Teza Capital Management LLC Sells 3,612 Shares of Airbnb, Inc. $ABNB

Teza Capital Management LLC cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 39.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,489 shares of the company’s stock after selling 3,612 shares during the period. Teza Capital Management LLC’s holdings in Airbnb were worth $656,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ABNB. Park Square Financial Group LLC bought a new position in Airbnb in the 4th quarter valued at $26,000. Orion Capital Management LLC bought a new position in Airbnb in the 4th quarter valued at $28,000. Stonebridge Financial Group LLC boosted its position in Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after buying an additional 106 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its position in Airbnb by 209.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock valued at $31,000 after buying an additional 174 shares during the last quarter. Finally, SouthState Corp boosted its position in Airbnb by 216.1% in the 1st quarter. SouthState Corp now owns 294 shares of the company’s stock valued at $35,000 after buying an additional 201 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ABNB. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Wednesday, May 14th. Citizens Jmp upgraded Airbnb to a “hold” rating in a research report on Monday, August 11th. Wedbush decreased their price objective on Airbnb from $135.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. UBS Group decreased their price objective on Airbnb from $156.00 to $148.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Finally, BTIG Research restated a “neutral” rating on shares of Airbnb in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Airbnb currently has an average rating of “Hold” and a consensus price target of $142.66.

Insider Buying and Selling at Airbnb

In related news, insider Nathan Blecharczyk sold 2,246 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total transaction of $281,199.20. Following the sale, the insider owned 182,514 shares of the company’s stock, valued at approximately $22,850,752.80. This trade represents a 1.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Elinor Mertz sold 4,630 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $128.42, for a total value of $594,584.60. Following the sale, the chief financial officer directly owned 444,070 shares in the company, valued at $57,027,469.40. The trade was a 1.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,438,926 shares of company stock worth $188,880,433 in the last three months. 27.83% of the stock is owned by insiders.

Airbnb Stock Down 1.2%

NASDAQ:ABNB opened at $123.81 on Monday. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The firm has a market capitalization of $76.94 billion, a P/E ratio of 29.98, a P/E/G ratio of 2.26 and a beta of 1.13. The stock’s fifty day simple moving average is $131.64 and its 200-day simple moving average is $129.11.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results 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. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the company earned $0.86 EPS. The firm’s revenue was up 12.7% on a year-over-year basis. As a group, equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current 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.