Avanza Fonder AB Buys New Shares in Airbnb, Inc. (NASDAQ:ABNB)

Avanza Fonder AB purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 30,514 shares of the company’s stock, valued at approximately $4,010,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb in the third quarter valued at about $25,000. Hollencrest Capital Management grew its stake in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Airbnb during the 3rd quarter worth approximately $30,000. Quarry LP bought a new stake in shares of Airbnb during the 3rd quarter worth approximately $55,000. Finally, CVA Family Office LLC boosted its holdings in shares of Airbnb by 131.2% in the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company’s stock valued at $60,000 after buying an additional 269 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Performance

NASDAQ:ABNB opened at $135.12 on Friday. The company has a market cap of $85.66 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a fifty day moving average price of $134.15 and a 200-day moving average price of $132.22.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the prior year, the company earned $2.39 EPS. As a group, equities analysts anticipate that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Bank of America boosted their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Susquehanna boosted their price objective on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. UBS Group raised their target price on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group boosted their price target on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI upped their price objective on Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Airbnb has an average rating of “Hold” and an average price target of $139.63.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the transaction, the director now owns 10,321 shares in the company, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total value of $81,198.00. Following the sale, the chief technology officer now owns 192,244 shares of the company’s stock, valued at approximately $26,016,380.52. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,130,982 shares of company stock valued at $150,523,585. Company insiders own 27.83% of the company’s stock.

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.