Meiji Yasuda Asset Management Co Ltd. Has $1.27 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Meiji Yasuda Asset Management Co Ltd. boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 20.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,676 shares of the company’s stock after acquiring an additional 1,630 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Airbnb were worth $1,272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC grew its position in shares of Airbnb by 3,643.9% during the 3rd quarter. Quest Partners LLC now owns 2,134 shares of the company’s stock worth $271,000 after buying an additional 2,077 shares during the period. Kingsview Wealth Management LLC grew its holdings in Airbnb by 2.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after acquiring an additional 97 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Airbnb during the 3rd quarter valued at $67,000. Private Trust Co. NA raised its position in shares of Airbnb by 9.9% during the 3rd quarter. Private Trust Co. NA now owns 1,121 shares of the company’s stock valued at $142,000 after acquiring an additional 101 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of Airbnb by 2.1% in the 3rd quarter. D.A. Davidson & CO. now owns 31,575 shares of the company’s stock valued at $4,004,000 after purchasing an additional 650 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Down 1.0 %

Shares of ABNB stock opened at $128.64 on Thursday. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $169.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market cap of $81.11 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 3.52 and a beta of 1.10. The firm’s 50-day moving average is $135.71 and its 200-day moving average is $133.60.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) 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%. Sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 20,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total value of $2,637,400.00. Following the completion of the sale, the chief technology officer now directly owns 185,414 shares in the company, valued at $24,450,544.18. The trade was a 9.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,055,909 shares of company stock worth $289,763,290 over the last ninety days. Insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Jefferies Financial Group raised Airbnb from a “hold” rating to a “buy” rating and upped their price target for the company from $165.00 to $185.00 in a research note on Monday, March 10th. DA Davidson increased their price target 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 Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average target price of $147.36.

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.