Mn Services Vermogensbeheer B.V. Sells 12,300 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Mn Services Vermogensbeheer B.V. lowered its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,300 shares of the company's stock after selling 12,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Airbnb were worth $19,030,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. MJP Associates Inc. ADV increased its stake in shares of Airbnb by 1.8% in the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock valued at $490,000 after purchasing an additional 67 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Airbnb by 1.4% during the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock worth $728,000 after buying an additional 78 shares during the last quarter. Ellevest Inc. boosted its stake in Airbnb by 3.1% in 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 in the last quarter. Manchester Capital Management LLC grew its position in Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock valued at $69,000 after acquiring an additional 81 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in Airbnb by 7.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,337 shares of the company's stock worth $176,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 80.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ABNB shares. Needham & Company LLC restated a "hold" rating on shares of Airbnb in a research note on Wednesday, May 14th. Jefferies Financial Group upgraded shares of Airbnb from a "hold" rating to a "buy" rating and raised their target price for the company from $165.00 to $185.00 in a research report on Monday, March 10th. Argus raised shares of Airbnb from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Citigroup dropped their price target on Airbnb from $170.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. cut their price objective on Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Five investment 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 stock. Based on data from MarketBeat, Airbnb has an average rating of "Hold" and a consensus price target of $141.23.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 2,245 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $134.03, for a total value of $300,897.35. Following the transaction, the insider now owns 188,173 shares of the company's stock, valued at approximately $25,220,827.19. This trade represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $139.40, for a total value of $32,898,400.00. Following the transaction, the director now owns 1,180,015 shares of the company's stock, valued at $164,494,091. This trade represents a 16.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,624,572 shares of company stock valued at $203,515,022. 27.91% of the stock is owned by company insiders.

Airbnb Stock Performance

NASDAQ:ABNB opened at $135.54 on Monday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a fifty day moving average of $126.31 and a 200-day moving average of $130.68. The firm has a market capitalization of $84.90 billion, a P/E ratio of 32.82, a P/E/G ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

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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