MidWestOne Financial Group Inc. Has $271,000 Stake in Airbnb, Inc. (NASDAQ:ABNB)

MidWestOne Financial Group Inc. decreased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 54.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,786 shares of the company’s stock after selling 2,109 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Airbnb were worth $271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Focus Financial Network Inc. ADV bought a new position in Airbnb in the 4th quarter valued at about $218,000. California State Teachers Retirement System increased its holdings in Airbnb by 4.5% in the 4th quarter. California State Teachers Retirement System now owns 689,770 shares of the company’s stock valued at $93,905,000 after buying an additional 29,615 shares during the period. Campbell & CO Investment Adviser LLC increased its holdings in Airbnb by 72.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 4,044 shares of the company’s stock valued at $551,000 after buying an additional 1,695 shares during the period. Jones Financial Companies Lllp increased its holdings in Airbnb by 204.0% in the 4th quarter. Jones Financial Companies Lllp now owns 526 shares of the company’s stock valued at $72,000 after buying an additional 353 shares during the period. Finally, NEOS Investment Management LLC increased its holdings in Airbnb by 44.1% in the 4th quarter. NEOS Investment Management LLC now owns 20,462 shares of the company’s stock valued at $2,786,000 after buying an additional 6,260 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $152.92, for a total transaction of $91,752.00. Following the transaction, the chief technology officer now owns 208,174 shares in the company, valued at approximately $31,833,968.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $152.92, for a total transaction of $91,752.00. Following the completion of the sale, the chief technology officer now owns 208,174 shares in the company, valued at approximately $31,833,968.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $750,000.00. Following the completion of the sale, the chief financial officer now owns 537,072 shares of the company’s stock, valued at approximately $64,448,640. The disclosure for this sale can be found here. Insiders have sold 552,989 shares of company stock worth $75,824,030 in the last quarter. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Down 0.8 %

Airbnb stock opened at $128.25 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The firm’s fifty day moving average is $123.75 and its 200 day moving average is $143.42. The company has a market capitalization of $82.60 billion, a PE ratio of 17.17, a PEG ratio of 1.72 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ABNB has been the topic of several recent analyst reports. Cantor Fitzgerald reissued an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a report on Monday, September 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. Truist Financial decreased their price target on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. BMO Capital Markets decreased their price target on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Finally, B. Riley decreased their price target on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average price target of $134.16.

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.