Livforsakringsbolaget Skandia Omsesidigt Trims Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 21.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,303 shares of the company’s stock after selling 4,600 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Airbnb were worth $2,274,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Airbnb by 14.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 123,382 shares of the company’s stock worth $16,214,000 after purchasing an additional 15,762 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Airbnb by 0.8% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,048,013 shares of the company’s stock worth $137,719,000 after purchasing an additional 8,777 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Airbnb in the fourth quarter worth about $6,198,000. Financial Advocates Investment Management purchased a new position in shares of Airbnb in the fourth quarter worth about $323,000. Finally, Trilogy Capital Inc. increased its stake in shares of Airbnb by 34.7% in the fourth quarter. Trilogy Capital Inc. now owns 15,586 shares of the company’s stock worth $2,048,000 after purchasing an additional 4,015 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ABNB shares. Truist Financial cut their price objective on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Evercore ISI raised their price objective on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday, January 15th. Susquehanna raised their price objective on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Monday, November 11th. TD Cowen raised their price objective on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Piper Sandler raised their price objective on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $139.63.

Insider Activity

In other news, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction 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 in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total transaction of $90,706.00. Following the sale, the chief technology officer now owns 181,914 shares in the company, valued at approximately $23,572,416.12. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,417,704 shares of company stock worth $187,654,829. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Up 2.3 %

Shares of Airbnb stock opened at $132.57 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $133.00 and its two-hundred day simple moving average is $130.28. The company has a market cap of $84.05 billion, a P/E ratio of 46.52, a PEG ratio of 1.72 and a beta of 1.12. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data 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 company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the previous year, the firm posted $2.39 earnings per share. Research analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current year.

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.