Tredje AP fonden Decreases Stake in Airbnb, Inc. (NASDAQ:ABNB)

Tredje AP fonden reduced its position in Airbnb, Inc. (NASDAQ:ABNB) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 192,231 shares of the company’s stock after selling 2,400 shares during the period. Tredje AP fonden’s holdings in Airbnb were worth $25,261,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Vestcor Inc lifted its position in shares of Airbnb by 59.8% in the fourth quarter. Vestcor Inc now owns 13,684 shares of the company’s stock worth $1,798,000 after buying an additional 5,120 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Airbnb by 86.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 22,881 shares of the company’s stock worth $3,007,000 after buying an additional 10,624 shares in the last quarter. Essential Planning LLC. purchased a new stake in shares of Airbnb in the fourth quarter worth about $387,000. Farther Finance Advisors LLC lifted its position in shares of Airbnb by 35.1% in the fourth quarter. Farther Finance Advisors LLC now owns 3,559 shares of the company’s stock worth $468,000 after buying an additional 924 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Airbnb by 49.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,985 shares of the company’s stock worth $786,000 after buying an additional 1,983 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Up 0.9 %

Airbnb stock opened at $126.55 on Thursday. The business has a fifty day moving average of $136.73 and a two-hundred day moving average of $132.89. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market cap of $79.79 billion, a P/E ratio of 30.64, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total transaction of $94,745.00. Following the completion of the sale, the chief technology officer now owns 184,714 shares in the company, valued at approximately $25,001,039.90. This represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $131.88, for a total value of $28,259,905.80. Following the completion of the transaction, the director now directly owns 1,285,715 shares in the company, valued at approximately $169,560,094.20. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,054,509 shares of company stock worth $290,940,989. Insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ABNB shares. Barclays boosted their price objective on Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research note on Friday, February 14th. Baird R W raised Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a research note on Friday, February 14th. B. Riley boosted their price objective on Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Finally, Evercore ISI boosted their price objective on Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $148.00.

About Airbnb

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.