Airbnb, Inc. $ABNB Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB trimmed its stake in Airbnb, Inc. (NASDAQ:ABNB) by 95.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 11,694 shares of the company’s stock after selling 247,237 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Airbnb were worth $1,477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new position in shares of Airbnb during the third quarter worth about $25,000. ORG Partners LLC lifted its position in Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC lifted its position in Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares during the last quarter. Entrust Financial LLC acquired a new position in Airbnb during the 4th quarter valued at about $27,000. Finally, Sunbelt Securities Inc. boosted its stake in Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ABNB shares. Susquehanna raised their price target on shares of Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Wedbush raised Airbnb from a “neutral” rating to a “neutral” rating in a report on Monday, May 4th. Benchmark boosted their price objective on Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Evercore reissued an “outperform” rating on shares of Airbnb in a report on Friday, May 8th. Finally, Mizuho increased their price objective on Airbnb from $156.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Airbnb presently has an average rating of “Moderate Buy” and a consensus target price of $157.96.

Insider Activity

In other news, insider Nathan Blecharczyk sold 60,136 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $145.70, for a total value of $8,761,815.20. Following the completion of the transaction, the insider directly owned 11,920 shares in the company, valued at $1,736,744. This trade represents a 83.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 265,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $135.45, for a total transaction of $35,894,250.00. Following the transaction, the director owned 3,182,355 shares in the company, valued at $431,049,984.75. This represents a 7.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,914,860 shares of company stock worth $259,869,869 over the last three months. Corporate insiders own 27.21% of the company’s stock.

Airbnb Stock Performance

ABNB stock opened at $142.41 on Monday. The company has a market capitalization of $85.83 billion, a P/E ratio of 35.08, a PEG ratio of 1.53 and a beta of 1.16. The company has a 50-day simple moving average of $136.36 and a 200 day simple moving average of $132.19. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. Sell-side analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

About Airbnb

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.