Airbnb, Inc. $ABNB Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 161,118 shares of the company’s stock after buying an additional 3,781 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Airbnb were worth $21,867,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ABNB. Aster Capital Management DIFC Ltd purchased a new position in shares of Airbnb during the 3rd quarter valued at about $25,000. ORG Partners LLC raised its stake in shares of Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 96 shares during the last quarter. Entrust Financial LLC purchased a new position in shares of Airbnb during the 4th quarter valued at about $27,000. Sunbelt Securities Inc. raised its stake in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after buying an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC purchased a new position in shares of Airbnb during the 3rd quarter valued at about $27,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of Airbnb stock opened at $137.87 on Tuesday. The business has a 50 day simple moving average of $134.07 and a two-hundred day simple moving average of $130.37. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25. The stock has a market capitalization of $83.09 billion, a P/E ratio of 33.96, a PEG ratio of 1.43 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the company earned $0.24 EPS. Airbnb’s revenue was up 17.9% compared to the same quarter last year. As a group, analysts predict that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ABNB. Barclays lifted their price objective on Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. UBS Group upped their price target on Airbnb from $153.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wells Fargo & Company upped their price target on Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Robert W. Baird set a $150.00 price target on Airbnb in a report on Friday, May 8th. Finally, Scotiabank started coverage on Airbnb in a report on Monday, May 4th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $157.67.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 58,000 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $126.16, for a total transaction of $7,317,280.00. Following the completion of the transaction, the director owned 170,015 shares of the company’s stock, valued at $21,449,092.40. This represents a 25.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Brian Chesky sold 265,746 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $132.22, for a total value of $35,136,936.12. Following the transaction, the chief executive officer directly owned 11,206,389 shares of the company’s stock, valued at $1,481,708,753.58. The trade was a 2.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 968,723 shares of company stock valued at $130,478,651 over the last quarter. 27.21% of the stock is currently owned by insiders.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.