Greenleaf Trust Sells 675 Shares of Airbnb, Inc. $ABNB

Greenleaf Trust trimmed its stake in Airbnb, Inc. (NASDAQ:ABNB) by 23.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,183 shares of the company’s stock after selling 675 shares during the period. Greenleaf Trust’s holdings in Airbnb were worth $289,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Kentucky Trust Co bought a new position in shares of Airbnb in the second quarter worth approximately $25,000. Stonebridge Financial Group LLC increased its position in shares of Airbnb by 75.7% in the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock worth $29,000 after purchasing an additional 106 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its position in shares of Airbnb by 209.6% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock worth $31,000 after purchasing an additional 174 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in shares of Airbnb by 363.6% in the second quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Finally, SouthState Corp increased its position in shares of Airbnb by 216.1% in the first quarter. SouthState Corp now owns 294 shares of the company’s stock worth $35,000 after purchasing an additional 201 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $125.36, for a total transaction of $29,584,960.00. Following the completion of the transaction, the director directly owned 15 shares in the company, valued at approximately $1,880.40. This represents a 99.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $135.86, for a total value of $849,125.00. Following the transaction, the chief financial officer owned 461,361 shares of the company’s stock, valued at $62,680,505.46. This represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,673,726 shares of company stock worth $215,816,143. 27.91% of the stock is currently owned by insiders.

Analyst Ratings Changes

ABNB has been the topic of a number of recent research reports. Zacks Research upgraded shares of Airbnb to a “hold” rating in a research report on Tuesday, August 12th. BMO Capital Markets set a $124.00 target price on shares of Airbnb and gave the company a “market perform” rating in a report on Thursday, August 7th. BNP Paribas raised shares of Airbnb to a “hold” rating in a report on Wednesday, July 16th. Jefferies Financial Group reduced their target price on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Finally, Phillip Securities raised shares of Airbnb from a “moderate sell” rating to a “hold” rating in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $141.81.

Airbnb Price Performance

ABNB stock opened at $120.22 on Friday. The company has a market capitalization of $74.71 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.19 and a beta of 1.10. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The business has a 50 day simple moving average of $125.86 and a two-hundred day simple moving average of $127.58.

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