National Pension Service Purchases 16,705 Shares of Airbnb, Inc. (NASDAQ:ABNB)

National Pension Service grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 736,737 shares of the company’s stock after purchasing an additional 16,705 shares during the quarter. National Pension Service’s holdings in Airbnb were worth $100,299,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of ABNB. Compagnie Lombard Odier SCmA grew its position in shares of Airbnb by 34.7% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock valued at $4,304,000 after purchasing an additional 8,140 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Airbnb by 4.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock worth $1,119,000 after acquiring an additional 333 shares during the period. Nordea Investment Management AB lifted its position in Airbnb by 27.5% during the fourth quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock valued at $172,742,000 after buying an additional 273,191 shares during the period. LGT Group Foundation boosted its stake in Airbnb by 8.1% during the third quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock worth $43,227,000 after acquiring an additional 23,716 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Airbnb by 14.4% in the 4th quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock worth $13,011,000 after purchasing an additional 12,008 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Performance

ABNB stock traded down $10.22 during midday trading on Thursday, hitting $147.68. The stock had a trading volume of 9,783,757 shares, compared to its average volume of 4,523,828. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The stock has a 50-day simple moving average of $161.68 and a 200 day simple moving average of $145.50. The firm has a market capitalization of $95.56 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.12 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.18. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.47 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Piper Sandler reissued a “neutral” rating and set a $155.00 price target (up from $145.00) on shares of Airbnb in a report on Thursday. Susquehanna increased their price target on shares of Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Thursday, April 11th. Wedbush reissued a “neutral” rating and issued a $160.00 price objective on shares of Airbnb in a research note on Thursday. Finally, Wells Fargo & Company upped their price target on Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research report on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $151.55.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 75,500 shares of Airbnb stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the completion of the sale, the chief technology officer now directly owns 146,131 shares of the company’s stock, valued at approximately $22,695,605.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Elinor Mertz sold 9,196 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $156.76, for a total transaction of $1,441,564.96. Following the completion of the sale, the chief financial officer now owns 535,530 shares in the company, valued at $83,949,682.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 75,500 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the completion of the transaction, the chief technology officer now owns 146,131 shares in the company, valued at $22,695,605.61. The disclosure for this sale can be found here. Over the last three months, insiders sold 396,874 shares of company stock worth $63,712,671. 27.83% of the stock is owned by corporate insiders.

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.