E. Ohman J or Asset Management AB Cuts Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

E. Ohman J or Asset Management AB decreased its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,441 shares of the company's stock after selling 38,495 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Airbnb were worth $26,573,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in Airbnb in the 4th quarter worth about $25,000. Park Square Financial Group LLC purchased a new position in shares of Airbnb in the 4th quarter worth approximately $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb in the 4th quarter worth approximately $28,000. Graney & King LLC bought a new position in shares of Airbnb in the fourth quarter valued at approximately $32,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 80.76% of the company's stock.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several research analyst reports. Susquehanna cut their price objective on Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a research report on Monday, May 5th. B. Riley lowered their target price on Airbnb from $145.00 to $140.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. JMP Securities restated a "market perform" rating on shares of Airbnb in a research report on Friday, May 2nd. UBS Group decreased their price objective on shares of Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, Evercore ISI lowered their price objective on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $141.23.

Insider Activity

In related news, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $128.66, for a total value of $30,363,760.00. Following the transaction, the director now owns 1,416,015 shares of the company's stock, valued at $182,184,489.90. This represents a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $130.18, for a total value of $91,126.00. Following the sale, the chief technology officer now directly owns 172,119 shares of the company's stock, valued at approximately $22,406,451.42. This trade represents a 0.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,635,768 shares of company stock worth $201,921,499. 27.91% of the stock is currently owned by corporate insiders.

Airbnb Price Performance

Airbnb stock opened at $137.28 on Friday. The stock has a market cap of $85.99 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 3.52 and a beta of 1.14. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $123.22 and a 200 day simple moving average of $130.69. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. On average, research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share 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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