Avanza Fonder AB Acquires Shares of 30,514 Airbnb, Inc. (NASDAQ:ABNB)

Avanza Fonder AB acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 30,514 shares of the company's stock, valued at approximately $4,010,000.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. raised its stake in shares of Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company's stock valued at $537,872,000 after acquiring an additional 4,172,985 shares during the last quarter. Meritage Group LP acquired a new stake in shares of Airbnb in the third quarter valued at $160,985,000. Edgewood Management LLC lifted its position in Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company's stock worth $1,722,388,000 after buying an additional 1,143,464 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Airbnb by 19,430.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company's stock worth $1,419,610,000 after acquiring an additional 1,113,747 shares during the last quarter. Finally, Temasek Holdings Private Ltd increased its position in Airbnb by 91.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company's stock valued at $294,726,000 after acquiring an additional 1,109,076 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Up 2.2 %

Airbnb stock traded up $2.96 during midday trading on Friday, reaching $135.12. The stock had a trading volume of 3,740,209 shares, compared to its average volume of 3,539,122. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm's fifty day simple moving average is $134.16 and its 200-day simple moving average is $132.11. The stock has a market capitalization of $85.66 billion, a P/E ratio of 47.41, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the prior year, the firm earned $2.39 EPS. As a group, analysts expect that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of research reports. Citigroup upped their target price on shares of Airbnb from $135.00 to $158.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Cantor Fitzgerald reiterated an "underweight" rating and issued a $94.00 price objective on shares of Airbnb in a research report on Monday, October 7th. Bank of America boosted their target price on Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Truist Financial decreased their price target on Airbnb from $124.00 to $123.00 and set a "hold" rating on the stock in a report on Wednesday, December 4th. Finally, Susquehanna boosted their price objective on Airbnb from $130.00 to $160.00 and gave the stock a "positive" rating in a report on Monday, November 11th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $139.63.

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $128.95, for a total value of $27,632,050.75. Following the completion of the sale, the director now owns 1,071,430 shares in the company, valued at $138,160,898.50. This trade represents a 16.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the transaction, the insider now owns 164,850 shares in the company, valued at $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,130,982 shares of company stock worth $150,523,585 in the last three months. Insiders own 27.83% of the company's stock.

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.