Airbnb, Inc. $ABNB Shares Acquired by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 136,333 shares of the company’s stock after purchasing an additional 4,613 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Airbnb were worth $16,554,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC grew its stake in shares of Airbnb by 235.3% in the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after acquiring an additional 160 shares in the last quarter. Root Financial Partners LLC acquired a new position in Airbnb during the 3rd quarter worth approximately $32,000. NewSquare Capital LLC increased its position in shares of Airbnb by 86.4% in the 2nd quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock valued at $38,000 after purchasing an additional 133 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Airbnb by 55.5% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company’s stock valued at $38,000 after purchasing an additional 111 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in shares of Airbnb by 4,255.6% during the third quarter. SJS Investment Consulting Inc. now owns 392 shares of the company’s stock worth $48,000 after purchasing an additional 383 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ABNB. B. Riley Financial raised shares of Airbnb from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $140.00 to $170.00 in a report on Monday, January 12th. Wedbush restated a “neutral” rating and issued a $130.00 target price on shares of Airbnb in a report on Friday, February 13th. Barclays lifted their price target on shares of Airbnb from $120.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Morgan Stanley set a $120.00 price objective on shares of Airbnb in a research note on Friday, February 13th. Finally, BMO Capital Markets raised their price objective on Airbnb from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, February 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $148.69.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 2,565 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $134.79, for a total value of $345,736.35. Following the completion of the sale, the chief technology officer directly owned 165,086 shares of the company’s stock, valued at $22,251,941.94. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $121.15, for a total value of $7,026,700.00. Following the completion of the sale, the director owned 402,015 shares in the company, valued at approximately $48,704,117.25. This trade represents a 12.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 795,422 shares of company stock worth $100,561,168 over the last quarter. 27.83% of the stock is owned by company insiders.

Airbnb Price Performance

Airbnb stock opened at $127.89 on Monday. The business has a 50 day simple moving average of $131.09 and a 200-day simple moving average of $125.92. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $154.57. The stock has a market capitalization of $77.85 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 1.73 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the firm posted $0.73 earnings per share. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

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.