Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 5,600 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,600 shares of the company’s stock after buying an additional 5,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Airbnb were worth $10,723,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Verde Capital Management boosted its stake in Airbnb by 25.3% in the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after purchasing an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Airbnb in the third quarter valued at about $34,982,000. Tri Ri Asset Management Corp acquired a new position in Airbnb during the 3rd quarter worth about $6,352,000. J.W. Cole Advisors Inc. lifted its position in Airbnb by 86.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after buying an additional 2,132 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. grew its holdings in 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 during the last quarter. 80.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ABNB. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $110.00 to $153.00 in a research note on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Canaccord Genuity Group increased their price objective on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Bank of America boosted their target price on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, TD Cowen raised their price target on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. 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 given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $146.48.

Insider Buying and Selling

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the sale, the chief accounting officer now directly owns 40,581 shares in the company, valued at $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the transaction, the chief executive officer now owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,873,617 shares of company stock valued at $264,834,339 over the last quarter. 27.83% of the stock is owned by company insiders.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $146.07 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market cap of $92.10 billion, a price-to-earnings ratio of 35.37, a P/E/G ratio of 3.74 and a beta of 1.12. The stock’s fifty day moving average price is $135.45 and its two-hundred day moving average price is $131.09. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

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

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.