Banco Bilbao Vizcaya Argentaria S.A. Sells 6,532 Shares of Airbnb, Inc. $ABNB

Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in Airbnb, Inc. (NASDAQ:ABNB) by 13.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,126 shares of the company’s stock after selling 6,532 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Airbnb were worth $4,997,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Park Square Financial Group LLC bought a new stake in shares of Airbnb in the 4th quarter worth approximately $26,000. Orion Capital Management LLC bought a new position in Airbnb in the 4th quarter valued at approximately $28,000. Stonebridge Financial Group LLC lifted its position in Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after acquiring an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC lifted its position in Airbnb by 209.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock valued at $31,000 after acquiring an additional 174 shares in the last quarter. Finally, SouthState Corp lifted its position in Airbnb by 216.1% in the 1st quarter. SouthState Corp now owns 294 shares of the company’s stock valued at $35,000 after acquiring an additional 201 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO David C. Bernstein sold 5,000 shares of the company’s stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $142.00, for a total value of $710,000.00. Following the completion of the sale, the chief accounting officer directly owned 42,619 shares in the company, valued at $6,051,898. This represents a 10.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 236,000 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $125.36, for a total value of $29,584,960.00. Following the completion of the sale, the director owned 15 shares of the company’s stock, valued at $1,880.40. This trade represents a 99.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,690,493 shares of company stock valued at $224,082,441. Company insiders own 27.91% of the company’s stock.

Airbnb Trading Down 0.8%

Shares of ABNB opened at $124.96 on Thursday. The firm has a market cap of $77.66 billion, a PE ratio of 30.26, a P/E/G ratio of 2.30 and a beta of 1.13. The firm has a fifty day simple moving average of $132.98 and a two-hundred day simple moving average of $130.58. 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 EPS for the quarter, topping the consensus estimate of $0.92 by $0.11. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.Airbnb’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Evercore ISI lowered their price objective on Airbnb from $165.00 to $145.00 and set an “in-line” rating on the stock in a research report on Friday, May 2nd. B. Riley lowered their price objective on Airbnb from $145.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Phillip Securities raised Airbnb from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $142.72.

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.