E. Ohman J or Asset Management AB Has $27.19 Million Holdings in Airbnb, Inc. $ABNB

E. Ohman J or Asset Management AB boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 223,952 shares of the company’s stock after acquiring an additional 12,810 shares during the period. E. Ohman J or Asset Management AB’s holdings in Airbnb were worth $27,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ABNB. Kentucky Trust Co acquired a new position in shares of Airbnb in the 2nd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in 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 in the last quarter. Concord Wealth Partners bought a new position in Airbnb in the second quarter valued at approximately $28,000. Whipplewood Advisors LLC boosted its holdings in shares of Airbnb by 235.3% in the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after buying an additional 160 shares during the period. Finally, Armstrong Advisory Group Inc. increased its position in shares of Airbnb by 363.6% during 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 in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 51,230 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $131.16, for a total value of $6,719,326.80. Following the completion of the sale, the chief executive officer owned 45,854 shares in the company, valued at $6,014,210.64. This trade represents a 52.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nathan Blecharczyk sold 36,370 shares of Airbnb stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $123.24, for a total transaction of $4,482,238.80. Following the completion of the transaction, the insider directly owned 11,520 shares of the company’s stock, valued at approximately $1,419,724.80. This trade represents a 75.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,754,606 shares of company stock worth $214,342,160 in the last quarter. 27.91% of the stock is owned by company insiders.

Airbnb Stock Performance

NASDAQ:ABNB opened at $136.82 on Friday. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The company has a market cap of $84.22 billion, a P/E ratio of 32.50, a P/E/G ratio of 2.41 and a beta of 1.11. The stock’s 50-day simple moving average is $124.73 and its 200 day simple moving average is $127.50.

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

Analyst Ratings Changes

ABNB has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. UBS Group boosted their price target on Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Wells Fargo & Company upped their price objective on Airbnb from $111.00 to $118.00 and gave the stock an “underweight” rating in a research report on Monday, December 1st. KeyCorp started coverage on Airbnb in a report on Thursday, October 23rd. They set a “sector weight” rating for the company. Finally, Mizuho set a $156.00 target price on Airbnb in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nineteen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Airbnb has an average rating of “Hold” and a consensus target price of $144.48.

About Airbnb

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.