Mn Services Vermogensbeheer B.V. cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,100 shares of the company’s stock after selling 300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Airbnb were worth $26,702,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in ABNB. Transcendent Capital Group LLC bought a new stake in shares of Airbnb in the 1st quarter valued at about $25,000. Bfsg LLC acquired a new position in shares of Airbnb in the fourth quarter worth approximately $27,000. Trust Co. of Vermont bought a new stake in Airbnb in the fourth quarter valued at approximately $27,000. Vima LLC acquired a new stake in Airbnb during the 4th quarter valued at approximately $29,000. Finally, Cultivar Capital Inc. bought a new position in Airbnb during the 2nd quarter worth approximately $30,000. 80.76% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $146.00, for a total transaction of $87,600.00. Following the completion of the sale, the chief technology officer now directly owns 211,774 shares of the company’s stock, valued at $30,919,004. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 80,000 shares of Airbnb stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $149.11, for a total value of $11,928,800.00. Following the sale, the chief technology officer now owns 207,574 shares of the company’s stock, valued at $30,951,359.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $146.00, for a total transaction of $87,600.00. Following the completion of the transaction, the chief technology officer now owns 211,774 shares in the company, valued at $30,919,004. The disclosure for this sale can be found here. In the last ninety days, insiders sold 735,492 shares of company stock valued at $109,386,004. Corporate insiders own 27.83% of the company’s stock.
Analyst Ratings Changes
View Our Latest Stock Report on Airbnb
Airbnb Stock Up 1.2 %
Airbnb stock traded up $1.40 during trading on Friday, hitting $116.85. 4,998,414 shares of the company were exchanged, compared to its average volume of 4,595,931. The company has a market capitalization of $75.26 billion, a P/E ratio of 15.64, a PEG ratio of 1.67 and a beta of 1.18. The business’s 50 day moving average is $138.42 and its 200 day moving average is $149.45. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25.
Airbnb (NASDAQ:ABNB – Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. Analysts predict that Airbnb, Inc. will post 4.66 earnings per share for the current year.
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.
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