Mn Services Vermogensbeheer B.V. Buys 5,400 Shares of Airbnb, Inc. $ABNB

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Airbnb by 3.4%, acquiring 5,400 additional shares, bringing its total holdings to 164,700 shares valued at approximately $21.80 million.
• Several institutional investors have recently increased their stakes in Airbnb, with State of Wyoming growing its holdings by 123.2% in the fourth quarter and UBS AM increasing its holdings by 11.7%.
• Airbnb's latest earnings report exceeded expectations, posting an EPS of $1.03 compared to estimates of $0.92, and revenue of $3.10 billion, up 12.7% year-over-year.

Mn Services Vermogensbeheer B.V. grew its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,700 shares of the company's stock after buying an additional 5,400 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Airbnb were worth $21,796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sit Investment Associates Inc. grew its stake in Airbnb by 42.8% in the 1st quarter. Sit Investment Associates Inc. now owns 16,870 shares of the company's stock worth $2,015,000 after buying an additional 5,060 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its stake in Airbnb by 74.8% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 20,514 shares of the company's stock worth $2,451,000 after buying an additional 8,780 shares in the last quarter. Plato Investment Management Ltd grew its stake in Airbnb by 53.1% in the 1st quarter. Plato Investment Management Ltd now owns 18,974 shares of the company's stock worth $2,291,000 after buying an additional 6,579 shares in the last quarter. Acadian Asset Management LLC grew its stake in Airbnb by 52.9% in the 1st quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company's stock worth $293,590,000 after buying an additional 850,719 shares in the last quarter. Finally, Ritholtz Wealth Management grew its stake in Airbnb by 10.0% in the 1st quarter. Ritholtz Wealth Management now owns 5,328 shares of the company's stock worth $636,000 after buying an additional 484 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Stock Performance

NASDAQ:ABNB traded down $1.60 during midday trading on Monday, reaching $125.44. 5,589,506 shares of the stock traded hands, compared to its average volume of 4,704,201. The company has a fifty day moving average of $128.89 and a 200 day moving average of $127.79. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The stock has a market capitalization of $77.95 billion, a P/E ratio of 30.37, a PEG ratio of 2.32 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the business posted $0.86 EPS. The firm's revenue was up 12.7% compared to the same quarter last year. On average, analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $135.86, for a total value of $849,125.00. Following the completion of the transaction, the chief financial officer directly owned 461,361 shares in the company, valued at approximately $62,680,505.46. This represents a 1.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the company's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $138.83, for a total transaction of $32,763,880.00. Following the completion of the transaction, the director owned 472,015 shares of the company's stock, valued at $65,529,842.45. This trade represents a 33.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,438,326 shares of company stock valued at $186,739,837 over the last quarter. Company insiders own 27.83% of the company's stock.

Analyst Ratings Changes

ABNB has been the subject of a number of research reports. BNP Paribas raised shares of Airbnb to a "hold" rating in a research note on Wednesday, July 16th. UBS Group cut their price objective on shares of Airbnb from $156.00 to $148.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Phillip Securities raised shares of Airbnb from a "moderate sell" rating to a "hold" rating in a research note on Friday, August 8th. Barclays set a $105.00 price objective on shares of Airbnb and gave the company an "underweight" rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company set a $110.00 price objective on shares of Airbnb and gave the company an "underweight" rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $141.19.

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.