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

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 822,486 shares of the company’s stock after acquiring an additional 50,170 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Airbnb were worth $111,620,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Airbnb by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after acquiring an additional 146,761 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Airbnb by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company’s stock worth $366,719,000 after purchasing an additional 84,348 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Airbnb by 3.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock valued at $299,272,000 after purchasing an additional 80,610 shares during the period. Temasek Holdings Private Ltd grew its stake in Airbnb by 91.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after buying an additional 1,109,076 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Airbnb by 174.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock worth $245,268,000 after buying an additional 1,185,892 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Trading Down 2.3 %

NASDAQ ABNB opened at $125.65 on Friday. The firm’s 50 day moving average price is $135.58 and its two-hundred day moving average price is $133.55. The stock has a market cap of $79.23 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $167.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results 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 analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ABNB shares. UBS Group boosted their price target on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Benchmark upped their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Canaccord Genuity Group lifted their price target on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 14th. Baird R W raised Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, Wells Fargo & Company reduced their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $147.36.

Insider Transactions at Airbnb

In related news, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction on Friday, February 14th. The stock was 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $135.94, for a total value of $29,129,902.90. Following the completion of the transaction, the director now owns 1,285,715 shares in the company, valued at $174,780,097.10. This trade represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,270,894 shares of company stock valued at $317,578,168 over the last three months. 27.83% of the stock is owned by corporate insiders.

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.