Capital Group Investment Management PTE. LTD. Acquires 369 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Capital Group Investment Management PTE. LTD. increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,533 shares of the company’s stock after acquiring an additional 369 shares during the period. Capital Group Investment Management PTE. LTD.’s holdings in Airbnb were worth $2,304,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new stake in shares of Airbnb in the 4th quarter valued at approximately $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb during the 4th quarter valued at $26,000. Graney & King LLC bought a new stake in Airbnb in the fourth quarter worth $32,000. Whipplewood Advisors LLC purchased a new position in Airbnb during the fourth quarter worth $44,000. Finally, Cromwell Holdings LLC increased its position in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after acquiring an additional 170 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ABNB shares. Barclays raised their target price on shares of Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a report on Friday, February 14th. B. Riley raised their price objective on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Wedbush reaffirmed an “outperform” rating and set a $155.00 target price on shares of Airbnb in a research note on Tuesday, February 4th. DA Davidson increased their price target on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Finally, Wells Fargo & Company dropped their price objective on Airbnb from $134.00 to $100.00 and set an “underweight” rating for the company in a report on Monday, April 7th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $146.94.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $133.19, for a total transaction of $5,122,620.59. Following the completion of the sale, the chief executive officer now owns 12,460,447 shares of the company’s stock, valued at approximately $1,659,606,935.93. The trade was a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $135.47, for a total value of $94,829.00. Following the sale, the chief technology officer now owns 183,314 shares in the company, valued at approximately $24,833,547.58. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,037,307 shares of company stock valued at $280,842,374. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Price Performance

Shares of ABNB opened at $112.70 on Friday. The company has a 50 day moving average of $129.62 and a two-hundred day moving average of $132.40. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $166.74. The company has a market cap of $71.06 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.