Airbnb, Inc. $ABNB Shares Sold by Vontobel Holding Ltd.

Key Points

• Vontobel Holding Ltd. has reduced its stake in Airbnb, Inc. by 16.5%, now owning 37,032 shares valued at approximately $4.9 million.
• Insider activity saw CFO Elinor Mertz sell 4,630 shares for around $594,584 and Director Joseph Gebbia sold 236,000 shares worth approximately $32.8 million.
• Analysts have varied opinions on Airbnb stock, with a consensus price target of $141.81 and ratings ranging from Strong Buy to Sell.

Vontobel Holding Ltd. reduced its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 16.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,032 shares of the company's stock after selling 7,303 shares during the period. Vontobel Holding Ltd.'s holdings in Airbnb were worth $4,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its holdings in shares of Airbnb by 1.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company's stock worth $604,000 after purchasing an additional 78 shares in the last quarter. Harbour Investments Inc. raised its holdings in shares of Airbnb by 12.2% in the 1st quarter. Harbour Investments Inc. now owns 738 shares of the company's stock worth $88,000 after purchasing an additional 80 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of Airbnb by 4.4% in the 1st quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company's stock worth $237,000 after purchasing an additional 83 shares in the last quarter. Rakuten Securities Inc. raised its holdings in shares of Airbnb by 31.6% in the 1st quarter. Rakuten Securities Inc. now owns 379 shares of the company's stock worth $45,000 after purchasing an additional 91 shares in the last quarter. Finally, Trivium Point Advisory LLC raised its holdings in shares of Airbnb by 3.0% in the 1st quarter. Trivium Point Advisory LLC now owns 3,408 shares of the company's stock worth $407,000 after purchasing an additional 99 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Elinor Mertz sold 4,630 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $128.42, for a total transaction of $594,584.60. Following the transaction, the chief financial officer directly owned 444,070 shares of the company's stock, valued at approximately $57,027,469.40. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $138.83, for a total transaction of $32,763,880.00. Following the transaction, the director directly owned 472,015 shares in the company, valued at $65,529,842.45. The trade was a 33.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,430,876 shares of company stock valued at $182,694,292 in the last three months. 27.91% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on ABNB shares. Jefferies Financial Group dropped their target price on shares of Airbnb from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Monday, August 11th. Truist Financial dropped their target price on shares of Airbnb from $106.00 to $104.00 and set a "sell" rating on the stock in a report on Wednesday, September 3rd. BNP Paribas upgraded shares of Airbnb to a "hold" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. boosted their price target on shares of Airbnb from $120.00 to $130.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, UBS Group cut their price target on shares of Airbnb from $156.00 to $148.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have issued a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $141.81.

Airbnb Price Performance

ABNB stock opened at $118.19 on Friday. The company's 50 day simple moving average is $124.34 and its 200-day simple moving average is $127.27. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The firm has a market capitalization of $73.45 billion, a P/E ratio of 28.62, a P/E/G ratio of 2.19 and a beta of 1.10.

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