E. Ohman J or Asset Management AB Boosts Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

E. Ohman J or Asset Management AB grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 225,417 shares of the company’s stock after purchasing an additional 1,405 shares during the period. E. Ohman J or Asset Management AB’s holdings in Airbnb were worth $28,585,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Dakota Wealth Management raised its position in Airbnb by 1.8% in the third quarter. Dakota Wealth Management now owns 9,175 shares of the company’s stock worth $1,163,000 after acquiring an additional 164 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of Airbnb by 0.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 88,751 shares of the company’s stock worth $11,255,000 after purchasing an additional 634 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Airbnb by 24.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 2,530 shares of the company’s stock valued at $321,000 after purchasing an additional 500 shares during the period. International Assets Investment Management LLC boosted its holdings in Airbnb by 19,430.3% during the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after buying an additional 1,113,747 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in Airbnb by 60.8% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 4,190 shares of the company’s stock valued at $531,000 after buying an additional 1,585 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Trading Up 0.6 %

NASDAQ ABNB opened at $132.75 on Friday. The stock has a market cap of $85.50 billion, a P/E ratio of 17.77, a PEG ratio of 1.83 and a beta of 1.17. The company’s fifty day simple moving average is $124.60 and its 200-day simple moving average is $139.37. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The business’s quarterly revenue was up 10.6% on a year-over-year basis. Equities research analysts predict that Airbnb, Inc. will post 4.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Airbnb 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 sale, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the transaction, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 406,171 shares of company stock worth $50,208,253. Insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ABNB shares. The Goldman Sachs Group dropped their price objective on Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Bank of America reaffirmed a “hold” rating and set a $142.00 price target (up previously from $132.00) on shares of Airbnb in a research note on Friday, October 11th. Susquehanna cut their target price on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating for the company in a research report on Wednesday, August 7th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. reduced their target price on Airbnb from $145.00 to $121.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $135.35.

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.