OMC Financial Services LTD Has $2.06 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

OMC Financial Services LTD trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 3.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 13,615 shares of the company’s stock after selling 461 shares during the period. Airbnb comprises 1.0% of OMC Financial Services LTD’s holdings, making the stock its 23rd biggest position. OMC Financial Services LTD’s holdings in Airbnb were worth $2,064,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Transcendent Capital Group LLC bought a new position in Airbnb in the 1st quarter valued at about $25,000. Trust Co. of Vermont acquired a new position in shares of Airbnb in the fourth quarter valued at approximately $27,000. New Millennium Group LLC bought a new position in shares of Airbnb during the second quarter worth approximately $28,000. Vima LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $29,000. Finally, Cultivar Capital Inc. bought a new stake in Airbnb in the 2nd quarter valued at $30,000. 80.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ABNB. Wells Fargo & Company lowered their price target on shares of Airbnb from $129.00 to $100.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada cut their price target on Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. BMO Capital Markets reduced their price target on Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Piper Sandler Companies lifted their price objective on Airbnb from $145.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Finally, Citigroup reduced their target price on Airbnb from $170.00 to $167.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $137.00.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $145.82, for a total transaction of $87,492.00. Following the completion of the sale, the chief technology officer now directly owns 211,174 shares in the company, valued at $30,793,392.68. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Airbnb news, Director Joseph Gebbia sold 44,990 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $150.04, for a total value of $6,750,299.60. Following the transaction, the director now directly owns 46,467 shares of the company’s stock, valued at $6,971,908.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $145.82, for a total value of $87,492.00. Following the transaction, the chief technology officer now owns 211,174 shares in the company, valued at $30,793,392.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 619,507 shares of company stock worth $92,442,963. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Up 0.6 %

NASDAQ ABNB traded up $0.71 on Friday, reaching $117.31. The company had a trading volume of 3,279,285 shares, compared to its average volume of 4,569,174. The firm has a market cap of $75.55 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.67 and a beta of 1.18. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The business has a 50 day moving average of $135.26 and a two-hundred day moving average of $148.30. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data 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 return on equity of 39.37% and a net margin of 48.23%. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the business earned $0.98 earnings per share. Airbnb’s revenue was up 10.6% compared to the same quarter last year. Analysts forecast that Airbnb, Inc. will post 4.66 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.