harris Associates L P increased its stake in shares of Airbnb by 86.0% in 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 purchasing an additional 4,598,125 shares during the period. Northern Trust Corp increased its stake in shares of Airbnb by 2.5% in the first quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock valued at $525,979,000 after purchasing an additional 106,135 shares during the period. AQR Capital Management LLC increased its stake in shares of Airbnb by 81.0% in the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after purchasing an additional 1,916,676 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Airbnb by 74.4% in the first quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company’s stock valued at $388,924,000 after purchasing an additional 1,389,251 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

NASDAQ ABNB opened at $127.21 on Tuesday. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The firm has a market capitalization of $79.05 billion, a PE ratio of 30.80, a P/E/G ratio of 2.30 and a beta of 1.10. The company’s 50 day simple moving average is $124.17 and its 200 day simple moving average is $127.54.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ABNB shares. BNP Paribas upgraded shares of Airbnb to a “hold” rating in a research note on Wednesday, July 16th. BMO Capital Markets set a $124.00 price target on shares of Airbnb and gave the company a “market perform” rating in a research note on Thursday, August 7th. Royal Bank Of Canada raised their price target on shares of Airbnb from $140.00 to $145.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Jefferies Financial Group dropped their price target on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $141.81.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $122.91, for a total value of $73,746.00. Following the transaction, the chief technology officer owned 199,006 shares in the company, valued at approximately $24,459,827.46. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO David C. Bernstein sold 5,000 shares of Airbnb stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $142.00, for a total transaction of $710,000.00. Following the completion of the transaction, the chief accounting officer owned 42,619 shares in the company, valued at approximately $6,051,898. This trade represents a 10.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,431,476 shares of company stock valued at $178,130,616 in the last 90 days. 27.83% of the stock is 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.