Royal London Asset Management Ltd. Has $33.07 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Royal London Asset Management Ltd. lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,660 shares of the company's stock after purchasing an additional 5,520 shares during the period. Royal London Asset Management Ltd.'s holdings in Airbnb were worth $33,071,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. OneDigital Investment Advisors LLC grew its stake in Airbnb by 6.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company's stock valued at $282,000 after purchasing an additional 142 shares in the last quarter. Quest Partners LLC boosted its stake in shares of Airbnb by 3,643.9% during the 3rd quarter. Quest Partners LLC now owns 2,134 shares of the company's stock valued at $271,000 after buying an additional 2,077 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of Airbnb by 9.4% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,013 shares of the company's stock valued at $509,000 after buying an additional 345 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of Airbnb by 20.3% during the third quarter. Avior Wealth Management LLC now owns 1,032 shares of the company's stock worth $131,000 after buying an additional 174 shares in the last quarter. Finally, Prospera Private Wealth LLC increased its stake in shares of Airbnb by 30.9% in the third quarter. Prospera Private Wealth LLC now owns 1,832 shares of the company's stock worth $232,000 after buying an additional 432 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Airbnb

In other news, CEO Brian Chesky sold 230,772 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the sale, the chief executive officer now owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total value of $88,200.00. Following the completion of the sale, the chief technology officer now directly owns 171,419 shares of the company's stock, valued at approximately $21,598,794. This trade represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,055,909 shares of company stock worth $289,763,290 in the last quarter. 27.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ABNB has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Airbnb from $110.00 to $120.00 and gave the stock an "underweight" rating in a report on Friday, February 14th. Robert W. Baird reduced their price target on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a research report on Tuesday. DA Davidson boosted their price objective on Airbnb from $131.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Bank of America boosted their price target on Airbnb from $154.00 to $159.00 and gave the company a "neutral" rating in a report on Wednesday, December 18th. Finally, HSBC upgraded Airbnb from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $147.36.

Airbnb Price Performance

ABNB stock traded up $0.06 on Tuesday, hitting $129.88. 4,362,344 shares of the company's stock traded hands, compared to its average volume of 4,410,865. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $81.89 billion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.00. The stock has a fifty day moving average of $135.74 and a 200-day moving average of $133.53.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, analysts forecast that Airbnb, Inc. will post 4.31 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.