Handelsbanken Fonder AB Increases Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Handelsbanken Fonder AB raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,321 shares of the company’s stock after purchasing an additional 4,192 shares during the period. Handelsbanken Fonder AB’s holdings in Airbnb were worth $19,097,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in shares of Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after acquiring an additional 4,172,985 shares during the period. Meritage Group LP acquired a new stake in shares of Airbnb in the third quarter valued at approximately $160,985,000. Principal Financial Group Inc. boosted its holdings in shares of Airbnb by 174.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after acquiring an additional 1,185,892 shares during the period. Edgewood Management LLC boosted its holdings in shares of Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after acquiring an additional 1,143,464 shares during the period. Finally, Temasek Holdings Private Ltd boosted its holdings 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. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Trading Down 5.9 %

Airbnb stock opened at $146.07 on Friday. The stock has a market cap of $92.60 billion, a PE ratio of 35.37, a P/E/G ratio of 3.81 and a beta of 1.12. The stock has a 50-day moving average price of $135.45 and a 200 day moving average price of $130.96. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. 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 (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ABNB shares. TD Cowen increased their price objective on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Citigroup increased their price objective on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Finally, Wedbush reaffirmed an “outperform” rating and set a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $147.00.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the sale, the chief executive officer now owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total value of $112,735.00. Following the completion of the sale, the chief technology officer now owns 180,514 shares of the company’s stock, valued at $29,071,779.70. This trade represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,950,540 shares of company stock worth $275,598,944. 27.83% of the stock is owned by corporate insiders.

Airbnb 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.