Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC reduced its stake in Airbnb, Inc. (NASDAQ:ABNB) by 14.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,683 shares of the company’s stock after selling 276 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Airbnb were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Transcendent Capital Group LLC bought a new position in Airbnb during the 1st quarter valued at $25,000. New Millennium Group LLC acquired a new stake in shares of Airbnb in the second quarter valued at $28,000. Trust Co. of Vermont bought a new position in Airbnb during the fourth quarter valued at about $27,000. Westend Capital Management LLC acquired a new position in Airbnb during the first quarter worth about $33,000. Finally, Northwest Investment Counselors LLC bought a new stake in Airbnb in the first quarter worth about $33,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Trading Up 1.2 %

NASDAQ:ABNB opened at $117.36 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $75.59 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.52 and a beta of 1.16. The stock’s 50 day moving average price is $128.84 and its 200 day moving average price is $146.05. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the company earned $0.98 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, research analysts forecast that Airbnb, Inc. will post 4.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several recent research reports. UBS Group lowered their price objective on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Susquehanna cut their price objective on Airbnb from $180.00 to $130.00 and set a “positive” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada decreased their target price on Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Argus downgraded Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Jefferies Financial Group dropped their price target on Airbnb from $125.00 to $120.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Airbnb has a consensus rating of “Hold” and an average target price of $134.48.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $152.92, for a total value of $91,752.00. Following the completion of the sale, the chief technology officer now owns 208,174 shares of the company’s stock, valued at $31,833,968.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO David C. Bernstein sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $145.88, for a total value of $145,880.00. Following the sale, the chief accounting officer now directly owns 44,043 shares of the company’s stock, valued at $6,424,992.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $152.92, for a total value of $91,752.00. Following the transaction, the chief technology officer now directly owns 208,174 shares of the company’s stock, valued at approximately $31,833,968.08. The disclosure for this sale can be found here. Insiders have sold a total of 449,932 shares of company stock worth $67,352,949 over the last three months. Corporate insiders own 27.83% of the company’s stock.

Airbnb 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.