Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 25.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the company’s stock after acquiring an additional 20,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Airbnb were worth $13,141,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ABNB. Verde Capital Management boosted its stake in shares of Airbnb by 25.3% in the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after purchasing an additional 4,269 shares during the period. Tri Ri Asset Management Corp acquired a new position in Airbnb in the 3rd quarter worth $6,352,000. Baltimore Washington Financial Advisors Inc. boosted its position in Airbnb by 14.8% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after buying an additional 6,357 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Airbnb by 40.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after acquiring an additional 197,558 shares in the last quarter. Finally, Sarasin & Partners LLP purchased a new stake in shares of Airbnb during the fourth quarter worth about $2,272,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on ABNB shares. Robert W. Baird reduced their price target on Airbnb from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday, March 25th. Benchmark increased their target price on Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Wells Fargo & Company dropped their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $153.00 in a research note on Friday, February 14th. Finally, B. Riley raised their price objective on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $147.28.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $106.66 on Friday. The stock has a market cap of $67.25 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 3.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a 12 month low of $104.73 and a 12 month high of $166.74. The stock’s 50 day moving average price is $133.75 and its 200 day moving average price is $133.58.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data 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 return on equity of 32.29% and a net margin of 23.85%. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Nathan Blecharczyk sold 183,078 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total transaction of $94,745.00. Following the completion of the transaction, the chief technology officer now owns 184,714 shares in the company, valued at approximately $25,001,039.90. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,290,053 shares of company stock worth $319,656,539. Corporate insiders own 27.83% of the company’s stock.

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.