Sumitomo Mitsui DS Asset Management Company Ltd Acquires 15,762 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 14.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,382 shares of the company’s stock after buying an additional 15,762 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Airbnb were worth $16,214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Airbnb by 0.8% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,048,013 shares of the company’s stock worth $137,719,000 after acquiring an additional 8,777 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in Airbnb in the fourth quarter valued at about $6,198,000. Financial Advocates Investment Management bought a new position in Airbnb in the fourth quarter worth about $323,000. Trilogy Capital Inc. lifted its position in shares of Airbnb by 34.7% during the fourth quarter. Trilogy Capital Inc. now owns 15,586 shares of the company’s stock valued at $2,048,000 after buying an additional 4,015 shares during the last quarter. Finally, Confluence Wealth Services Inc. bought a new stake in shares of Airbnb in the 4th quarter valued at about $211,000. Institutional investors own 80.76% of the company’s stock.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares of the company’s stock, valued at $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total value of $89,705.00. Following the completion of the sale, the chief technology officer now directly owns 182,614 shares in the company, valued at $23,401,984.10. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,417,704 shares of company stock worth $187,654,829 in the last quarter. Corporate insiders own 27.83% of the company’s stock.

Airbnb Price Performance

NASDAQ:ABNB opened at $132.57 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The stock’s 50-day moving average price is $133.00 and its 200-day moving average price is $130.28. The stock has a market capitalization of $84.05 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analyst estimates 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 business posted $2.39 earnings per share. As a group, equities analysts expect that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on ABNB. Benchmark reiterated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Wells Fargo & Company decreased their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Wedbush restated an “outperform” rating and set a $155.00 target price on shares of Airbnb in a research note on Tuesday. UBS Group increased their price target on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Barclays boosted their price target on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $139.63.

Airbnb Company 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.