Rakuten Securities Inc. Decreases Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Rakuten Securities Inc. decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 33.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288 shares of the company’s stock after selling 148 shares during the quarter. Rakuten Securities Inc.’s holdings in Airbnb were worth $38,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Verde Capital Management boosted its stake in shares of Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after acquiring an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Airbnb during the 3rd quarter worth approximately $34,982,000. Tri Ri Asset Management Corp purchased a new stake in shares of Airbnb during the 3rd quarter worth approximately $6,352,000. Baltimore Washington Financial Advisors Inc. boosted its stake in shares of Airbnb by 14.8% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after acquiring an additional 6,357 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Airbnb by 40.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after acquiring an additional 197,558 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 5.7 %

Shares of Airbnb stock opened at $119.38 on Friday. The company has a fifty day moving average price of $136.49 and a 200 day moving average price of $132.80. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The stock has a market cap of $75.27 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

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

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $26,046,300. This represents a 52.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $131.88, for a total transaction of $28,259,905.80. Following the completion of the transaction, the director now directly owns 1,285,715 shares of the company’s stock, valued at approximately $169,560,094.20. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,269,494 shares of company stock valued at $318,203,453 in 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 issued reports on ABNB shares. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a research note on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Truist Financial reduced their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Finally, Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $148.00.

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.