Airbnb, Inc. $ABNB Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,489 shares of the company’s stock after selling 884 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Airbnb were worth $6,549,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Albert D Mason Inc. grew its stake in Airbnb by 10.9% during the second quarter. Albert D Mason Inc. now owns 3,595 shares of the company’s stock worth $476,000 after buying an additional 353 shares during the period. Koshinski Asset Management Inc. grew its stake in Airbnb by 7.8% during the second quarter. Koshinski Asset Management Inc. now owns 2,139 shares of the company’s stock worth $283,000 after buying an additional 155 shares during the period. Chevy Chase Trust Holdings LLC grew its stake in Airbnb by 0.6% during the second quarter. Chevy Chase Trust Holdings LLC now owns 228,376 shares of the company’s stock worth $30,223,000 after buying an additional 1,352 shares during the period. Stratos Wealth Advisors LLC grew its stake in Airbnb by 1.9% during the second quarter. Stratos Wealth Advisors LLC now owns 18,444 shares of the company’s stock worth $2,441,000 after buying an additional 340 shares during the period. Finally, Nordea Investment Management AB grew its stake in Airbnb by 0.4% during the second quarter. Nordea Investment Management AB now owns 321,281 shares of the company’s stock worth $42,791,000 after buying an additional 1,190 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Trading Up 1.0%

NASDAQ ABNB opened at $127.21 on Tuesday. The company’s fifty day simple moving average is $124.17 and its 200-day simple moving average is $127.54. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The stock has a market cap of $79.05 billion, a P/E ratio of 30.80, a PEG ratio of 2.30 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. The business had revenue of $3.10 billion during 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 was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ABNB. Wells Fargo & Company set a $110.00 price objective on shares of Airbnb and gave the stock an “underweight” rating in a research note on Thursday, August 7th. Royal Bank Of Canada boosted their price objective on shares of Airbnb from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Citizens Jmp raised shares of Airbnb to a “hold” rating in a research report on Monday, August 11th. UBS Group reduced their target price on shares of Airbnb from $156.00 to $148.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Finally, Wedbush reduced their target price on shares of Airbnb from $135.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $141.81.

Insider Buying and Selling

In related news, CFO Elinor Mertz sold 4,630 shares of Airbnb stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $128.42, for a total value of $594,584.60. Following the completion of the sale, the chief financial officer owned 444,070 shares in the company, valued at approximately $57,027,469.40. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Monday, October 13th. The stock was sold at an average price of $119.22, for a total transaction of $28,135,920.00. Following the completion of the sale, the director owned 704,015 shares of the company’s stock, valued at approximately $83,932,668.30. This trade represents a 25.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,431,476 shares of company stock worth $178,130,616. Insiders own 27.83% of the company’s stock.

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.