Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 13,700 Shares of Airbnb, Inc. $ABNB

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 21.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,000 shares of the company’s stock after purchasing an additional 13,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Airbnb were worth $10,323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Airbnb by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company’s stock worth $4,475,286,000 after purchasing an additional 604,120 shares in the last quarter. Harris Associates L P raised its holdings in Airbnb by 86.0% in the 1st quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock worth $1,188,024,000 after acquiring an additional 4,598,125 shares during the last quarter. Northern Trust Corp raised its holdings in Airbnb by 2.5% in the 1st quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock worth $525,979,000 after acquiring an additional 106,135 shares during the last quarter. AQR Capital Management LLC raised its holdings in Airbnb by 81.0% in the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after acquiring an additional 1,916,676 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Airbnb by 74.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company’s stock worth $388,924,000 after acquiring an additional 1,389,251 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Trading Down 0.8%

Shares of ABNB opened at $128.01 on Wednesday. The firm has a market cap of $79.55 billion, a PE ratio of 31.00, a P/E/G ratio of 2.35 and a beta of 1.10. The firm has a fifty day simple moving average of $124.59 and a two-hundred day simple moving average of $128.20. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 EPS. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ABNB shares. Jefferies Financial Group decreased their price objective on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating for the company in a report on Monday, August 11th. Barclays set a $105.00 price objective on shares of Airbnb and gave the stock an “underweight” rating in a report on Thursday, August 7th. Citizens Jmp upgraded shares of Airbnb to a “hold” rating in a report on Monday, August 11th. Zacks Research upgraded shares of Airbnb to a “hold” rating in a report on Tuesday, August 12th. Finally, Phillip Securities upgraded shares of Airbnb from a “moderate sell” rating to a “hold” rating in a report on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $141.70.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $127.53, for a total value of $76,518.00. Following the completion of the sale, the chief technology officer directly owned 196,606 shares in the company, valued at $25,073,163.18. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Elinor Mertz sold 12,184 shares of the company’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $127.65, for a total value of $1,555,287.60. Following the completion of the sale, the chief financial officer owned 444,070 shares of the company’s stock, valued at $56,685,535.50. This trade represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,438,660 shares of company stock worth $178,968,787 in the last three months. Corporate insiders own 27.83% of the company’s stock.

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.