Banco Bilbao Vizcaya Argentaria S.A. Sells 6,532 Shares of Airbnb, Inc. $ABNB

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. sold 6,532 shares of Airbnb, reducing its stake by 13.4%, now holding 42,126 shares valued at approximately $4.99 million.
• Several institutional investors adjusted their positions in Airbnb, with holdings among these investors representing 80.76% of the company’s stock, showcasing significant investor interest in the company.
• Airbnb posted earnings of $1.03 per share, exceeding estimates of $0.92, with a revenue increase of 12.7% year-over-year, indicating ongoing growth despite market fluctuations.

Banco Bilbao Vizcaya Argentaria S.A. lessened its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 13.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,126 shares of the company's stock after selling 6,532 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Airbnb were worth $4,997,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. MJP Associates Inc. ADV increased its stake in Airbnb by 1.8% in the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock valued at $490,000 after acquiring an additional 67 shares during the last quarter. Ellevest Inc. grew its stake in shares of Airbnb by 3.1% during the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company's stock valued at $349,000 after buying an additional 80 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Airbnb by 12.2% during the first quarter. Harbour Investments Inc. now owns 738 shares of the company's stock valued at $88,000 after buying an additional 80 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in shares of Airbnb by 4.4% during the first quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company's stock valued at $237,000 after buying an additional 83 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Airbnb by 7.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,337 shares of the company's stock valued at $176,000 after buying an additional 90 shares during the last quarter. Institutional investors own 80.76% of the company's stock.

Airbnb Price Performance

NASDAQ ABNB opened at $124.96 on Thursday. The stock has a market capitalization of $77.66 billion, a PE ratio of 30.26, a PEG ratio of 2.30 and a beta of 1.13. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The business's 50-day moving average is $132.98 and its 200 day moving average is $130.58.

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

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the company's stock in a transaction that occurred 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 transaction, the director owned 944,015 shares in the company, valued at approximately $122,212,181.90. This represents a 20.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $132.28, for a total value of $826,750.00. Following the transaction, the chief financial officer owned 467,611 shares in the company, valued at $61,855,583.08. This trade represents a 1.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,690,493 shares of company stock worth $224,082,441. Company insiders own 27.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a research note on Friday, May 2nd. Morgan Stanley reduced their price objective on Airbnb from $130.00 to $120.00 and set an "underweight" rating on the stock in a research note on Thursday, August 7th. JPMorgan Chase & Co. raised their price objective on Airbnb from $120.00 to $130.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Canaccord Genuity Group reduced their price objective on Airbnb from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, BNP Paribas raised Airbnb to a "hold" rating in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Airbnb presently has an average rating of "Hold" and an average price target of $142.72.

Airbnb 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.

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