Handelsbanken Fonder AB Has $23.43 Million Stock Holdings in Airbnb, Inc. $ABNB

Handelsbanken Fonder AB grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 14.0% during the fourth quarter, Holdings Channel reports. The firm owned 172,611 shares of the company’s stock after acquiring an additional 21,138 shares during the quarter. Handelsbanken Fonder AB’s holdings in Airbnb were worth $23,427,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Life Insurance Co. lifted its stake in shares of Airbnb by 15.0% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock valued at $8,022,000 after purchasing an additional 8,636 shares during the period. National Pension Service lifted its stake in shares of Airbnb by 1.1% in the 3rd quarter. National Pension Service now owns 1,096,411 shares of the company’s stock valued at $133,126,000 after purchasing an additional 12,453 shares during the period. Chicago Partners Investment Group LLC increased its position in Airbnb by 87.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 23,155 shares of the company’s stock valued at $2,964,000 after buying an additional 10,808 shares in the last quarter. Syntax Research Inc. bought a new stake in Airbnb in the 3rd quarter valued at about $1,865,000. Finally, Markel Group Inc. increased its position in Airbnb by 7.1% in the 3rd quarter. Markel Group Inc. now owns 227,133 shares of the company’s stock valued at $27,578,000 after buying an additional 15,130 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $126.16, for a total value of $7,317,280.00. Following the transaction, the director owned 170,015 shares in the company, valued at $21,449,092.40. This trade represents a 25.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathan Blecharczyk sold 60,136 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $145.70, for a total value of $8,761,815.20. Following the completion of the transaction, the insider owned 11,920 shares in the company, valued at $1,736,744. This represents a 83.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 513,838 shares of company stock worth $69,467,685 in the last 90 days. Corporate insiders own 27.21% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB opened at $135.55 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a 50 day moving average price of $133.52 and a two-hundred day moving average price of $129.76. The firm has a market capitalization of $81.70 billion, a P/E ratio of 33.39, a P/E/G ratio of 1.41 and a beta of 1.20. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the business earned $0.24 EPS. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. Equities analysts forecast that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb’s new services expansion could open additional revenue streams, increase app usage, and make the platform more valuable to travelers. Airbnb expands into hotels, cars, groceries
• Positive Sentiment: Management’s push into hotels and “Amazon for services” positioning suggests Airbnb is trying to broaden its addressable market beyond home rentals, which could support longer-term growth. Airbnb adds hotels, car rentals. Chesky says app can become an ‘Amazon for services’
• Positive Sentiment: Reports that the stock jumped on the expansion news indicate investors are rewarding the company’s move to deepen engagement and diversify beyond core lodging. Airbnb Stock (ABNB) Jumps as Company Expands into Luggage Storage and Car Rentals
• Neutral Sentiment: Coverage comparing ABNB with other travel stocks and discussing valuation is not a direct catalyst, but it keeps attention on how expensive the shares are relative to peers.
• Neutral Sentiment: Director Joseph Gebbia sold 54,000 shares, a disclosure that may catch investors’ attention, but insider sales do not always signal a fundamental problem. SEC filing

Analyst Ratings Changes

A number of analysts recently commented on ABNB shares. Oppenheimer raised Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price for the company in a research report on Monday, May 4th. Wells Fargo & Company boosted their target price on Airbnb from $178.00 to $181.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Citizens Jmp boosted their target price on Airbnb from $160.00 to $170.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Truist Financial raised Airbnb from a “sell” rating to a “hold” rating and boosted their target price for the company from $107.00 to $129.00 in a research report on Thursday, March 26th. Finally, Raymond James Financial raised Airbnb from a “market perform” rating to a “strong-buy” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Airbnb currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.67.

Airbnb Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.