Livforsakringsbolaget Skandia Omsesidigt Has $417,000 Stock Holdings in Airbnb, Inc. $ABNB

Livforsakringsbolaget Skandia Omsesidigt decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 69.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,303 shares of the company’s stock after selling 7,600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Airbnb were worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Patton Fund Management Inc. boosted its stake in shares of Airbnb by 4.3% in the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after buying an additional 77 shares during the period. BOKF NA increased its stake in Airbnb by 11.0% during the 4th quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after acquiring an additional 78 shares during the period. Yoder Wealth Management Inc. raised its holdings in Airbnb by 0.3% in the 4th quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock valued at $3,582,000 after acquiring an additional 84 shares in the last quarter. Private Advisor Group LLC raised its holdings in Airbnb by 1.0% in the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock valued at $1,007,000 after acquiring an additional 86 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. lifted its position in shares of Airbnb by 3.4% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 2,692 shares of the company’s stock valued at $365,000 after acquiring an additional 89 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on Airbnb from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. DA Davidson upped their price objective on shares of Airbnb from $150.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a $173.00 price objective on shares of Airbnb in a research note on Thursday, May 21st. Evercore reissued an “outperform” rating on shares of Airbnb in a report on Friday, May 8th. Finally, Oppenheimer upgraded shares of 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.96.

Airbnb Price Performance

Shares of ABNB stock opened at $148.38 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $150.75. The company has a market cap of $89.43 billion, a P/E ratio of 36.55, a P/E/G ratio of 1.57 and a beta of 1.14. The business has a fifty day simple moving average of $138.89 and a 200 day simple moving average of $134.26.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) 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 business 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 firm earned $0.24 EPS. The business’s revenue was up 17.9% on a year-over-year basis. On average, sell-side analysts forecast that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 294,903 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $148.43, for a total transaction of $43,772,452.29. Following the completion of the transaction, the director directly owned 2,622,452 shares in the company, valued at $389,250,550.36. This represents a 10.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Chesky sold 265,746 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the completion of the transaction, the chief executive officer directly owned 11,206,389 shares of the company’s stock, valued at approximately $1,481,708,753.58. The trade was a 2.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 2,325,429 shares of company stock valued at $321,925,435. 27.21% of the stock is currently owned by insiders.

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.