Swedbank AB Has $114.14 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Swedbank AB increased its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 868,592 shares of the company's stock after acquiring an additional 4,685 shares during the quarter. Swedbank AB owned about 0.14% of Airbnb worth $114,142,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb in the 3rd quarter worth approximately $25,000. Hollencrest Capital Management boosted its position in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company's stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter worth about $26,000. Ashton Thomas Securities LLC bought a new position in shares of Airbnb in the 3rd quarter worth about $30,000. Finally, Quarry LP acquired a new position in shares of Airbnb in the 3rd quarter valued at about $55,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded up $2.10 during trading on Wednesday, hitting $133.15. 372,547 shares of the company were exchanged, compared to its average volume of 4,024,943. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The stock has a 50 day moving average of $133.90 and a 200 day moving average of $130.87. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market cap of $84.41 billion, a PE ratio of 46.72, a P/E/G ratio of 1.80 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the prior year, the business earned $2.39 EPS. As a group, equities research analysts predict that Airbnb, Inc. will post 3.98 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ABNB shares. Susquehanna lifted their target price on Airbnb from $130.00 to $160.00 and gave the stock a "positive" rating in a report on Monday, November 11th. Truist Financial dropped their target price on shares of Airbnb from $124.00 to $123.00 and set a "hold" rating on the stock in a research report on Wednesday, December 4th. Citigroup lifted their price target 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. JMP Securities reissued a "market perform" rating on shares of Airbnb in a research report on Monday, December 16th. Finally, Cantor Fitzgerald reaffirmed an "underweight" rating and issued a $94.00 target price on shares of Airbnb in a research report on Monday, October 7th. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $139.63.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the firm's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the sale, the insider now owns 164,850 shares in the company, valued at $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 500 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the transaction, the chief technology officer now directly owns 185,414 shares in the company, valued at approximately $25,218,158.14. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,157,308 shares of company stock worth $153,981,848. Insiders own 27.83% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.