Byrne Asset Management LLC Sells 93 Shares of Airbnb, Inc. $ABNB

Byrne Asset Management LLC decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 21.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 349 shares of the company’s stock after selling 93 shares during the quarter. Byrne Asset Management LLC’s holdings in Airbnb were worth $46,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Czech National Bank increased its holdings in shares of Airbnb by 6.1% during the second quarter. Czech National Bank now owns 105,522 shares of the company’s stock valued at $13,965,000 after acquiring an additional 6,097 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Airbnb by 4.6% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 18,103 shares of the company’s stock valued at $2,395,000 after acquiring an additional 800 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Airbnb by 17.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,415 shares of the company’s stock valued at $187,000 after acquiring an additional 215 shares in the last quarter. Everpar Advisors LLC bought a new stake in shares of Airbnb during the second quarter valued at approximately $221,000. Finally, Chemistry Wealth Management LLC increased its holdings in shares of Airbnb by 71.2% during the second quarter. Chemistry Wealth Management LLC now owns 10,522 shares of the company’s stock valued at $1,392,000 after acquiring an additional 4,375 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ABNB shares. Phillip Securities upgraded Airbnb from a “moderate sell” rating to a “hold” rating in a report on Friday, August 8th. Citizens Jmp upgraded Airbnb to a “hold” rating in a report on Monday, August 11th. BMO Capital Markets set a $124.00 price target on Airbnb and gave the stock a “market perform” rating in a report on Thursday, August 7th. Zacks Research upgraded Airbnb to a “hold” rating in a report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. upped their price target on Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Two investment 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 stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $141.19.

Airbnb Stock Performance

Shares of ABNB opened at $121.66 on Wednesday. The stock’s 50-day simple moving average is $129.82 and its 200 day simple moving average is $128.25. The stock has a market capitalization of $75.60 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 2.20 and a beta of 1.13. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.

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

Insider Buying and Selling at Airbnb

In related news, CAO David C. Bernstein sold 5,000 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $142.00, for a total transaction of $710,000.00. Following the sale, the chief accounting officer owned 42,619 shares of the company’s stock, valued at approximately $6,051,898. This represents a 10.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $124.96, for a total value of $74,976.00. Following the sale, the chief technology officer directly owned 202,006 shares in the company, valued at $25,242,669.76. This trade represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,438,326 shares of company stock worth $188,798,155 in the last three months. 27.83% of the stock is currently owned by corporate insiders.

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.