E. Ohman J or Asset Management AB Has $35.14 Million Holdings in Airbnb, Inc. $ABNB

E. Ohman J or Asset Management AB boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 15.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,931 shares of the company’s stock after purchasing an additional 34,979 shares during the period. E. Ohman J or Asset Management AB’s holdings in Airbnb were worth $35,142,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ABNB. Capital Asset Advisory Services LLC grew its position in Airbnb by 1.8% in the fourth quarter. Capital Asset Advisory Services LLC now owns 20,456 shares of the company’s stock valued at $2,823,000 after purchasing an additional 367 shares in the last quarter. SG Americas Securities LLC grew its holdings in Airbnb by 204.0% during the fourth quarter. SG Americas Securities LLC now owns 236,764 shares of the company’s stock worth $32,134,000 after purchasing an additional 158,892 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Airbnb by 47.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,089,363 shares of the company’s stock worth $283,568,000 after acquiring an additional 674,797 shares during the period. Independence Wealth Advisors LLC acquired a new position in shares of Airbnb in the fourth quarter valued at $236,000. Finally, True Wealth Design LLC grew its stake in Airbnb by 30.9% in the 4th quarter. True Wealth Design LLC now owns 1,514 shares of the company’s stock valued at $205,000 after buying an additional 357 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on ABNB shares. Wells Fargo & Company lifted their price objective on shares of Airbnb from $128.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Argus raised shares of Airbnb to a “strong-buy” rating in a research note on Tuesday, February 17th. Truist Financial lifted their price objective on Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a research report on Thursday, December 4th. BMO Capital Markets raised their price target on shares of Airbnb from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, February 13th. Finally, Sanford C. Bernstein decreased their price objective on Airbnb from $165.00 to $162.00 and set an “outperform” rating for the company in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average target price of $147.40.

Insider Buying and Selling

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $130.00, for a total transaction of $487,500.00. Following the completion of the sale, the chief financial officer directly owned 402,417 shares in the company, valued at $52,314,210. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $136.70, for a total transaction of $7,928,600.00. Following the completion of the transaction, the director owned 576,015 shares in the company, valued at $78,741,250.50. This represents a 9.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 363,510 shares of company stock worth $47,422,070. Corporate insiders own 27.91% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $132.59 on Tuesday. The stock has a market capitalization of $80.71 billion, a PE ratio of 32.82, a P/E/G ratio of 1.57 and a beta of 1.12. Airbnb, Inc. has a one year low of $99.88 and a one year high of $143.88. The business’s fifty day moving average price is $129.19 and its 200-day moving average price is $126.76.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.10). The company had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. Airbnb’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 earnings per share. As a group, equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Airbnb 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.