Asset Management One Co. Ltd. Lowers Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Asset Management One Co. Ltd. trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 197,026 shares of the company’s stock after selling 916 shares during the period. Asset Management One Co. Ltd.’s holdings in Airbnb were worth $26,280,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ABNB. Golden State Wealth Management LLC purchased a new position in Airbnb in the 4th quarter worth approximately $25,000. Northwest Investment Counselors LLC purchased a new position in Airbnb in the 3rd quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new position in Airbnb in the 4th quarter worth approximately $26,000. Hollencrest Capital Management raised its holdings in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in Airbnb in the 3rd quarter worth approximately $30,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Up 14.4 %

Shares of NASDAQ:ABNB opened at $161.42 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a 50-day moving average price of $133.49 and a 200 day moving average price of $130.17. The company has a market cap of $102.34 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. As a group, equities research analysts predict that Airbnb, Inc. will post 3.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Benchmark boosted their price objective on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday. TD Cowen boosted their target price on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. B. Riley boosted their target price on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday. UBS Group boosted their target price on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Barclays boosted their target price on shares of Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research note on Friday. Five equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $145.79.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the transaction, the director now owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 190,301 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $140.51, for a total transaction of $26,739,193.51. Following the completion of the transaction, the chief executive officer now directly owns 12,231,685 shares of the company’s stock, valued at approximately $1,718,674,059.35. The trade was a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,608,005 shares of company stock valued at $214,394,023. Insiders own 27.83% of the company’s stock.

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.