Mizuho Securities USA LLC Has $5.39 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Mizuho Securities USA LLC increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 43.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,027 shares of the company’s stock after purchasing an additional 12,495 shares during the quarter. Mizuho Securities USA LLC’s holdings in Airbnb were worth $5,391,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ABNB. Meritage Group LP bought a new position in shares of Airbnb in the 3rd quarter valued at about $160,985,000. Principal Financial Group Inc. lifted its holdings in Airbnb by 174.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock worth $245,268,000 after purchasing an additional 1,185,892 shares during the last quarter. Temasek Holdings Private Ltd boosted its position in shares of Airbnb by 91.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after acquiring an additional 1,109,076 shares during the period. Parnassus Investments LLC grew its position in shares of Airbnb by 8,324.9% during the 4th quarter. Parnassus Investments LLC now owns 655,539 shares of the company’s stock worth $86,144,000 after purchasing an additional 647,758 shares in the last quarter. Finally, Trivest Advisors Ltd grew its position in Airbnb by 137.3% during the fourth quarter. Trivest Advisors Ltd now owns 849,500 shares of the company’s stock worth $111,633,000 after buying an additional 491,500 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of analyst reports. Robert W. Baird upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $140.00 to $175.00 in a research note on Friday, February 14th. B. Riley increased their target price on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Morgan Stanley lifted their price target on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. UBS Group upped their target price on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group increased their price target on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $147.82.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $128.80 on Friday. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.00. The company’s 50-day moving average is $135.72 and its 200 day moving average is $133.30. The company has a market capitalization of $81.21 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

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

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total value of $88,200.00. Following the transaction, the chief technology officer now owns 171,419 shares of the company’s stock, valued at approximately $21,598,794. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $133.58, for a total value of $5,137,620.38. Following the sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders have sold a total of 2,094,370 shares of company stock worth $294,900,910 over the last 90 days. Corporate insiders own 27.83% of the company’s stock.

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.