STF Management LP Sells 325 Shares of Airbnb, Inc. (NASDAQ:ABNB)

STF Management LP cut its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,042 shares of the company’s stock after selling 325 shares during the period. STF Management LP’s holdings in Airbnb were worth $1,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Airbnb by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after buying an additional 791,149 shares during the period. Edgewood Management LLC lifted its holdings in shares of Airbnb by 20.8% in the 4th quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock worth $1,690,556,000 after acquiring an additional 2,135,529 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Airbnb by 57.9% during the 1st quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock worth $1,753,860,000 after purchasing an additional 3,899,179 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 worth $958,279,000 after purchasing an additional 3,558,178 shares during the period. Finally, Norges Bank bought a new position in Airbnb during the 4th quarter valued at about $619,584,000. 80.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ABNB has been the subject of several analyst reports. Robert W. Baird decreased their price objective on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Bank of America dropped their price objective on Airbnb from $160.00 to $132.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Piper Sandler reduced their target price on Airbnb from $155.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Jefferies Financial Group lowered their target price on shares of Airbnb from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, UBS Group reduced their price target on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $133.45.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $149.90, for a total value of $89,940.00. Following the completion of the transaction, the chief technology officer now directly owns 209,974 shares of the company’s stock, valued at approximately $31,475,102.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $149.90, for a total value of $89,940.00. Following the transaction, the chief technology officer now directly owns 209,974 shares of the company’s stock, valued at approximately $31,475,102.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 115,385 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $148.68, for a total value of $17,155,441.80. Following the completion of the transaction, the chief executive officer now owns 14,029,687 shares of the company’s stock, valued at approximately $2,085,933,863.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 449,932 shares of company stock worth $67,352,949. Insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of ABNB opened at $117.75 on Monday. The company has a 50 day moving average of $128.14 and a two-hundred day moving average of $145.73. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a market cap of $75.84 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the business earned $0.98 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, analysts predict that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal year.

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.