Mn Services Vermogensbeheer B.V. Trims Holdings in Airbnb, Inc. $ABNB

Mn Services Vermogensbeheer B.V. cut its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 51.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 79,300 shares of the company’s stock after selling 85,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Airbnb were worth $9,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Caxton Associates LLP purchased a new stake in Airbnb in the 1st quarter worth approximately $258,000. Intech Investment Management LLC lifted its stake in shares of Airbnb by 55.8% during the 1st quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock worth $1,453,000 after purchasing an additional 4,353 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of Airbnb by 18.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after purchasing an additional 927 shares during the period. Perigon Wealth Management LLC boosted its holdings in shares of Airbnb by 164.7% during the second quarter. Perigon Wealth Management LLC now owns 7,989 shares of the company’s stock worth $1,057,000 after purchasing an additional 4,971 shares during the last quarter. Finally, CX Institutional grew its position in shares of Airbnb by 21.8% in the second quarter. CX Institutional now owns 2,048 shares of the company’s stock valued at $271,000 after purchasing an additional 367 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on ABNB shares. Wells Fargo & Company set a $128.00 target price on Airbnb and gave the company an “equal weight” rating in a research note on Friday, January 9th. Sanford C. Bernstein dropped their price objective on shares of Airbnb from $165.00 to $162.00 and set an “outperform” rating for the company in a research note on Tuesday, January 6th. B. Riley upgraded shares of Airbnb from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $140.00 to $170.00 in a report on Monday, January 12th. Wedbush boosted their target price on shares of Airbnb from $130.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Finally, Truist Financial upped their price target on shares of Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $147.84.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $132.15 on Monday. The stock has a 50-day simple moving average of $128.86 and a 200-day simple moving average of $127.52. The stock has a market capitalization of $81.34 billion, a P/E ratio of 31.39, a PEG ratio of 2.05 and a beta of 1.09. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the firm earned $2.13 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $120.66, for a total value of $28,475,760.00. Following the transaction, the director directly owned 232,015 shares of the company’s stock, valued at $27,994,929.90. This trade represents a 50.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 51,230 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80. Following the transaction, the chief executive officer owned 45,854 shares in the company, valued at approximately $6,014,210.64. This represents a 52.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,152,372 shares of company stock valued at $141,414,638. Company insiders own 27.83% of the company’s stock.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.