Daiwa Securities Group Inc. Grows Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Daiwa Securities Group Inc. raised its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 47.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 152,463 shares of the company's stock after purchasing an additional 49,000 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Airbnb were worth $20,066,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Edgewood Management LLC raised its holdings in shares of Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company's stock valued at $1,722,388,000 after acquiring an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Airbnb by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company's stock valued at $1,189,635,000 after acquiring an additional 146,761 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Airbnb by 6,085.6% during 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Airbnb by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company's stock valued at $366,719,000 after acquiring an additional 84,348 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Airbnb by 3.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company's stock valued at $299,272,000 after acquiring an additional 80,610 shares in the last quarter. Institutional investors own 80.76% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have issued reports on ABNB. Morgan Stanley increased their price objective on Airbnb from $115.00 to $125.00 and gave the stock an "underweight" rating in a report on Monday, January 13th. Wedbush reissued an "outperform" rating and issued a $155.00 target price on shares of Airbnb in a research note on Tuesday, February 4th. Hsbc Global Res raised Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a research report on Friday, February 14th. Finally, Benchmark increased their target price on Airbnb from $150.00 to $178.00 and gave the company a "buy" rating in a report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $148.00.

Airbnb Trading Up 0.5 %

ABNB traded up $0.61 during trading hours on Wednesday, reaching $126.05. 2,582,142 shares of the company's stock traded hands, compared to its average volume of 4,409,188. The firm has a 50-day moving average price of $136.82 and a 200 day moving average price of $132.94. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $79.48 billion, a PE ratio of 30.45, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, insider Nathan Blecharczyk sold 183,078 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares of the company's stock, valued at approximately $26,046,300. The trade was a 52.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 214,285 shares of the business's stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $131.88, for a total value of $28,259,905.80. Following the completion of the transaction, the director now directly owns 1,285,715 shares of the company's stock, valued at approximately $169,560,094.20. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,054,509 shares of company stock valued at $290,940,989 in the last ninety days. Corporate 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.