Airbnb, Inc. $ABNB Holdings Decreased by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Airbnb by 1.4%, now holding 141,316 shares valued at approximately $16.88 million.
• Institutional ownership of Airbnb stock is high, with 80.76% of shares held by institutional investors and hedge funds.
• Insider selling activity is notable, with CFO Elinor Mertz selling 6,250 shares and Chief Accounting Officer David C. Bernstein selling 5,000 shares, indicating potential shifts in internal confidence.

Lansforsakringar Fondforvaltning AB publ lowered its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 1.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 141,316 shares of the company's stock after selling 1,957 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Airbnb were worth $16,882,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. OMERS ADMINISTRATION Corp grew its position in Airbnb by 8.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 31,670 shares of the company's stock worth $3,783,000 after purchasing an additional 2,334 shares during the last quarter. B. Metzler seel. Sohn & Co. AG boosted its position in shares of Airbnb by 54.9% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 33,029 shares of the company's stock worth $3,946,000 after buying an additional 11,711 shares during the period. Ieq Capital LLC boosted its position in shares of Airbnb by 44.7% during the first quarter. Ieq Capital LLC now owns 272,521 shares of the company's stock worth $32,555,000 after buying an additional 84,232 shares during the period. Greycroft LP grew its holdings in Airbnb by 40.0% in the 1st quarter. Greycroft LP now owns 7,000 shares of the company's stock worth $836,000 after buying an additional 2,000 shares in the last quarter. Finally, Quadcap Wealth Management LLC increased its position in Airbnb by 30.1% in the 1st quarter. Quadcap Wealth Management LLC now owns 4,186 shares of the company's stock valued at $500,000 after acquiring an additional 968 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $125.36, for a total transaction of $29,584,960.00. Following the sale, the director owned 15 shares in the company, valued at approximately $1,880.40. The trade was a 99.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David C. Bernstein sold 5,000 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $142.00, for a total transaction of $710,000.00. Following the sale, the chief accounting officer directly owned 42,619 shares of the company's stock, valued at $6,051,898. This represents a 10.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,440,546 shares of company stock valued at $191,913,918 over the last ninety days. 27.91% of the stock is currently owned by company insiders.

Airbnb Stock Up 0.1%

NASDAQ:ABNB traded up $0.07 during trading hours on Monday, reaching $130.53. 4,157,858 shares of the company's stock were exchanged, compared to its average volume of 5,723,266. The company has a market capitalization of $81.12 billion, a P/E ratio of 31.61, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The business's 50-day simple moving average is $132.20 and its two-hundred day simple moving average is $130.26.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.11. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The company had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter in the prior year, the company earned $0.86 earnings per share. The firm's revenue was up 12.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on ABNB shares. Wells Fargo & Company set a $110.00 price target on Airbnb and gave the stock an "underweight" rating in a research report on Thursday, August 7th. Royal Bank Of Canada raised their price target on Airbnb from $140.00 to $145.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Susquehanna reduced their price objective on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating for the company in a report on Monday, May 5th. Zacks Research upgraded shares of Airbnb to a "hold" rating in a research report on Tuesday, August 12th. Finally, Phillip Securities upgraded shares of Airbnb from a "moderate sell" rating to a "hold" rating in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nineteen have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $142.72.

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.