MML Investors Services LLC Acquires 9,312 Shares of Airbnb, Inc. (NASDAQ:ABNB)

MML Investors Services LLC raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 14.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 75,412 shares of the company's stock after purchasing an additional 9,312 shares during the period. MML Investors Services LLC's holdings in Airbnb were worth $9,910,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ABNB. Norinchukin Bank The raised its stake in Airbnb by 9.4% in the fourth quarter. Norinchukin Bank The now owns 24,733 shares of the company's stock worth $3,250,000 after buying an additional 2,131 shares in the last quarter. Ossiam raised its position in shares of Airbnb by 232.6% in the 4th quarter. Ossiam now owns 42,477 shares of the company's stock worth $5,582,000 after acquiring an additional 29,706 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Airbnb in the 4th quarter worth $2,450,000. Dimensional Fund Advisors LP lifted its stake in shares of Airbnb by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 812,476 shares of the company's stock worth $106,769,000 after purchasing an additional 17,620 shares during the last quarter. Finally, Capital International Ltd. CA boosted its position in Airbnb by 2.0% during the fourth quarter. Capital International Ltd. CA now owns 81,847 shares of the company's stock valued at $10,756,000 after purchasing an additional 1,573 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Stock Performance

Shares of ABNB stock opened at $114.91 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $166.74. The business's 50 day moving average is $128.09 and its two-hundred day moving average is $132.15. The company has a market capitalization of $72.46 billion, a P/E ratio of 27.82, a P/E/G ratio of 3.52 and a beta of 1.15.

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

Insider Buying and Selling

In other news, insider Nathan Blecharczyk sold 2,712 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $156.32, for a total value of $423,939.84. Following the completion of the sale, the insider now directly owns 159,337 shares in the company, valued at $24,907,559.84. This represents a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 700 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $114.68, for a total transaction of $80,276.00. Following the transaction, the chief technology officer now owns 222,822 shares in the company, valued at $25,553,226.96. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,998,146 shares of company stock worth $275,624,925 in the last 90 days. Insiders own 27.83% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Evercore ISI increased their price target on shares of Airbnb to $155.00 and gave the company a "hold" rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. decreased their target price on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Tigress Financial lifted their price target on shares of Airbnb from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, March 14th. Needham & Company LLC reiterated a "hold" rating on shares of Airbnb in a report on Friday, February 14th. Finally, Gordon Haskett upgraded Airbnb from a "sell" rating to a "hold" rating and set a $143.00 target price on the stock in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $146.94.

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.

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