Mn Services Vermogensbeheer B.V. Has $22.55 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Mn Services Vermogensbeheer B.V. boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 171,600 shares of the company’s stock after buying an additional 3,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Airbnb were worth $22,550,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ABNB. Golden State Wealth Management LLC bought a new stake in shares of Airbnb during the fourth quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb during the fourth quarter worth $26,000. Hollencrest Capital Management boosted its holdings in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the third quarter valued at approximately $30,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Airbnb during the 4th quarter worth $44,000. 80.76% of the stock is owned by institutional investors.

Airbnb Price Performance

Shares of ABNB opened at $139.45 on Friday. The firm has a market cap of $87.93 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 3.52 and a beta of 1.12. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The business’s 50 day moving average price is $136.43 and its two-hundred day moving average price is $131.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share 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%. On average, equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Wells Fargo & Company decreased their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Finally, Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $140.00 to $175.00 in a research report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $146.48.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the transaction, the chief technology officer now owns 185,414 shares in the company, valued at $25,218,158.14. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the transaction, the chief executive officer now directly owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,091,314 shares of company stock worth $295,773,256 over the last quarter. 27.83% of the stock is currently owned by corporate 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.