Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,496 shares of the company’s stock after selling 2,833 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Airbnb were worth $15,315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ABNB. Lindbrook Capital LLC grew its holdings in Airbnb by 31.0% in the fourth quarter. Lindbrook Capital LLC now owns 1,996 shares of the company’s stock valued at $272,000 after purchasing an additional 472 shares during the last quarter. abrdn plc grew its holdings in Airbnb by 69.7% in the fourth quarter. abrdn plc now owns 173,500 shares of the company’s stock valued at $23,620,000 after purchasing an additional 71,239 shares during the last quarter. Greenleaf Trust acquired a new stake in Airbnb in the fourth quarter valued at $357,000. Tanager Wealth Management LLP acquired a new stake in Airbnb in the fourth quarter valued at $289,000. Finally, Xponance Inc. grew its holdings in Airbnb by 0.7% in the fourth quarter. Xponance Inc. now owns 94,632 shares of the company’s stock valued at $12,883,000 after purchasing an additional 628 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Down 3.2 %

Shares of ABNB stock traded down $5.09 during trading hours on Friday, reaching $155.01. The company had a trading volume of 3,904,759 shares, compared to its average volume of 2,966,317. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. Airbnb, Inc. has a twelve month low of $103.55 and a twelve month high of $170.10. The company has a market capitalization of $100.30 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25. The stock’s fifty day simple moving average is $159.55 and its 200 day simple moving average is $142.32.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total transaction of $97,800.00. Following the completion of the sale, the chief technology officer now owns 144,931 shares in the company, valued at approximately $23,623,753. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total transaction of $97,800.00. Following the transaction, the chief technology officer now owns 144,931 shares of the company’s stock, valued at approximately $23,623,753. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nathan Blecharczyk sold 8,580 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $142.32, for a total value of $1,221,105.60. Following the transaction, the insider now directly owns 533,762 shares in the company, valued at approximately $75,965,007.84. The disclosure for this sale can be found here. Insiders sold a total of 475,414 shares of company stock worth $75,187,257 in the last 90 days. 30.84% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on ABNB shares. JPMorgan Chase & Co. upped their price objective on Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Truist Financial upped their price objective on Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. B. Riley started coverage on Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective on the stock. UBS Group reduced their price objective on Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Finally, Piper Sandler upped their price objective on Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $147.58.

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.