Nomura Asset Management Co. Ltd. Has $20.26 Million Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Nomura Asset Management Co. Ltd. grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 3.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 159,765 shares of the company's stock after purchasing an additional 5,761 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Airbnb were worth $20,260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ABNB. New Millennium Group LLC bought a new stake in shares of Airbnb during the 2nd quarter worth about $28,000. Cultivar Capital Inc. acquired a new position in shares of Airbnb during the second quarter valued at approximately $30,000. Northwest Investment Counselors LLC bought a new stake in Airbnb during the third quarter worth approximately $25,000. Hollencrest Capital Management lifted its position in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after purchasing an additional 200 shares during the period. Finally, Unique Wealth Strategies LLC bought a new position in Airbnb during the 2nd quarter valued at $36,000. 80.76% of the stock is currently owned by institutional investors.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $72,000.00. Following the transaction, the chief technology officer now owns 195,844 shares in the company, valued at $23,501,280. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian Chesky sold 230,769 shares of the company's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the sale, the chief executive officer now owns 13,315,912 shares of the company's stock, valued at $1,597,909,440. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 787,926 shares of company stock valued at $101,440,343. Insiders own 27.83% of the company's stock.

Airbnb Stock Up 0.4 %

Shares of NASDAQ:ABNB traded up $0.54 during midday trading on Wednesday, hitting $138.84. 4,096,020 shares of the stock were exchanged, compared to its average volume of 4,517,472. The company has a market capitalization of $88.02 billion, a PE ratio of 48.53, a P/E/G ratio of 1.91 and a beta of 1.13. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week 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 business's fifty day simple moving average is $135.39 and its two-hundred day simple moving average is $134.90.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Susquehanna boosted their price objective on Airbnb from $130.00 to $160.00 and gave the stock a "positive" rating in a research note on Monday, November 11th. Wedbush boosted 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. Robert W. Baird upped their price target on shares of Airbnb from $120.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, November 8th. DA Davidson lifted their price objective on shares of Airbnb from $125.00 to $131.00 and gave the stock a "neutral" rating in a research note on Monday, November 18th. Finally, Citigroup increased their target price on shares of Airbnb from $135.00 to $158.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $138.94.

Airbnb Company 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.