Mirae Asset Global Investments Co. Ltd. Acquires 16,773 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Mirae Asset Global Investments Co. Ltd. boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 15.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,726 shares of the company’s stock after buying an additional 16,773 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Airbnb were worth $17,146,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the 3rd quarter valued at about $25,000. Hollencrest Capital Management boosted its stake in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Berbice Capital Management LLC bought a new stake in Airbnb during the 4th quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb in the third quarter valued at approximately $30,000. Finally, Quarry LP bought a new stake in shares of Airbnb during the third quarter worth $55,000. 80.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Phillip Securities reissued a “reduce” rating and set a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Piper Sandler boosted their price target on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Wells Fargo & Company reduced their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Citigroup increased their target price on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Barclays raised their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $139.63.

Airbnb Stock Performance

Shares of ABNB stock opened at $129.60 on Thursday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average price of $133.11 and a 200-day moving average price of $130.26. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The firm has a market capitalization of $82.16 billion, a PE ratio of 45.47, a P/E/G ratio of 1.72 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter last year, the business earned $2.39 earnings per share. As a group, equities research analysts expect that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 76,923 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the sale, the chief executive officer now owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. This represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the sale, the insider now owns 164,850 shares of the company’s stock, valued at $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,410,754 shares of company stock valued at $186,754,248. 27.83% of the stock is owned by company insiders.

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.