Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Mizuho Markets Americas LLC

Key Points

• Mizuho Markets Americas LLC has reduced its holdings in Airbnb, Inc. by 22.9%, owning 17,906 shares after selling 5,305 shares in the first quarter.
• Wall Street analysts have mixed ratings for Airbnb, with five sell ratings, 16 hold ratings, and 13 buy ratings, resulting in an average price target of $143.59.
• Insiders have recently sold significant amounts of Airbnb stock, with CEO Brian Chesky and Director Joseph Gebbia selling a combined over $33 million worth of shares in the past few months.

Mizuho Markets Americas LLC cut its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 22.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,906 shares of the company's stock after selling 5,305 shares during the period. Mizuho Markets Americas LLC's holdings in Airbnb were worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in ABNB. Park Square Financial Group LLC purchased a new stake in shares of Airbnb in the fourth quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new stake in shares of Airbnb in the fourth quarter valued at approximately $28,000. Stonebridge Financial Group LLC grew its position in shares of Airbnb by 75.7% in the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after purchasing an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC lifted its holdings in Airbnb by 209.6% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after acquiring an additional 174 shares during the last quarter. Finally, BankPlus Trust Department acquired a new position in Airbnb in the first quarter valued at approximately $43,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Performance

Shares of ABNB stock traded up $2.94 during mid-day trading on Wednesday, hitting $124.55. 6,650,458 shares of the stock were exchanged, compared to its average volume of 5,344,047. The stock's fifty day simple moving average is $134.51 and its two-hundred day simple moving average is $130.82. The stock has a market capitalization of $78.02 billion, a price-to-earnings ratio of 30.16, a P/E/G ratio of 2.16 and a beta of 1.13. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%. The business's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 earnings per share. On average, research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ABNB. Truist Financial reiterated a "sell" rating and issued a $106.00 price objective (down from $112.00) on shares of Airbnb in a report on Friday, May 30th. Benchmark decreased their price objective on Airbnb from $178.00 to $155.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. DA Davidson upgraded Airbnb from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $170.00 to $155.00 in a report on Wednesday, April 30th. B. Riley decreased their price objective on Airbnb from $145.00 to $140.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Finally, Wells Fargo & Company set a $110.00 price target on Airbnb and gave the stock an "underweight" rating in a research note on Thursday, August 7th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $142.72.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $139.40, for a total transaction of $32,898,400.00. Following the completion of the sale, the director owned 1,180,015 shares in the company, valued at approximately $164,494,091. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $132.28, for a total transaction of $826,750.00. Following the sale, the chief financial officer owned 467,611 shares of the company's stock, 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. Over the last 90 days, insiders have sold 1,671,023 shares of company stock valued at $223,195,427. 27.91% of the stock is currently owned by insiders.

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.