Mutual of America Capital Management LLC Sells 1,504 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Mutual of America Capital Management LLC decreased its position in Airbnb, Inc. (NASDAQ:ABNB) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,212 shares of the company’s stock after selling 1,504 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Airbnb were worth $6,875,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new stake in Airbnb in the 1st quarter valued at about $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb during the third quarter valued at approximately $25,000. Hollencrest Capital Management lifted its holdings in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the period. New Millennium Group LLC bought a new position in Airbnb in the 2nd quarter valued at $28,000. Finally, Cultivar Capital Inc. bought a new position in Airbnb in the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ABNB shares. Truist Financial cut their price target on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Raymond James assumed coverage on shares of Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 target price for the company. The Goldman Sachs Group lowered their price target on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Susquehanna increased their price objective on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a report on Monday, November 11th. Finally, Barclays boosted their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $138.97.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of the sale, the chief executive officer now owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. The trade was a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 42,719 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 16,472 shares in the company, valued at $2,083,378.56. This represents a 72.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 417,206 shares of company stock valued at $51,738,467 over the last three months. Insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $132.19 on Tuesday. The stock’s 50-day moving average is $131.30 and its 200 day moving average is $136.26. The stock has a market cap of $83.80 billion, a price-to-earnings ratio of 46.38, a P/E/G ratio of 1.87 and a beta of 1.15. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the firm posted $2.39 earnings per share. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.04 EPS 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.