E. Ohman J or Asset Management AB Increases Position in Airbnb, Inc. (NASDAQ:ABNB)

E. Ohman J or Asset Management AB grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 15.8% during the fourth quarter, HoldingsChannel reports. The firm owned 260,936 shares of the company’s stock after acquiring an additional 35,519 shares during the period. E. Ohman J or Asset Management AB’s holdings in Airbnb were worth $34,290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ABNB. Baltimore Washington Financial Advisors Inc. grew its holdings in shares of Airbnb by 14.8% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after purchasing an additional 6,357 shares during the period. Fourpath Capital Management LLC boosted its holdings in Airbnb by 38.6% in the 4th quarter. Fourpath Capital Management LLC now owns 2,540 shares of the company’s stock valued at $334,000 after purchasing an additional 708 shares during the last quarter. Optas LLC acquired a new position in Airbnb in the 4th quarter valued at about $286,000. Western Pacific Wealth Management LP purchased a new stake in shares of Airbnb in the 4th quarter valued at approximately $133,000. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of Airbnb by 385.9% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 9,271 shares of the company’s stock worth $1,218,000 after buying an additional 7,363 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the sale, the director now directly owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. The trade was a 95.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total value of $89,705.00. Following the transaction, the chief technology officer now owns 182,614 shares in the company, valued at $23,401,984.10. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,372,293 shares of company stock worth $181,759,318 over the last three months. Insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ABNB. Jefferies Financial Group upped their price objective on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Robert W. Baird upped their price target on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Evercore ISI raised their price objective on Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. boosted their price objective on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Morgan Stanley increased their target price on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $139.63.

Airbnb Stock Performance

NASDAQ:ABNB opened at $129.78 on Tuesday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $82.28 billion, a PE ratio of 45.54, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. The business’s fifty day moving average price is $133.47 and its 200 day moving average price is $130.39.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the previous year, the company posted $2.39 EPS. On average, sell-side analysts anticipate that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

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.