Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 251,660 shares of the company’s stock after acquiring an additional 5,520 shares during the period. Royal London Asset Management Ltd.’s holdings in Airbnb were worth $33,071,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Verde Capital Management increased its holdings in shares of Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after purchasing an additional 4,269 shares in the last quarter. Tri Ri Asset Management Corp purchased a new position in shares of Airbnb in the 3rd quarter valued at about $6,352,000. Baltimore Washington Financial Advisors Inc. increased its holdings in shares of Airbnb by 14.8% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after purchasing an additional 6,357 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Airbnb by 40.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after purchasing an additional 197,558 shares in the last quarter. Finally, Sarasin & Partners LLP purchased a new position in shares of Airbnb in the 4th quarter valued at about $2,272,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total value of $88,200.00. Following the completion of the transaction, the chief technology officer now owns 171,419 shares of the company’s stock, valued at approximately $21,598,794. This represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 2,712 shares of Airbnb stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $156.32, for a total value of $423,939.84. Following the sale, the insider now owns 159,337 shares in the company, valued at $24,907,559.84. This represents a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,094,370 shares of company stock worth $294,900,910. 27.83% of the stock is currently owned by company insiders.

Airbnb Stock Performance

NASDAQ ABNB opened at $126.15 on Friday. The firm has a market capitalization of $79.54 billion, a P/E ratio of 30.54, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. 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 business’s 50-day simple moving average is $135.74 and its 200-day simple moving average is $133.10.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ABNB shares. Robert W. Baird upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and increased their price target for the company from $140.00 to $175.00 in a report on Friday, February 14th. Susquehanna raised their target price on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a report on Tuesday, February 18th. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Benchmark raised their target price on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, B. Riley raised their target price on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $148.15.

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.