Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by ING Groep NV

ING Groep NV raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 56.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,863 shares of the company’s stock after acquiring an additional 50,299 shares during the quarter. ING Groep NV’s holdings in Airbnb were worth $18,379,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in Airbnb in the 4th quarter valued at about $25,000. Hollencrest Capital Management lifted 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 acquiring an additional 200 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in Airbnb in the 4th quarter valued at about $26,000. Ashton Thomas Securities LLC purchased a new stake in Airbnb during the third quarter valued at about $30,000. Finally, Quarry LP acquired a new position in shares of Airbnb in the third quarter worth about $55,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total transaction of $112,735.00. Following the transaction, the chief technology officer now owns 180,514 shares of the company’s stock, valued at approximately $29,071,779.70. The trade was a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 115,385 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $160.32, for a total transaction of $18,498,523.20. Following the transaction, the chief executive officer now directly owns 11,885,528 shares in the company, valued at $1,905,487,848.96. This trade represents a 0.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,950,540 shares of company stock valued at $275,598,944 over the last 90 days. 27.83% of the stock is currently owned by company insiders.

Airbnb Trading Down 1.7 %

NASDAQ:ABNB opened at $155.31 on Friday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The firm has a market cap of $98.46 billion, a price-to-earnings ratio of 37.61, a P/E/G ratio of 3.89 and a beta of 1.12. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $135.15 and its 200-day moving average is $130.82.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities analysts anticipate that Airbnb, Inc. will post 4.29 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on ABNB shares. Truist Financial decreased their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. TD Cowen raised their target price on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday. Benchmark raised their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $147.00.

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.