Mackenzie Financial Corp Sells 2,673 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Mackenzie Financial Corp decreased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,569 shares of the company’s stock after selling 2,673 shares during the quarter. Mackenzie Financial Corp’s holdings in Airbnb were worth $6,000,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Maverick Capital Ltd. lifted its position in Airbnb by 947.7% during the 2nd quarter. Maverick Capital Ltd. now owns 286,234 shares of the company’s stock worth $43,402,000 after buying an additional 258,913 shares in the last quarter. MBB Public Markets I LLC bought a new position in shares of Airbnb in the second quarter worth about $4,639,000. Daymark Wealth Partners LLC raised its stake in shares of Airbnb by 20.9% in the second quarter. Daymark Wealth Partners LLC now owns 2,074 shares of the company’s stock worth $314,000 after acquiring an additional 359 shares during the last quarter. DoubleLine ETF Adviser LP acquired a new position in shares of Airbnb during the second quarter worth approximately $1,771,000. Finally, AQR Capital Management LLC grew its stake in shares of Airbnb by 486.0% during the second quarter. AQR Capital Management LLC now owns 387,062 shares of the company’s stock valued at $58,539,000 after purchasing an additional 321,015 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $126.81 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a 50 day moving average price of $123.28 and a 200 day moving average price of $142.99. The stock has a market capitalization of $81.67 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.72 and a beta of 1.16. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the company posted $0.98 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Analysts predict that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. UBS Group dropped their price objective on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. The Goldman Sachs Group dropped their target price on Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. Royal Bank of Canada decreased their price target on Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Benchmark restated a “buy” rating and set a $155.00 target price on shares of Airbnb in a research report on Monday, August 26th. Finally, TD Cowen reduced their target price on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $134.16.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $152.92, for a total transaction of $91,752.00. Following the transaction, the chief technology officer now directly owns 208,174 shares in the company, valued at approximately $31,833,968.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Brian Chesky sold 115,385 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $151.95, for a total value of $17,532,750.75. Following the completion of the sale, the chief executive officer now directly owns 13,914,302 shares of the company’s stock, valued at $2,114,278,188.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $152.92, for a total value of $91,752.00. Following the sale, the chief technology officer now directly owns 208,174 shares of the company’s stock, valued at approximately $31,833,968.08. The disclosure for this sale can be found here. Insiders sold a total of 552,389 shares of company stock worth $75,733,256 over the last quarter. 27.83% of the stock is currently owned by insiders.

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.