Temasek Holdings Private Ltd Boosts Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Temasek Holdings Private Ltd raised its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 91.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,324,151 shares of the company's stock after purchasing an additional 1,109,076 shares during the quarter. Airbnb accounts for approximately 1.2% of Temasek Holdings Private Ltd's holdings, making the stock its 21st largest holding. Temasek Holdings Private Ltd owned 0.36% of Airbnb worth $294,726,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kingswood Wealth Advisors LLC lifted its stake in Airbnb by 16.3% in the second quarter. Kingswood Wealth Advisors LLC now owns 2,480 shares of the company's stock valued at $376,000 after purchasing an additional 348 shares during the last quarter. CWM LLC raised its stake in Airbnb by 10.2% during the second quarter. CWM LLC now owns 12,868 shares of the company's stock valued at $1,951,000 after purchasing an additional 1,194 shares in the last quarter. Simplicity Wealth LLC lifted its position in shares of Airbnb by 9.7% during the second quarter. Simplicity Wealth LLC now owns 10,537 shares of the company's stock worth $1,598,000 after purchasing an additional 928 shares during the last quarter. Clarius Group LLC grew its holdings in Airbnb by 6.8% in the second quarter. Clarius Group LLC now owns 1,904 shares of the company's stock worth $289,000 after purchasing an additional 121 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in Airbnb by 4.3% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,974 shares of the company's stock valued at $603,000 after purchasing an additional 165 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 500 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the sale, the chief technology officer now owns 185,414 shares of the company's stock, valued at approximately $25,218,158.14. The trade was a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Elinor Mertz sold 10,500 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $136.97, for a total value of $1,438,185.00. Following the sale, the chief financial officer now owns 503,738 shares in the company, 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 have sold a total of 748,465 shares of company stock valued at $96,015,340 over the last 90 days. 27.83% of the stock is owned by corporate insiders.

Airbnb Price Performance

ABNB traded down $2.75 during trading on Friday, hitting $136.32. The company's stock had a trading volume of 6,174,926 shares, compared to its average volume of 4,522,771. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm's 50 day moving average price is $134.75 and its two-hundred day moving average price is $135.16. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The stock has a market capitalization of $86.42 billion, a price-to-earnings ratio of 47.83, a price-to-earnings-growth ratio of 1.95 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the business earned $2.39 EPS. Sell-side analysts forecast that Airbnb, Inc. will post 4.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ABNB shares. Susquehanna boosted their price target on Airbnb from $130.00 to $160.00 and gave the company a "positive" rating in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective on Airbnb from $121.00 to $142.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. DA Davidson increased their price target on shares of Airbnb from $125.00 to $131.00 and gave the stock a "neutral" rating in a research report on Monday, November 18th. Barclays boosted their price target on Airbnb from $100.00 to $110.00 and gave the company an "underweight" rating in a research note on Friday, November 8th. Finally, Robert W. Baird boosted their target price on Airbnb from $120.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Six 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 MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.