OVERSEA CHINESE BANKING Corp Ltd Acquires 16,086 Shares of Airbnb, Inc. (NASDAQ:ABNB)

OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 63.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,487 shares of the company's stock after purchasing an additional 16,086 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Airbnb were worth $5,462,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Intech Investment Management LLC grew its holdings in shares of Airbnb by 121.3% in the 4th quarter. Intech Investment Management LLC now owns 7,808 shares of the company's stock worth $1,026,000 after purchasing an additional 4,279 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of Airbnb in the 4th quarter valued at approximately $1,856,000. Horizon Investments LLC raised its holdings in Airbnb by 41.5% during the 4th quarter. Horizon Investments LLC now owns 12,188 shares of the company's stock worth $1,602,000 after buying an additional 3,575 shares during the period. PDS Planning Inc raised its holdings in Airbnb by 10.8% during the 4th quarter. PDS Planning Inc now owns 2,110 shares of the company's stock worth $277,000 after buying an additional 205 shares during the period. Finally, Signaturefd LLC raised its holdings in Airbnb by 2.9% during the 4th quarter. Signaturefd LLC now owns 4,322 shares of the company's stock worth $568,000 after buying an additional 123 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Price Performance

NASDAQ:ABNB traded up $2.65 during mid-day trading on Friday, reaching $128.80. The stock had a trading volume of 8,703,802 shares, compared to its average volume of 4,414,497. The firm has a 50 day moving average price of $135.72 and a two-hundred day moving average price of $133.30. The stock has a market capitalization of $81.21 billion, a P/E ratio of 31.19, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

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Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping 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, analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 38,461 shares of the company's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the completion of the sale, the chief executive officer now owns 12,537,369 shares in the company, valued at approximately $1,674,741,751.02. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 20,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total value of $2,637,400.00. Following the completion of the sale, the chief technology officer now owns 185,414 shares of the company's stock, valued at approximately $24,450,544.18. The trade was a 9.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,094,370 shares of company stock valued at $294,900,910 over the last ninety days. Company insiders own 27.83% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ABNB shares. DA Davidson raised their price target on shares of Airbnb from $131.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. The Goldman Sachs Group raised Airbnb from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $110.00 to $153.00 in a report on Friday, February 14th. Morgan Stanley lifted their target price on Airbnb from $115.00 to $125.00 and gave the stock an "underweight" rating in a report on Monday, January 13th. HSBC raised Airbnb from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Finally, Evercore ISI lifted their target price on Airbnb to $155.00 and gave the company a "hold" rating in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $147.82.

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.