Livforsakringsbolaget Skandia Omsesidigt Grows Position in Airbnb, Inc. (NASDAQ:ABNB)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 287.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,877 shares of the company’s stock after acquiring an additional 11,777 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Airbnb were worth $2,161,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ABNB. CVA Family Office LLC purchased a new position in shares of Airbnb during the 4th quarter worth $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb during the 3rd quarter worth $27,000. McGlone Suttner Wealth Management Inc. purchased a new position in Airbnb during the 4th quarter valued at about $30,000. Farmers & Merchants Investments Inc. purchased a new position in Airbnb during the 3rd quarter valued at about $39,000. Finally, Financial Management Professionals Inc. boosted its holdings in Airbnb by 518.4% during the 4th quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock valued at $41,000 after acquiring an additional 254 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Performance

Shares of ABNB stock traded up $1.71 during midday trading on Wednesday, hitting $158.37. The company had a trading volume of 3,904,564 shares, compared to its average volume of 4,634,372. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. Airbnb, Inc. has a 52-week low of $103.55 and a 52-week high of $170.10. The stock has a market cap of $102.48 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 1.99 and a beta of 1.25. The company’s 50 day simple moving average is $158.99 and its 200 day simple moving average is $141.85.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $2.16 billion. Research analysts anticipate that Airbnb, Inc. will post 4.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ABNB shares. DA Davidson restated a “neutral” rating and set a $145.00 target price on shares of Airbnb in a report on Friday, March 15th. BMO Capital Markets lifted their price objective on Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. Benchmark started coverage on Airbnb in a research report on Thursday, April 11th. They set a “buy” rating and a $190.00 target price on the stock. Wedbush reissued a “neutral” rating and set a $160.00 target price (up previously from $150.00) on shares of Airbnb in a research report on Wednesday, February 14th. Finally, Wells Fargo & Company raised their target price on Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research report on Monday, April 1st. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $147.58.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 11,420 shares of Airbnb stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $140.03, for a total value of $1,599,142.60. Following the sale, the insider now directly owns 542,342 shares in the company, valued at $75,944,150.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the sale, the chief technology officer now directly owns 144,331 shares in the company, valued at $24,435,238.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 11,420 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $140.03, for a total value of $1,599,142.60. Following the sale, the insider now owns 542,342 shares in the company, valued at $75,944,150.26. The disclosure for this sale can be found here. Insiders have sold a total of 490,584 shares of company stock worth $77,302,032 over the last three months. 30.84% of the stock is currently owned by corporate insiders.

Airbnb 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.