Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,365 shares of the company’s stock after acquiring an additional 3,915 shares during the period. Daiwa Securities Group Inc.’s holdings in Airbnb were worth $8,081,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA lifted its stake in shares of Airbnb by 34.7% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock worth $4,304,000 after acquiring an additional 8,140 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Airbnb by 4.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock worth $1,119,000 after purchasing an additional 333 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Airbnb by 27.5% in the 4th quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock worth $172,742,000 after purchasing an additional 273,191 shares in the last quarter. LGT Group Foundation raised its holdings in shares of Airbnb by 8.1% in the 3rd quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock worth $43,227,000 after purchasing an additional 23,716 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings 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 and hedge funds.

Airbnb Stock Up 1.1 %

Shares of NASDAQ ABNB opened at $160.10 on Friday. The stock has a market cap of $103.60 billion, a P/E ratio of 22.11, a P/E/G ratio of 2.01 and a beta of 1.25. The firm has a 50 day moving average price of $159.40 and a 200 day moving average price of $142.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. Airbnb, Inc. has a 52-week low of $103.55 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. Analysts expect that Airbnb, Inc. will post 4.63 EPS for the current year.

Insider Activity at Airbnb

In related news, CEO Brian Chesky sold 3,160 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $142.29, for a total transaction of $449,636.40. Following the completion of the transaction, the chief executive officer now owns 14,930,137 shares in the company, valued at $2,124,409,193.73. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total value of $93,498.00. Following the completion of the transaction, the chief technology officer now owns 221,704 shares in the company, valued at $34,548,134.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 3,160 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $142.29, for a total transaction of $449,636.40. Following the completion of the sale, the chief executive officer now owns 14,930,137 shares in the company, valued at $2,124,409,193.73. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 475,414 shares of company stock worth $75,187,257. 30.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on ABNB. Benchmark began coverage on shares of Airbnb in a report on Thursday, April 11th. They issued a “buy” rating and a $190.00 target price on the stock. DA Davidson restated a “neutral” rating and issued a $145.00 price target on shares of Airbnb in a research report on Friday, March 15th. Royal Bank of Canada upped their price target on shares of Airbnb from $140.00 to $150.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 14th. Wedbush restated a “neutral” rating and issued a $160.00 price target on shares of Airbnb in a research report on Thursday. Finally, Mizuho upped their price target on shares of Airbnb from $130.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Airbnb has a consensus rating of “Hold” and an average target price of $147.58.

Airbnb Company 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.