Airbnb, Inc. $ABNB Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,103 shares of the company’s stock after buying an additional 800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Airbnb were worth $2,395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Airbnb by 17.9% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,415 shares of the company’s stock worth $187,000 after buying an additional 215 shares during the last quarter. Everpar Advisors LLC acquired a new stake in shares of Airbnb during the 2nd quarter worth $221,000. Chemistry Wealth Management LLC increased its holdings in shares of Airbnb by 71.2% during the 2nd quarter. Chemistry Wealth Management LLC now owns 10,522 shares of the company’s stock worth $1,392,000 after buying an additional 4,375 shares during the last quarter. Hedges Asset Management LLC increased its holdings in shares of Airbnb by 7.0% during the 2nd quarter. Hedges Asset Management LLC now owns 3,050 shares of the company’s stock worth $404,000 after buying an additional 200 shares during the last quarter. Finally, Capital Asset Advisory Services LLC increased its holdings in shares of Airbnb by 11.3% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 19,264 shares of the company’s stock worth $2,609,000 after buying an additional 1,949 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Price Performance

NASDAQ:ABNB opened at $121.66 on Wednesday. The firm has a 50-day moving average of $129.82 and a two-hundred day moving average of $128.25. The stock has a market cap of $75.60 billion, a P/E ratio of 29.46, a PEG ratio of 2.20 and a beta of 1.13. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 EPS. As a group, equities analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $135.86, for a total value of $849,125.00. Following the completion of the transaction, the chief financial officer directly owned 461,361 shares of the company’s stock, valued at $62,680,505.46. This represents a 1.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO David C. Bernstein sold 5,000 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $142.00, for a total transaction of $710,000.00. Following the completion of the transaction, the chief accounting officer directly owned 42,619 shares of the company’s stock, valued at approximately $6,051,898. The trade was a 10.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,438,326 shares of company stock valued at $188,798,155. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. BNP Paribas raised shares of Airbnb to a “hold” rating in a research report on Wednesday, July 16th. Zacks Research raised shares of Airbnb to a “hold” rating in a research report on Tuesday, August 12th. Jefferies Financial Group decreased their price target on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Wedbush decreased their price target on shares of Airbnb from $135.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Finally, Phillip Securities raised shares of Airbnb from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $141.19.

About Airbnb

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.