Forsta AP Fonden Has $14.73 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Forsta AP Fonden lowered its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,100 shares of the company's stock after selling 6,600 shares during the quarter. Forsta AP Fonden's holdings in Airbnb were worth $14,731,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company's stock valued at $537,872,000 after buying an additional 4,172,985 shares during the period. Meritage Group LP acquired a new position in shares of Airbnb in the third quarter worth about $160,985,000. Edgewood Management LLC increased its holdings 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 purchasing an additional 1,143,464 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Airbnb by 19,430.3% during the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company's stock worth $1,419,610,000 after buying an additional 1,113,747 shares in the last quarter. Finally, Temasek Holdings Private Ltd raised its holdings in Airbnb by 91.3% in the third 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 currently owned by institutional investors and hedge funds.

Airbnb Stock Down 0.7 %

NASDAQ:ABNB traded down $0.95 during trading hours on Thursday, hitting $131.63. 633,475 shares of the company's stock traded hands, compared to its average volume of 4,019,072. 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 has a market cap of $83.45 billion, a P/E ratio of 46.24, a P/E/G ratio of 1.80 and a beta of 1.13. The stock's fifty day moving average price is $133.84 and its two-hundred day moving average price is $130.88. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter last year, the firm earned $2.39 EPS. On average, research analysts expect that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wedbush increased their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Morgan Stanley lifted their price target on shares of Airbnb from $115.00 to $125.00 and gave the company an "underweight" rating in a report on Monday, January 13th. Bank of America raised their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. TD Cowen increased their price target on Airbnb from $150.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, UBS Group boosted their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $139.63.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $133.19, for a total value of $5,122,620.59. Following the sale, the chief executive officer now directly owns 12,460,447 shares in the company, valued at $1,659,606,935.93. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the completion of the sale, the chief technology officer now owns 185,414 shares of the company's stock, valued at approximately $25,218,158.14. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,157,308 shares of company stock worth $153,981,848. 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.