Columbia Asset Management Has $350,000 Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Columbia Asset Management lessened its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 14.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,309 shares of the company’s stock after selling 385 shares during the quarter. Columbia Asset Management’s holdings in Airbnb were worth $350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ABNB. Norges Bank acquired a new stake in Airbnb during the 4th quarter valued at approximately $619,584,000. Jennison Associates LLC increased its position in Airbnb by 57.9% during the 1st quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock valued at $1,753,860,000 after purchasing an additional 3,899,179 shares during the period. Price T Rowe Associates Inc. MD increased its position in Airbnb by 158.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after purchasing an additional 3,558,178 shares during the period. Edgewood Management LLC increased its position in Airbnb by 20.8% during the 4th quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock valued at $1,690,556,000 after purchasing an additional 2,135,529 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Airbnb by 19,052.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock valued at $256,784,000 after purchasing an additional 1,684,646 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity

In related news, CEO Brian Chesky sold 115,385 shares of Airbnb stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $147.25, for a total value of $16,990,441.25. Following the completion of the sale, the chief executive officer now owns 14,145,072 shares of the company’s stock, valued at approximately $2,082,861,852. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Brian Chesky sold 115,385 shares of Airbnb stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $147.25, for a total value of $16,990,441.25. Following the completion of the sale, the chief executive officer now owns 14,145,072 shares of the company’s stock, valued at approximately $2,082,861,852. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $147.97, for a total value of $88,782.00. Following the completion of the sale, the chief technology officer now directly owns 210,574 shares of the company’s stock, valued at approximately $31,158,634.78. The disclosure for this sale can be found here. Insiders sold a total of 612,907 shares of company stock valued at $91,473,471 in the last ninety days. 27.83% of the stock is currently owned by insiders.

Airbnb Trading Up 0.8 %

Shares of Airbnb stock opened at $116.16 on Friday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm has a market cap of $74.81 billion, a PE ratio of 15.55, a P/E/G ratio of 1.55 and a beta of 1.16. The stock has a fifty day moving average price of $132.52 and a 200-day moving average price of $147.29. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the prior year, the business earned $0.98 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts anticipate that Airbnb, Inc. will post 4.43 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on ABNB. The Goldman Sachs Group cut their price target on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Benchmark restated a “buy” rating and set a $155.00 price target on shares of Airbnb in a report on Monday, August 26th. UBS Group cut their price target on Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft cut their price target on Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Finally, Truist Financial cut their price target on Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $134.48.

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.