Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. lessened its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,684 shares of the company’s stock after selling 94 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Airbnb were worth $221,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Arkadios Wealth Advisors lifted its stake in shares of Airbnb by 8.2% in the 4th quarter. Arkadios Wealth Advisors now owns 2,967 shares of the company’s stock worth $390,000 after acquiring an additional 225 shares during the period. HB Wealth Management LLC raised its holdings in Airbnb by 13.2% during the fourth quarter. HB Wealth Management LLC now owns 5,955 shares of the company’s stock worth $783,000 after purchasing an additional 694 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in Airbnb by 53.0% in the fourth quarter. Ameritas Advisory Services LLC now owns 3,193 shares of the company’s stock valued at $420,000 after purchasing an additional 1,106 shares during the period. UMB Bank n.a. boosted its holdings in Airbnb by 90.0% in the 4th quarter. UMB Bank n.a. now owns 935 shares of the company’s stock valued at $123,000 after purchasing an additional 443 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Airbnb by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 886 shares of the company’s stock valued at $116,000 after purchasing an additional 237 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $141.93, for a total transaction of $30,413,470.05. Following the completion of the sale, the director now directly owns 428,575 shares of the company’s stock, valued at $60,827,649.75. The trade was a 33.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $145.01, for a total value of $101,507.00. Following the completion of the transaction, the chief technology officer now owns 173,519 shares in the company, valued at $25,161,990.19. The trade was a 0.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,414,534 shares of company stock worth $175,979,857 over the last quarter. 27.91% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ABNB has been the subject of several recent analyst reports. Barclays reduced their price target on Airbnb from $120.00 to $103.00 and set an “underweight” rating for the company in a report on Friday, May 2nd. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research note on Friday, May 2nd. UBS Group reduced their price objective on shares of Airbnb from $160.00 to $138.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Finally, Benchmark lowered their target price on shares of Airbnb from $178.00 to $155.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $141.43.

Airbnb Price Performance

NASDAQ:ABNB opened at $127.52 on Thursday. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The firm has a market cap of $79.88 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The company’s 50-day moving average is $122.38 and its two-hundred day moving average is $131.18. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. Research analysts expect that Airbnb, Inc. will post 4.31 EPS 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.