Airbnb, Inc. $ABNB Shares Sold by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 58.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,717 shares of the company’s stock after selling 441,712 shares during the period. Amova Asset Management Americas Inc.’s holdings in Airbnb were worth $39,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI raised its position in Airbnb by 1.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock worth $727,000 after acquiring an additional 76 shares during the period. Earned Wealth Advisors LLC grew its position in shares of Airbnb by 9.6% in the first quarter. Earned Wealth Advisors LLC now owns 5,853 shares of the company’s stock valued at $739,000 after purchasing an additional 515 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after purchasing an additional 105 shares in the last quarter. Meeder Advisory Services Inc. increased its stake in shares of Airbnb by 9.1% during the first quarter. Meeder Advisory Services Inc. now owns 7,281 shares of the company’s stock worth $919,000 after purchasing an additional 605 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Airbnb by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,101,523 shares of the company’s stock worth $139,069,000 after purchasing an additional 27,077 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Down 0.7%

ABNB opened at $144.94 on Tuesday. The firm has a market capitalization of $87.36 billion, a price-to-earnings ratio of 35.70, a price-to-earnings-growth ratio of 1.56 and a beta of 1.14. The company’s 50 day simple moving average is $139.29 and its two-hundred day simple moving average is $134.46. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $150.88. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the business posted $0.24 EPS. Airbnb’s revenue for the quarter was up 17.9% compared to the same quarter last year. Analysts expect that Airbnb, Inc. will post 4.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. HSBC lowered shares of Airbnb from a “hold” rating to a “hold” rating in a research note on Monday, May 4th. Cantor Fitzgerald raised Airbnb from a “neutral” rating to an “overweight” rating in a report on Monday, May 4th. Royal Bank Of Canada restated an “outperform” rating and issued a $173.00 target price on shares of Airbnb in a research report on Thursday, May 21st. Rodman & Renshaw initiated coverage on Airbnb in a research note on Monday, May 4th. They issued a “buy” rating on the stock. Finally, Raymond James Financial upgraded Airbnb from a “market perform” rating to a “strong-buy” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Airbnb has a consensus rating of “Moderate Buy” and a consensus price target of $159.65.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 13,615 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $148.37, for a total value of $2,020,057.55. Following the completion of the sale, the insider directly owned 81,677 shares of the company’s stock, valued at $12,118,416.49. This trade represents a 14.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $148.01, for a total value of $555,037.50. Following the transaction, the chief financial officer owned 445,290 shares in the company, valued at approximately $65,907,372.90. This represents a 0.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,256,652 shares of company stock valued at $312,089,856 in the last quarter. Corporate insiders own 27.21% of the company’s stock.

Airbnb 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.