<div id="readability-page-1"><p>Fifth Third Bancorp grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 85.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 22,844 shares of the company's stock after acquiring an additional 10,507 shares during the quarter. Fifth Third Bancorp's holdings in Airbnb were worth $3,464,000 as of its most recent SEC filing.</p><ul><li>3 Beaten-Down Tech Stocks That Shouldn’t Be Overlooked</li></ul><p>Other hedge funds and other institutional investors also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new stake in shares of Airbnb in the 1st quarter worth $25,000. Bfsg LLC acquired a new stake in shares of Airbnb during the fourth quarter worth $27,000. Trust Co. of Vermont acquired a new stake in shares of Airbnb during the fourth quarter worth $27,000. Vima LLC acquired a new stake in shares of Airbnb during the fourth quarter worth $29,000. Finally, Westend Capital Management LLC acquired a new stake in shares of Airbnb during the first quarter worth $33,000. Institutional investors own 80.76% of the company's stock. </p><h2>Airbnb Stock Performance</h2><p>Airbnb stock traded up $0.30 during trading hours on Wednesday, hitting $117.68. The stock had a trading volume of 5,027,731 shares, compared to its average volume of 4,591,710. The company has a 50-day moving average of $140.24 and a two-hundred day moving average of $150.07. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. The company has a market cap of $75.79 billion, a PE ratio of 15.75, a price-to-earnings-growth 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. </p><br/><ul><li>3 Stocks with Unusual Trading Volume During Market Selloff</li></ul><p>Airbnb (NASDAQ:ABNB - Get Free Report) last issued its 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 39.37% and a net margin of 48.23%. 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 earnings per share. The company's quarterly revenue was up 10.6% on a year-over-year basis. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.66 EPS for the current fiscal year. </p><h2>Insider Buying and Selling</h2><p>In related news, Director Joseph Gebbia sold 44,990 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $150.04, for a total transaction of $6,750,299.60. Following the sale, the director now directly owns 46,467 shares in the company, valued at approximately $6,971,908.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $152.92, for a total value 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 sale was disclosed in a filing with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, Director Joseph Gebbia sold 44,990 shares of Airbnb stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total value of $6,750,299.60. Following the completion of the sale, the director now directly owns 46,467 shares of the company's stock, valued at $6,971,908.68. The disclosure for this sale can be found here. Insiders have sold a total of 734,892 shares of company stock worth $109,314,640 in the last three months. Insiders own 27.83% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>MarketBeat Week in Review – 8/5 - 8/9</li></ul><p>A number of equities research analysts have recently issued reports on the company. TD Cowen cut their target price on Airbnb from $170.00 to $125.00 and set a &#34;buy&#34; rating on the stock in a research report on Wednesday, August 7th. Bank of America cut their target price on Airbnb from $160.00 to $132.00 and set a &#34;neutral&#34; rating on the stock in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price target on Airbnb from $143.00 to $90.00 and set a &#34;hold&#34; rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase &amp; Co. dropped their price target on Airbnb from $145.00 to $121.00 and set a &#34;neutral&#34; rating on the stock in a research report on Wednesday, August 7th. Finally, Mizuho raised Airbnb from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and upped their price target for the company from $150.00 to $200.00 in a research report on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Airbnb has a consensus rating of &#34;Hold&#34; and an average price target of $137.00.</p><p><b>Check Out Our Latest Analysis on Airbnb</b></p><h2>Airbnb Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Airbnb</li><li>How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?</li><li>Target Hits the Mark: Q2 Earnings Exceed Expectations</li><li>Golden Cross Stocks: Pattern, Examples and Charts </li><li>Is Tesla’s Rebound Just Starting? 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Airbnb wasn't on the list.</p><p>While Airbnb currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

ABNB

<p>Fifth Third Bancorp increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 85.2% in Q2, owning 22,844 shares after acquiring 10,507 shares. Its holdings in Airbnb are valued at approximately $3,464,000. Other institutional investors have also modified their Airbnb holdings. Airbnb's stock performance shows a market cap of $54.79 billion and a PE ratio of 15.75. The company reported Q2 earnings of $X.86, missing estimates by $X.06, with a 10.6% revenue increase year-over-year. Insider transactions include notable sales by directors and executives. Analysts have adjusted target prices for Airbnb, with ratings ranging from buy to hold.</p>

Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Fifth Third Bancorp