126,008 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. purchased a new position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 126,008 shares of the company's stock, valued at approximately $16,595,000.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of Airbnb during the 4th quarter valued at about $25,000. Berbice Capital Management LLC bought a new stake in Airbnb during the 4th quarter valued at approximately $26,000. Graney & King LLC purchased a new stake in Airbnb in the fourth quarter worth $32,000. Whipplewood Advisors LLC bought a new position in shares of Airbnb in the 4th quarter worth about $44,000. Finally, Cromwell Holdings LLC lifted its position in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after acquiring an additional 170 shares during the period. Institutional investors own 80.76% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ABNB. B. Riley lifted their price objective on Airbnb from $131.00 to $145.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Truist Financial decreased their target price on shares of Airbnb from $123.00 to $112.00 and set a "hold" rating for the company in a report on Friday, March 21st. Jefferies Financial Group raised shares of Airbnb from a "hold" rating to a "buy" rating and raised their price target for the company from $165.00 to $185.00 in a research report on Monday, March 10th. JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a research report on Friday, February 14th. Finally, UBS Group lifted their target price on Airbnb from $143.00 to $160.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $146.56.

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Insider Transactions at Airbnb

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $133.19, for a total transaction of $5,122,620.59. Following the completion of the transaction, the chief executive officer now directly owns 12,460,447 shares of the company's stock, valued at $1,659,606,935.93. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $129.82, for a total transaction of $90,874.00. Following the completion of the sale, the chief technology officer now directly owns 184,014 shares in the company, valued at approximately $23,888,697.48. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,245,342 shares of company stock valued at $307,735,023 in the last ninety days. Corporate insiders own 27.83% of the company's stock.

Airbnb Price Performance

Shares of NASDAQ:ABNB traded down $1.23 during midday trading on Friday, reaching $112.68. 1,615,551 shares of the company were exchanged, compared to its average volume of 4,729,817. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $71.05 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The business's fifty day moving average is $131.53 and its two-hundred day moving average is $132.95. Airbnb, Inc. has a one year low of $99.88 and a one year high of $166.74.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating 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 predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.