Ilmarinen Mutual Pension Insurance Co Grows Stake in Airbnb, Inc. (NASDAQ:ABNB)

Ilmarinen Mutual Pension Insurance Co boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the company's stock after acquiring an additional 20,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Airbnb were worth $13,141,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ABNB. Benjamin Edwards Inc. purchased a new position in Airbnb during the 3rd quarter worth $711,000. Hilltop Holdings Inc. purchased a new position in shares of Airbnb during the third quarter valued at $344,000. Janus Henderson Group PLC increased its stake in shares of Airbnb by 4.0% during the third quarter. Janus Henderson Group PLC now owns 54,131 shares of the company's stock valued at $6,866,000 after buying an additional 2,100 shares during the period. Royal London Asset Management Ltd. raised its holdings in shares of Airbnb by 5.4% in the third quarter. Royal London Asset Management Ltd. now owns 246,140 shares of the company's stock valued at $31,213,000 after acquiring an additional 12,556 shares in the last quarter. Finally, Quarry LP purchased a new stake in Airbnb in the third quarter worth about $55,000. Institutional investors own 80.76% of the company's stock.

Wall Street Analyst Weigh In

ABNB has been the subject of several research reports. Gordon Haskett raised shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price target for the company in a research report on Friday, February 14th. Tigress Financial lifted their price target on Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a report on Friday, March 14th. Canaccord Genuity Group boosted their price target on Airbnb from $165.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Wells Fargo & Company cut their target price on Airbnb from $134.00 to $100.00 and set an "underweight" rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Airbnb presently has a consensus rating of "Hold" and a consensus price target of $146.56.

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Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 230,772 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the transaction, the chief executive officer now owns 12,000,913 shares of the company's stock, valued at approximately $1,934,067,139.08. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total value of $112,735.00. Following the completion of the sale, the chief technology officer now owns 180,514 shares in the company, valued at approximately $29,071,779.70. The trade was a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,030,357 shares of company stock valued at $284,351,868 over the last 90 days. 27.83% of the stock is owned by insiders.

Airbnb Trading Down 5.2 %

Airbnb stock traded down $6.29 during trading on Thursday, reaching $115.03. 3,971,553 shares of the company were exchanged, compared to its average volume of 4,722,137. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The stock's 50 day simple moving average is $131.85 and its two-hundred day simple moving average is $133.07. The company has a market capitalization of $72.53 billion, a P/E ratio of 27.68, a PEG ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $166.74.

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

Airbnb 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.