20,522 Shares in Airbnb, Inc. $ABNB Purchased by North Dakota State Investment Board

North Dakota State Investment Board acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, Holdings Channel.com reports. The fund acquired 20,522 shares of the company’s stock, valued at approximately $2,785,000.

A number of other institutional investors have also added to or reduced their stakes in ABNB. Aster Capital Management DIFC Ltd purchased a new stake in shares of Airbnb in the 3rd quarter valued at about $25,000. ORG Partners LLC raised its holdings in shares of Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Airbnb in the 3rd quarter valued at about $27,000. Finally, Aventura Private Wealth LLC purchased a new stake in shares of Airbnb in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of Airbnb stock opened at $134.30 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $80.94 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 1.42 and a beta of 1.20. The business’s 50-day moving average price is $133.53 and its 200-day moving average price is $129.66. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. Airbnb’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share. Sell-side analysts forecast that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on ABNB shares. Evercore reaffirmed an “outperform” rating on shares of Airbnb in a report on Friday, May 8th. Weiss Ratings raised Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. Scotiabank started coverage on Airbnb in a report on Monday, May 4th. They issued an “outperform” rating on the stock. BMO Capital Markets raised their price target on Airbnb from $130.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, February 13th. Finally, HSBC cut Airbnb from a “hold” rating to a “hold” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $157.67.

Insider Activity

In other news, insider Nathan Blecharczyk sold 60,136 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $145.70, for a total transaction of $8,761,815.20. Following the transaction, the insider directly owned 11,920 shares in the company, valued at approximately $1,736,744. This represents a 83.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Gebbia sold 58,000 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $126.16, for a total value of $7,317,280.00. Following the transaction, the director owned 170,015 shares in the company, valued at $21,449,092.40. This trade represents a 25.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 459,838 shares of company stock worth $62,185,245 over the last quarter. Corporate insiders own 27.21% of the company’s stock.

Airbnb 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.