Trust Co. of Vermont Has $544,000 Stake in Airbnb, Inc. (NASDAQ:ABNB)

Trust Co. of Vermont lowered its stake in Airbnb, Inc. (NASDAQ:ABNB) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,291 shares of the company’s stock after selling 214 shares during the period. Trust Co. of Vermont’s holdings in Airbnb were worth $544,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SteelPeak Wealth LLC lifted its position in Airbnb by 17.2% during the 1st quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company’s stock valued at $1,107,000 after purchasing an additional 985 shares during the period. ProShare Advisors LLC lifted its holdings in Airbnb by 20.6% in the first quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock valued at $80,644,000 after buying an additional 83,383 shares during the period. Shellback Capital LP bought a new position in Airbnb in the second quarter valued at approximately $22,744,000. Bradley Foster & Sargent Inc. CT grew its holdings in Airbnb by 1,231.3% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock worth $3,145,000 after acquiring an additional 19,183 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Airbnb by 2.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,105,329 shares of the company’s stock valued at $182,335,000 after acquiring an additional 26,735 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Activity

In related news, CEO Brian Chesky sold 115,385 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $149.11, for a total value of $17,205,057.35. Following the completion of the sale, the chief executive officer now owns 13,798,917 shares of the company’s stock, valued at $2,057,556,513.87. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Brian Chesky sold 115,385 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $149.11, for a total value of $17,205,057.35. Following the completion of the sale, the chief executive officer now directly owns 13,798,917 shares of the company’s stock, valued at approximately $2,057,556,513.87. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $126.57, for a total transaction of $75,942.00. Following the sale, the chief technology officer now directly owns 205,774 shares in the company, valued at $26,044,815.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 600,956 shares of company stock valued at $79,260,444. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ABNB shares. Benchmark reaffirmed a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research note on Monday, August 26th. Jefferies Financial Group decreased their target price on Airbnb from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. BMO Capital Markets decreased their price objective on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Finally, Sanford C. Bernstein cut their target price on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday, September 17th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $134.55.

Airbnb Stock Up 0.3 %

ABNB opened at $136.45 on Friday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average price is $123.17 and its 200-day moving average price is $140.08. The company has a market cap of $87.88 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.83 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last announced its quarterly 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 return on equity of 34.74% and a net margin of 46.11%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the business earned $0.98 EPS. Airbnb’s revenue was up 10.6% on a year-over-year basis. On average, equities analysts expect that Airbnb, Inc. will post 4.33 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.