Airbnb, Inc. $ABNB Shares Sold by Swedbank AB

Swedbank AB trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 70.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 236,249 shares of the company’s stock after selling 554,822 shares during the period. Swedbank AB’s holdings in Airbnb were worth $32,064,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ABNB. ORG Partners LLC increased its holdings in Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares in the last quarter. Entrust Financial LLC acquired a new stake in Airbnb in the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Airbnb in the 3rd quarter valued at $25,000. Aventura Private Wealth LLC acquired a new stake in Airbnb in the 4th quarter valued at $29,000. Finally, Sunbelt Securities Inc. increased its holdings in Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Performance

Shares of ABNB stock opened at $132.35 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.25. The company’s 50-day simple moving average is $133.54 and its 200-day simple moving average is $129.85. The stock has a market capitalization of $79.77 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 1.42 and a beta of 1.20.

Airbnb (NASDAQ:ABNBGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the business posted $0.24 EPS. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

Insiders Place Their Bets

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $143.00, for a total transaction of $536,250.00. Following the transaction, the chief financial officer owned 463,415 shares of the company’s stock, valued at $66,268,345. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $140.37, for a total value of $8,141,460.00. Following the transaction, the director directly owned 54,015 shares in the company, valued at approximately $7,582,085.55. This represents a 51.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 454,317 shares of company stock valued at $62,219,594 in the last quarter. Insiders own 27.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ABNB. Mizuho upped their price objective on shares of Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Benchmark upped their price objective on shares of Airbnb from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Tigress Financial decreased their price objective on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Robert W. Baird set a $150.00 price objective on shares of Airbnb in a research report on Friday, May 8th. Finally, HSBC cut shares of Airbnb from a “hold” rating to a “hold” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.67.

Check Out Our Latest Analysis on ABNB

Airbnb Profile

(Free Report)

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

Further Reading

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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