Nomura Asset Management Co. Ltd. Reduces Position in Airbnb, Inc. (NASDAQ:ABNB)

Nomura Asset Management Co. Ltd. trimmed its position in Airbnb, Inc. (NASDAQ:ABNB) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,851 shares of the company’s stock after selling 15,914 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Airbnb were worth $18,903,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ABNB. Golden State Wealth Management LLC acquired a new position in Airbnb in the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb in the 4th quarter valued at $26,000. Graney & King LLC purchased a new position in shares of Airbnb in the 4th quarter valued at $32,000. Whipplewood Advisors LLC acquired a new stake in Airbnb during the 4th quarter worth $44,000. Finally, Cromwell Holdings LLC lifted its position in Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after acquiring an additional 170 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $129.38, for a total transaction of $27,724,193.30. Following the completion of the sale, the director now owns 2,509,155 shares in the company, valued at approximately $324,634,473.90. This trade represents a 7.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the sale, the chief executive officer now directly owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,270,894 shares of company stock valued at $317,578,168 over the last three months. 27.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on ABNB shares. Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. Wells Fargo & Company decreased their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. DA Davidson lifted their target price on shares of Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, Susquehanna increased their price target on shares of Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Tuesday, February 18th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $147.36.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $120.69 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $135.29 and its 200 day moving average price is $133.71. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $166.74. The stock has a market cap of $76.10 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating 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, research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.