Royal London Asset Management Ltd. Acquires 12,556 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Royal London Asset Management Ltd. raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 246,140 shares of the company's stock after buying an additional 12,556 shares during the period. Royal London Asset Management Ltd.'s holdings in Airbnb were worth $31,213,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb in the 3rd quarter worth approximately $25,000. Hollencrest Capital Management grew its stake in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after purchasing an additional 200 shares during the last quarter. New Millennium Group LLC acquired a new position in shares of Airbnb in the 2nd quarter worth approximately $28,000. Cultivar Capital Inc. acquired a new position in shares of Airbnb in the 2nd quarter worth approximately $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Airbnb in the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $72,000.00. Following the completion of the sale, the chief technology officer now directly owns 195,844 shares of the company's stock, valued at $23,501,280. This represents a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Elinor Mertz sold 10,500 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $136.97, for a total value of $1,438,185.00. Following the completion of the sale, the chief financial officer now directly owns 503,738 shares of the company's stock, valued at approximately $68,996,993.86. This trade represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 748,465 shares of company stock valued at $96,015,340 in the last ninety days. 27.83% of the stock is owned by insiders.

Airbnb Trading Up 0.4 %

Airbnb stock traded up $0.60 during trading hours on Friday, reaching $136.92. 4,294,949 shares of the company's stock traded hands, compared to its average volume of 4,521,833. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market capitalization of $86.80 billion, a price-to-earnings ratio of 47.83, a PEG ratio of 1.95 and a beta of 1.13. The firm's 50 day moving average is $134.75 and its 200-day moving average is $135.16.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its 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 net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the company posted $2.39 earnings per share. On average, analysts predict that Airbnb, Inc. will post 4.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

ABNB has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Airbnb from $121.00 to $142.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Benchmark reissued a "buy" rating and issued a $155.00 target price on shares of Airbnb in a research report on Friday, November 8th. Phillip Securities reissued a "reduce" rating and issued a $120.00 target price on shares of Airbnb in a research report on Tuesday, November 12th. Wells Fargo & Company lifted their target price on shares of Airbnb from $100.00 to $102.00 and gave the stock an "underweight" rating in a research report on Tuesday, October 8th. Finally, Raymond James started coverage on shares of Airbnb in a research report on Friday, September 27th. They issued a "market perform" rating and a $134.00 target price on the stock. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $138.94.

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.