E. Ohman J or Asset Management AB Acquires 12,810 Shares of Airbnb, Inc. $ABNB

E. Ohman J or Asset Management AB lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 223,952 shares of the company’s stock after acquiring an additional 12,810 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Airbnb were worth $27,192,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Airbnb by 0.5% during the second quarter. Vanguard Group Inc. now owns 37,645,965 shares of the company’s stock worth $4,982,067,000 after purchasing an additional 183,336 shares during the period. Harris Associates L P boosted its holdings in shares of Airbnb by 43.2% during the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after buying an additional 4,292,383 shares during the period. Geode Capital Management LLC grew its stake in Airbnb by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock valued at $1,314,057,000 after buying an additional 145,788 shares during the last quarter. AQR Capital Management LLC grew its stake in Airbnb by 81.0% in the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after buying an additional 1,916,676 shares during the last quarter. Finally, Norges Bank bought a new position in Airbnb in the 2nd quarter valued at about $483,644,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $136.82 on Friday. The business has a fifty day moving average price of $124.73 and a two-hundred day moving average price of $127.50. The stock has a market capitalization of $84.22 billion, a PE ratio of 32.50, a P/E/G ratio of 2.41 and a beta of 1.11. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the business posted $2.13 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 141,063 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $121.96, for a total transaction of $17,204,043.48. Following the completion of the transaction, the insider directly owned 11,520 shares in the company, valued at $1,404,979.20. The trade was a 92.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 51,230 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80. Following the sale, the chief executive officer owned 45,854 shares of the company’s stock, valued at $6,014,210.64. The trade was a 52.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,754,606 shares of company stock worth $214,342,160. 27.91% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ABNB shares. Wedbush boosted their price objective on Airbnb from $130.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Royal Bank Of Canada upgraded Airbnb from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $145.00 to $170.00 in a research note on Wednesday, December 17th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Airbnb in a report on Friday, November 7th. BNP Paribas started coverage on Airbnb in a report on Monday, November 24th. They set a “hold” rating for the company. Finally, BTIG Research restated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $144.48.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.