E. Ohman J or Asset Management AB Acquires 34,979 Shares of Airbnb, Inc. $ABNB

E. Ohman J or Asset Management AB raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 15.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 258,931 shares of the company’s stock after acquiring an additional 34,979 shares during the period. E. Ohman J or Asset Management AB’s holdings in Airbnb were worth $35,142,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Caxton Associates LLP bought a new stake in Airbnb in the 1st quarter worth about $258,000. Intech Investment Management LLC increased its holdings in Airbnb by 55.8% during the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after buying an additional 4,353 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Airbnb by 18.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after purchasing an additional 927 shares in the last quarter. AlphaCore Capital LLC bought a new position in shares of Airbnb in the second quarter worth about $192,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Airbnb by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock valued at $387,186,000 after purchasing an additional 31,120 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $131.27, for a total value of $7,613,660.00. Following the transaction, the director directly owned 286,015 shares of the company’s stock, valued at $37,545,189.05. This trade represents a 16.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Elinor Mertz sold 3,750 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $130.00, for a total transaction of $487,500.00. Following the transaction, the chief financial officer directly owned 402,417 shares in the company, valued at approximately $52,314,210. The trade was a 0.92% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 363,510 shares of company stock worth $47,422,070. Insiders own 27.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ABNB. Barclays upped their price objective on Airbnb from $120.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Wells Fargo & Company upped their target price on shares of Airbnb from $128.00 to $133.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Morgan Stanley set a $120.00 price target on Airbnb in a research report on Friday, February 13th. Wedbush reissued a “neutral” rating and issued a $130.00 price objective on shares of Airbnb in a research note on Friday, February 13th. Finally, B. Riley Financial raised shares of Airbnb from a “neutral” rating to a “buy” rating and boosted their target price for the company from $140.00 to $170.00 in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $147.40.

Airbnb Price Performance

ABNB stock opened at $132.59 on Tuesday. The firm’s fifty day simple moving average is $129.19 and its 200-day simple moving average is $126.76. The company has a market capitalization of $80.71 billion, a P/E ratio of 32.82, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $143.88.

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

Airbnb Company Profile

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.