Elo Mutual Pension Insurance Co Trims Stake in Airbnb, Inc. (NASDAQ:ABNB)

Elo Mutual Pension Insurance Co lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,154 shares of the company’s stock after selling 1,770 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Airbnb were worth $5,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ABNB. Golden State Wealth Management LLC purchased a new position in Airbnb during the fourth quarter valued at $25,000. Berbice Capital Management LLC bought a new position in shares of Airbnb in the fourth quarter worth about $26,000. Graney & King LLC purchased a new position in shares of Airbnb during the 4th quarter valued at about $32,000. Whipplewood Advisors LLC purchased a new position in shares of Airbnb during the 4th quarter valued at about $44,000. Finally, Cromwell Holdings LLC grew its stake in shares of Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after acquiring an additional 170 shares during the period. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ABNB shares. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Truist Financial lowered their target price on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Benchmark increased their price target on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Finally, Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $147.36.

Airbnb Price Performance

ABNB opened at $125.65 on Friday. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $167.38. The stock has a market cap of $79.23 billion, a P/E ratio of 30.42, a PEG ratio of 3.52 and a beta of 1.10. The business has a fifty day moving average of $135.58 and a 200 day moving average of $133.55. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (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%. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total value of $2,637,400.00. Following the completion of the sale, the chief technology officer now owns 185,414 shares in the company, valued at approximately $24,450,544.18. The trade was a 9.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the transaction, the insider now owns 164,850 shares in the company, valued at approximately $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,270,894 shares of company stock valued at $317,578,168 in the last ninety days. Corporate 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.