Asset Management One Co. Ltd. Has $25.10 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Asset Management One Co. Ltd. increased its position in Airbnb, Inc. (NASDAQ:ABNB) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,942 shares of the company’s stock after purchasing an additional 5,431 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Airbnb were worth $25,101,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Airbnb by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after acquiring an additional 791,149 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Airbnb by 158.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock worth $958,279,000 after acquiring an additional 3,558,178 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Airbnb by 4.7% during the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after acquiring an additional 153,784 shares during the period. Alphinity Investment Management Pty Ltd lifted its position in Airbnb by 1.6% in the 1st quarter. Alphinity Investment Management Pty Ltd now owns 2,536,014 shares of the company’s stock valued at $418,341,000 after acquiring an additional 39,129 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Airbnb by 0.6% in the 1st quarter. Clearbridge Investments LLC now owns 2,001,711 shares of the company’s stock worth $330,202,000 after purchasing an additional 12,200 shares during the period. Institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the sale, the chief technology officer now directly owns 198,244 shares in the company, valued at $23,579,141.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Joseph Gebbia sold 42,719 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at $2,083,378.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the sale, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 417,806 shares of company stock worth $51,809,831. Company insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $136.87 on Tuesday. The stock has a market capitalization of $87.82 billion, a PE ratio of 18.62, a P/E/G ratio of 1.90 and a beta of 1.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The business has a fifty day moving average price of $127.29 and a two-hundred day moving average price of $137.91.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. Airbnb’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. As a group, equities analysts predict that Airbnb, Inc. will post 4.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Argus downgraded Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. B. Riley decreased their target price on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Bank of America reaffirmed a “hold” rating and issued a $142.00 target price (up previously from $132.00) on shares of Airbnb in a research report on Friday, October 11th. Finally, Wells Fargo & Company increased their price target on shares of Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research note on Tuesday, October 8th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $135.35.

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.