Harvest Portfolios Group Inc. Sells 4,770 Shares of Airbnb, Inc. $ABNB

Harvest Portfolios Group Inc. trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 7.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,363 shares of the company’s stock after selling 4,770 shares during the period. Harvest Portfolios Group Inc.’s holdings in Airbnb were worth $7,327,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Kentucky Trust Co bought a new position in shares of Airbnb in the 2nd quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after buying an additional 83 shares during the last quarter. Concord Wealth Partners acquired a new position in shares of Airbnb during the 2nd quarter worth about $28,000. Whipplewood Advisors LLC increased its stake in shares of Airbnb by 235.3% in the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after acquiring an additional 160 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its position in shares of Airbnb by 363.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock valued at $34,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Performance

NASDAQ:ABNB opened at $120.53 on Friday. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The company has a market cap of $74.90 billion, a P/E ratio of 29.18, a P/E/G ratio of 2.23 and a beta of 1.11. The stock’s 50-day simple moving average is $124.09 and its 200 day simple moving average is $128.63.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the business earned $2.13 EPS. Airbnb has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on ABNB. UBS Group restated a “neutral” rating on shares of Airbnb in a report on Friday. Mizuho initiated coverage on Airbnb in a report on Monday, September 29th. They issued an “outperform” rating and a $151.00 price target for the company. Zacks Research upgraded shares of Airbnb to a “hold” rating in a report on Tuesday, August 12th. Wedbush lowered their price objective on shares of Airbnb from $135.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Finally, KeyCorp assumed coverage on shares of Airbnb in a research note on Thursday, October 23rd. They issued a “sector weight” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $141.70.

Insiders Place Their Bets

In related news, CFO Elinor Mertz sold 12,184 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $127.65, for a total transaction of $1,555,287.60. Following the transaction, the chief financial officer directly owned 444,070 shares of the company’s stock, valued at approximately $56,685,535.50. The trade was a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 2,246 shares of Airbnb stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total transaction of $281,199.20. Following the transaction, the insider directly owned 182,514 shares of the company’s stock, valued at approximately $22,850,752.80. This trade represents a 1.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,446,760 shares of company stock valued at $179,726,429 over the last 90 days. 27.91% of the stock is currently owned by insiders.

Airbnb 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.