Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 822,486 shares of the company’s stock after purchasing an additional 50,170 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.13% of Airbnb worth $111,620,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingsview Wealth Management LLC raised its stake in Airbnb by 2.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after acquiring an additional 97 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Airbnb during the third quarter worth approximately $67,000. Private Trust Co. NA lifted its holdings in shares of Airbnb by 9.9% during the third quarter. Private Trust Co. NA now owns 1,121 shares of the company’s stock worth $142,000 after purchasing an additional 101 shares during the period. D.A. Davidson & CO. grew its position in Airbnb by 2.1% in the 3rd quarter. D.A. Davidson & CO. now owns 31,575 shares of the company’s stock valued at $4,004,000 after buying an additional 650 shares during the last quarter. Finally, Quantbot Technologies LP increased its stake in Airbnb by 183.4% in the 3rd quarter. Quantbot Technologies LP now owns 27,777 shares of the company’s stock valued at $3,522,000 after buying an additional 17,975 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $129.55, for a total value of $90,685.00. Following the completion of the sale, the chief technology officer now owns 170,719 shares of the company’s stock, valued at $22,116,646.45. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the transaction, the chief executive officer now directly owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,270,894 shares of company stock worth $317,578,168 in the last ninety days. Insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Friday, February 14th. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $110.00 to $153.00 in a report on Friday, February 14th. Tigress Financial increased their target price on Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target on the stock in a research note on Friday, February 14th. Finally, Truist Financial cut their price objective on Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $147.36.

Airbnb Trading Down 2.3 %

NASDAQ ABNB opened at $125.65 on Friday. The company has a market cap of $79.23 billion, a P/E ratio of 30.42, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $167.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a 50-day moving average of $135.58 and a 200-day moving average of $133.55.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping 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%. As a group, equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.