Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 3.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,207 shares of the company’s stock after acquiring an additional 3,307 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Airbnb were worth $13,830,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Airbnb in the first quarter valued at approximately $7,628,000. Rafferty Asset Management LLC boosted its holdings in shares of Airbnb by 18.4% in the fourth quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock valued at $19,720,000 after acquiring an additional 22,551 shares during the period. SteelPeak Wealth LLC boosted its holdings in shares of Airbnb by 17.2% in the first quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company’s stock valued at $1,107,000 after acquiring an additional 985 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Airbnb by 20.6% in the first quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock valued at $80,644,000 after acquiring an additional 83,383 shares during the period. Finally, State of Tennessee Treasury Department boosted its holdings in shares of Airbnb by 35.8% in the fourth quarter. State of Tennessee Treasury Department now owns 143,254 shares of the company’s stock valued at $19,503,000 after acquiring an additional 37,785 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Trading Up 1.9 %

Airbnb stock opened at $131.18 on Friday. The stock has a market cap of $84.49 billion, a PE ratio of 17.56, a P/E/G ratio of 1.54 and a beta of 1.16. The stock has a 50-day moving average price of $125.60 and a 200 day moving average price of $144.73. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 EPS. Equities research analysts predict that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 230,769 shares of Airbnb stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the completion of the sale, the chief executive officer now owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the sale, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $152.92, for a total value of $91,752.00. Following the completion of the sale, the chief technology officer now directly owns 208,174 shares in the company, valued at $31,833,968.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 685,451 shares of company stock worth $95,552,289. 27.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ABNB shares. B. Riley decreased their price objective on Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. Morgan Stanley increased their price target on Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Wedbush decreased their price target on Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus price target of $134.17.

Airbnb Company 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.