Amiral Gestion Cuts Stock Holdings in Airbnb, Inc. $ABNB

Amiral Gestion reduced its stake in Airbnb, Inc. (NASDAQ:ABNB) by 76.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,800 shares of the company’s stock after selling 18,600 shares during the period. Airbnb makes up 0.3% of Amiral Gestion’s portfolio, making the stock its 18th largest holding. Amiral Gestion’s holdings in Airbnb were worth $768,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in ABNB. Kentucky Trust Co purchased a new stake in shares of Airbnb in the second quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. Concord Wealth Partners bought a new stake in Airbnb in the 2nd quarter worth approximately $28,000. Whipplewood Advisors LLC raised its holdings in shares of Airbnb by 235.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after acquiring an additional 160 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its position in shares of Airbnb by 363.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock valued at $34,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $165.00 target price on shares of Airbnb in a report on Friday, November 7th. UBS Group lifted their price objective on shares of Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Truist Financial boosted their target price on shares of Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a report on Thursday, December 4th. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a research report on Friday, November 7th. Finally, KeyCorp started coverage on Airbnb in a research report on Thursday, October 23rd. They set a “sector weight” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Airbnb has an average rating of “Hold” and a consensus price target of $143.88.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $128.39 on Monday. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The firm has a 50-day simple moving average of $121.99 and a two-hundred day simple moving average of $127.39. The company has a market cap of $79.03 billion, a P/E ratio of 30.50, a PEG ratio of 2.26 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the company posted $2.13 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $118.47, for a total value of $6,871,260.00. Following the transaction, the director directly owned 692,015 shares in the company, valued at approximately $81,983,017.05. This represents a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 650 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $120.92, for a total transaction of $78,598.00. Following the completion of the transaction, the chief technology officer directly owned 187,036 shares in the company, valued at $22,616,393.12. This represents a 0.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,611,828 shares of company stock worth $195,591,707 over the last quarter. Company insiders own 27.83% of the company’s stock.

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.