Airbnb, Inc. $ABNB Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 43.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,194 shares of the company’s stock after selling 17,968 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Airbnb were worth $3,069,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Airbnb by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company’s stock worth $4,475,286,000 after acquiring an additional 604,120 shares in the last quarter. Harris Associates L P boosted its holdings in shares of Airbnb by 86.0% in the 1st quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock valued at $1,188,024,000 after buying an additional 4,598,125 shares during the period. Northern Trust Corp boosted its holdings in shares of Airbnb by 2.5% in the 1st quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock valued at $525,979,000 after buying an additional 106,135 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Airbnb by 81.0% in the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after buying an additional 1,916,676 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Airbnb by 74.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company’s stock valued at $388,924,000 after buying an additional 1,389,251 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $128.47, for a total transaction of $30,318,920.00. Following the sale, the director directly owned 468,015 shares in the company, valued at approximately $60,125,887.05. The trade was a 33.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $127.53, for a total transaction of $76,518.00. Following the sale, the chief technology officer owned 196,606 shares in the company, valued at $25,073,163.18. This trade represents a 0.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,674,660 shares of company stock worth $209,287,707. 27.91% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on ABNB shares. Morgan Stanley decreased their price target on shares of Airbnb from $130.00 to $120.00 and set an “underweight” rating for the company in a report on Thursday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. BMO Capital Markets set a $124.00 price target on shares of Airbnb and gave the company a “market perform” rating in a report on Thursday, August 7th. UBS Group decreased their price target on shares of Airbnb from $148.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Finally, Wedbush reduced their target price on shares of Airbnb from $135.00 to $130.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $141.70.

Airbnb Stock Down 1.2%

Airbnb stock opened at $126.48 on Thursday. The firm has a 50-day moving average price of $124.62 and a two-hundred day moving average price of $128.28. The firm has a market capitalization of $78.60 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 2.33 and a beta of 1.10. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.

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