Highland Capital Management LLC Sells 321 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Highland Capital Management LLC trimmed its position in Airbnb, Inc. (NASDAQ:ABNBGet Rating) by 0.8% in the second quarter, HoldingsChannel reports. The firm owned 40,672 shares of the company’s stock after selling 321 shares during the quarter. Highland Capital Management LLC’s holdings in Airbnb were worth $3,623,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ABNB. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Airbnb in the fourth quarter valued at about $25,000. City State Bank purchased a new position in Airbnb in the fourth quarter valued at about $25,000. Elequin Capital LP purchased a new position in Airbnb in the first quarter valued at about $27,000. Itau Unibanco Holding S.A. purchased a new position in Airbnb in the fourth quarter valued at about $28,000. Finally, Atticus Wealth Management LLC boosted its stake in Airbnb by 243.8% in the second quarter. Atticus Wealth Management LLC now owns 330 shares of the company’s stock valued at $29,000 after acquiring an additional 234 shares during the last quarter. 39.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on ABNB shares. Wolfe Research dropped their target price on shares of Airbnb from $130.00 to $110.00 and set a “peer perform” rating on the stock in a research note on Wednesday, June 15th. Canaccord Genuity Group dropped their target price on shares of Airbnb from $200.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Mizuho dropped their price target on shares of Airbnb from $175.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 3rd. DA Davidson dropped their price target on shares of Airbnb from $210.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Airbnb from $185.00 to $110.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $159.15.

Insider Activity at Airbnb

In related news, insider Joseph Gebbia sold 250,000 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $125.33, for a total transaction of $31,332,500.00. Following the transaction, the insider now owns 2,250,101 shares of the company’s stock, valued at approximately $282,005,158.33. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Joseph Gebbia sold 250,000 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $125.33, for a total transaction of $31,332,500.00. Following the transaction, the insider now owns 2,250,101 shares of the company’s stock, valued at approximately $282,005,158.33. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 2,500 shares of the stock in a transaction on Friday, July 1st. The shares were sold at an average price of $89.09, for a total transaction of $222,725.00. Following the transaction, the chief technology officer now directly owns 263,703 shares in the company, valued at approximately $23,493,300.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 849,169 shares of company stock valued at $96,762,160. Insiders own 32.69% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $103.72 on Friday. The company’s fifty day moving average price is $114.39 and its 200-day moving average price is $126.11. The firm has a market capitalization of $67.28 billion, a price-to-earnings ratio of 56.68 and a beta of 1.14. Airbnb, Inc. has a one year low of $86.71 and a one year high of $212.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.58 and a quick ratio of 1.58.

Airbnb (NASDAQ:ABNBGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. Airbnb had a net margin of 16.91% and a return on equity of 26.03%. During the same period last year, the business posted ($0.11) EPS. On average, equities research analysts anticipate that Airbnb, Inc. will post 2.25 earnings per share for the current fiscal year.

Airbnb Profile

(Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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