Mediolanum International Funds Ltd Takes $6.01 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Mediolanum International Funds Ltd bought a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 45,677 shares of the company's stock, valued at approximately $6,006,000.

Several other institutional investors also recently bought and sold shares of ABNB. Pacer Advisors Inc. lifted its position in 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 purchasing an additional 4,172,985 shares during the last quarter. Meritage Group LP purchased a new position in shares of Airbnb in the third quarter worth $160,985,000. Edgewood Management LLC raised 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 valued at $1,722,388,000 after buying an additional 1,143,464 shares during the last quarter. International Assets Investment Management LLC boosted its position 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 valued at $1,419,610,000 after buying an additional 1,113,747 shares during the period. Finally, Temasek Holdings Private Ltd grew its holdings in Airbnb by 91.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company's stock worth $294,726,000 after acquiring an additional 1,109,076 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Down 0.5 %

Shares of Airbnb stock opened at $131.17 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a market cap of $83.16 billion, a price-to-earnings ratio of 46.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. The company's 50 day moving average is $133.69 and its 200 day moving average is $130.78.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JMP Securities reiterated a "market perform" rating on shares of Airbnb in a report on Monday, December 16th. Wells Fargo & Company cut their price objective on Airbnb from $100.00 to $96.00 and set an "underweight" rating on the stock in a research report on Thursday, January 16th. Truist Financial decreased their target price on Airbnb from $124.00 to $123.00 and set a "hold" rating for the company in a report on Wednesday, December 4th. DA Davidson lifted their price target on shares of Airbnb from $125.00 to $131.00 and gave the company a "neutral" rating in a report on Monday, November 18th. Finally, UBS Group upped their price objective on shares of Airbnb from $134.00 to $144.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $139.63.

Insider Activity

In related news, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction on 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 directly owns 164,850 shares in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the sale, the director now owns 10,321 shares of the company's stock, valued at approximately $1,352,876.68. The trade was a 95.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,372,293 shares of company stock valued at $181,759,318 in the last quarter. 27.83% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.