Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 168,200 shares of the company's stock after selling 7,900 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Airbnb were worth $21,329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ABNB. Farrow Financial Inc. boosted its stake in Airbnb by 1.0% during the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company's stock worth $1,087,000 after acquiring an additional 69 shares in the last quarter. Heritage Wealth Advisors increased its stake in shares of Airbnb by 55.0% in the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company's stock worth $33,000 after purchasing an additional 71 shares in the last quarter. GYL Financial Synergies LLC increased its position in Airbnb by 5.0% in the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company's stock worth $241,000 after buying an additional 76 shares in the last quarter. HB Wealth Management LLC increased its holdings in Airbnb by 1.6% in the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company's stock worth $749,000 after acquiring an additional 76 shares in the last quarter. Finally, Optas LLC raised its position in shares of Airbnb by 4.5% during the 2nd quarter. Optas LLC now owns 1,829 shares of the company's stock valued at $277,000 after purchasing an additional 78 shares during the period. Institutional investors own 80.76% of the company's stock.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now directly owns 198,244 shares in the company, valued at approximately $23,579,141.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the sale, the chief technology officer now directly owns 198,244 shares in the company, valued at $23,579,141.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Gebbia sold 42,719 shares of Airbnb stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the transaction, the director now directly owns 16,472 shares in the company, valued at $2,083,378.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 417,806 shares of company stock worth $51,809,831 in the last quarter. Corporate insiders own 27.83% of the company's stock.

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded up $0.95 during midday trading on Tuesday, reaching $137.82. The company's stock had a trading volume of 4,988,396 shares, compared to its average volume of 4,384,152. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $88.43 billion, a PE ratio of 18.75, a P/E/G ratio of 1.93 and a beta of 1.15. The stock has a fifty day moving average of $127.29 and a 200 day moving average of $137.91.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.06). The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. Airbnb's revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. On average, equities analysts expect that Airbnb, Inc. will post 4.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on ABNB shares. Raymond James began coverage on Airbnb in a research note on Friday, September 27th. They set a "market perform" rating and a $134.00 target price on the stock. Morgan Stanley raised their price target on Airbnb from $120.00 to $130.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 23rd. Argus lowered Airbnb from a "buy" rating to a "hold" rating in a research report on Wednesday, September 4th. Wedbush lowered their target price on shares of Airbnb from $165.00 to $135.00 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. Finally, Bank of America reissued a "hold" rating and issued a $142.00 price objective (up previously from $132.00) on shares of Airbnb in a research note on Friday, October 11th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $135.35.

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.