Avanza Fonder AB Invests $4.01 Million in Airbnb, Inc. (NASDAQ:ABNB)

Avanza Fonder AB bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 30,514 shares of the company’s stock, valued at approximately $4,010,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Salvus Wealth Management LLC increased its holdings in Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after buying an additional 84 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Airbnb by 3.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after acquiring an additional 85 shares in the last quarter. Edge Capital Group LLC increased its stake in Airbnb by 1.2% in the second quarter. Edge Capital Group LLC now owns 7,617 shares of the company’s stock valued at $1,155,000 after acquiring an additional 87 shares during the period. Lazari Capital Management Inc. raised its position in Airbnb by 3.6% in the second quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock worth $382,000 after purchasing an additional 88 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after purchasing an additional 94 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ABNB shares. Wells Fargo & Company lowered their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research note on Thursday. Raymond James initiated coverage on Airbnb in a research report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Morgan Stanley upped their target price on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Finally, Barclays lifted their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average price target of $139.63.

Airbnb Stock Up 2.2 %

Shares of NASDAQ ABNB opened at $135.12 on Friday. The firm has a 50 day moving average price of $134.15 and a 200 day moving average price of $132.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market cap of $85.66 billion, a P/E ratio of 47.41, a P/E/G ratio of 1.63 and a beta of 1.13. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the business posted $2.39 EPS. Analysts expect that Airbnb, Inc. will post 3.99 EPS for the current year.

Insider Activity at Airbnb

In related news, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the sale, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. The trade was a 2.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total value of $81,198.00. Following the transaction, the chief technology officer now owns 192,244 shares of the company’s stock, valued at approximately $26,016,380.52. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,130,982 shares of company stock worth $150,523,585. 27.83% of the stock is owned by company insiders.

About Airbnb

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.