191,800 Shares in Airbnb, Inc. (NASDAQ:ABNB) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 191,800 shares of the company’s stock, valued at approximately $25,204,000.

Other hedge funds have also recently modified their holdings of the company. Sei Investments Co. grew its position in Airbnb by 1.0% in the 4th quarter. Sei Investments Co. now owns 738,693 shares of the company’s stock valued at $97,072,000 after acquiring an additional 7,531 shares during the last quarter. Vestor Capital LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at $3,388,000. Mizuho Securities USA LLC boosted its stake in shares of Airbnb by 43.8% during the fourth quarter. Mizuho Securities USA LLC now owns 41,027 shares of the company’s stock valued at $5,391,000 after purchasing an additional 12,495 shares during the period. Quantbot Technologies LP grew its holdings in shares of Airbnb by 114.5% in the fourth quarter. Quantbot Technologies LP now owns 59,589 shares of the company’s stock worth $7,831,000 after purchasing an additional 31,812 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its stake in Airbnb by 4.0% in the 4th quarter. iA Global Asset Management Inc. now owns 46,657 shares of the company’s stock worth $6,131,000 after buying an additional 1,804 shares during the period. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ABNB shares. DA Davidson boosted their price objective on shares of Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Barclays raised their price objective on Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a report on Friday, February 14th. Bank of America upped their target price on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Truist Financial cut their price target on Airbnb from $123.00 to $112.00 and set a “hold” rating on the stock in a research note on Friday. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Airbnb has a consensus rating of “Hold” and an average price target of $147.82.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 12,537,369 shares of the company’s stock, valued at approximately $1,674,741,751.02. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now owns 164,850 shares of the company’s stock, valued at $26,046,300. The trade was a 52.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,094,370 shares of company stock worth $294,900,910. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Up 2.1 %

ABNB stock opened at $128.80 on Friday. The stock has a market capitalization of $81.21 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.00. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $135.72 and a 200 day moving average of $133.30.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Sell-side analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.