Achmea Investment Management B.V. Lowers Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Achmea Investment Management B.V. trimmed its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 90.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,717 shares of the company's stock after selling 69,435 shares during the period. Achmea Investment Management B.V.'s holdings in Airbnb were worth $921,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Jaffetilchin Investment Partners LLC raised its position in Airbnb by 1.1% during the first quarter. Jaffetilchin Investment Partners LLC now owns 17,854 shares of the company's stock valued at $2,133,000 after purchasing an additional 187 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Airbnb by 209.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock worth $31,000 after purchasing an additional 174 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of Airbnb by 105.3% during the first quarter. Illinois Municipal Retirement Fund now owns 71,241 shares of the company's stock valued at $8,510,000 after buying an additional 36,539 shares during the period. Park Place Capital Corp raised its holdings in shares of Airbnb by 24.8% during the first quarter. Park Place Capital Corp now owns 729 shares of the company's stock valued at $87,000 after acquiring an additional 145 shares in the last quarter. Finally, TFC Financial Management Inc. lifted its stake in Airbnb by 1,126.7% in the first quarter. TFC Financial Management Inc. now owns 552 shares of the company's stock worth $66,000 after acquiring an additional 507 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Price Performance

Shares of ABNB stock traded down $2.18 during mid-day trading on Monday, hitting $132.34. The company had a trading volume of 3,665,429 shares, compared to its average volume of 5,033,672. The stock's 50 day moving average price is $130.00 and its 200-day moving average price is $130.34. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The company has a market capitalization of $82.90 billion, a P/E ratio of 33.42, a P/E/G ratio of 2.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a return on equity of 30.91% and a net margin of 22.60%. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $128.33, for a total transaction of $1,026,640.00. Following the completion of the transaction, the chief executive officer directly owned 40,800 shares in the company, valued at approximately $5,235,864. This represents a 16.39% 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, Director Joseph Gebbia sold 236,000 shares of the business's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $129.46, for a total transaction of $30,552,560.00. Following the completion of the sale, the director owned 944,015 shares in the company, valued at $122,212,181.90. This represents a 20.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,646,687 shares of company stock valued at $206,404,342 over the last three months. Corporate insiders own 27.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ABNB shares. Cantor Fitzgerald reissued an "underweight" rating and set a $100.00 price objective on shares of Airbnb in a research report on Wednesday, May 14th. Evercore ISI decreased their price target on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Piper Sandler lowered their price objective on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a report on Monday, April 28th. JMP Securities reiterated a "market perform" rating on shares of Airbnb in a report on Friday, May 2nd. Finally, Canaccord Genuity Group decreased their target price on Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $141.23.

Airbnb Company 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.