Temasek Holdings Private Ltd Has $304.71 Million Stock Position in Airbnb, Inc. $ABNB

Temasek Holdings Private Ltd increased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 3.6% in the second quarter, Holdings Channel reports. The institutional investor owned 2,302,511 shares of the company’s stock after buying an additional 80,317 shares during the period. Airbnb makes up 1.2% of Temasek Holdings Private Ltd’s holdings, making the stock its 18th largest holding. Temasek Holdings Private Ltd’s holdings in Airbnb were worth $304,714,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ABNB. Kentucky Trust Co acquired a new stake in shares of Airbnb in the 2nd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Airbnb by 70.9% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 83 shares during the period. Concord Wealth Partners bought a new position in shares of Airbnb during the second quarter valued at $28,000. Whipplewood Advisors LLC lifted its holdings in Airbnb by 235.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after buying an additional 160 shares during the period. Finally, Armstrong Advisory Group Inc. lifted its stake in shares of Airbnb by 363.6% in the second quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares during the period. Institutional investors own 80.76% of the company’s stock.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 58,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $118.47, for a total transaction of $6,871,260.00. Following the completion of the transaction, the director owned 692,015 shares of the company’s stock, valued at approximately $81,983,017.05. The trade was a 7.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 77,527 shares of Airbnb stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $120.52, for a total transaction of $9,343,554.04. Following the completion of the transaction, the insider owned 53,298 shares in the company, valued at approximately $6,423,474.96. The trade was a 59.26% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,575,867 shares of company stock worth $190,875,764. 27.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ABNB has been the topic of several research reports. UBS Group upped their price objective on shares of Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a report on Friday, November 7th. KeyCorp initiated coverage on Airbnb in a research note on Thursday, October 23rd. They set a “sector weight” rating on the stock. Wedbush reiterated a “neutral” rating and issued a $130.00 price target on shares of Airbnb in a report on Friday, November 7th. BNP Paribas started coverage on Airbnb in a report on Monday, November 24th. They set a “hold” rating for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Airbnb in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $143.88.

Airbnb Price Performance

Shares of Airbnb stock opened at $124.32 on Monday. The firm has a market cap of $76.53 billion, a PE ratio of 29.53, a P/E/G ratio of 2.19 and a beta of 1.11. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The stock has a fifty day moving average price of $121.53 and a 200-day moving average price of $127.45.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $2.13 EPS. As a group, equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS 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.