Livforsakringsbolaget Skandia Omsesidigt Buys 11,777 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 287.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,877 shares of the company’s stock after purchasing an additional 11,777 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Airbnb were worth $2,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Daiwa Securities Group Inc. lifted its holdings in shares of Airbnb by 7.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 59,365 shares of the company’s stock worth $8,081,000 after acquiring an additional 3,915 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Airbnb in the 4th quarter worth approximately $228,000. TRUE Private Wealth Advisors bought a new stake in shares of Airbnb in the 4th quarter worth approximately $611,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Airbnb by 95.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 145,341 shares of the company’s stock worth $19,787,000 after acquiring an additional 71,085 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new stake in shares of Airbnb in the 4th quarter worth approximately $743,000. 80.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 4,350 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $140.03, for a total transaction of $609,130.50. Following the transaction, the chief executive officer now owns 14,933,297 shares in the company, valued at approximately $2,091,109,578.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $161.55, for a total transaction of $96,930.00. Following the transaction, the chief technology officer now owns 222,304 shares in the company, valued at approximately $35,913,211.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Chesky sold 4,350 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $140.03, for a total transaction of $609,130.50. Following the transaction, the chief executive officer now owns 14,933,297 shares in the company, valued at approximately $2,091,109,578.91. The disclosure for this sale can be found here. Insiders have sold a total of 490,584 shares of company stock worth $77,302,032 in the last quarter. Corporate insiders own 30.84% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the subject of a number of recent research reports. Benchmark assumed coverage on shares of Airbnb in a report on Thursday, April 11th. They issued a “buy” rating and a $190.00 price objective for the company. Wedbush reaffirmed a “neutral” rating and issued a $160.00 target price (up from $150.00) on shares of Airbnb in a research note on Wednesday, February 14th. BMO Capital Markets lifted their target price on shares of Airbnb from $134.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Bank of America lifted their target price on shares of Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Finally, Truist Financial lifted their target price on shares of Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $147.58.

Airbnb Stock Up 1.1 %

Airbnb stock traded up $1.71 during mid-day trading on Wednesday, reaching $158.37. The stock had a trading volume of 3,904,564 shares, compared to its average volume of 4,634,372. The company has a market capitalization of $102.48 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 1.99 and a beta of 1.25. The company has a 50-day moving average price of $158.99 and a two-hundred day moving average price of $141.85. Airbnb, Inc. has a one year low of $103.55 and a one year high of $170.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $2.22 billion for 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%. On average, analysts expect that Airbnb, Inc. will post 4.63 EPS for the current fiscal year.

About Airbnb

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.