Nordea Investment Management AB Reduces Stake in Airbnb, Inc. (NASDAQ:ABNB)

Nordea Investment Management AB cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 73.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 325,859 shares of the company’s stock after selling 897,728 shares during the quarter. Nordea Investment Management AB owned 0.05% of Airbnb worth $43,287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ABNB. Koshinski Asset Management Inc. raised its holdings in shares of Airbnb by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock worth $292,000 after purchasing an additional 85 shares during the last quarter. Edge Capital Group LLC grew its position in Airbnb by 1.2% during the 2nd quarter. Edge Capital Group LLC now owns 7,617 shares of the company’s stock worth $1,155,000 after purchasing an additional 87 shares during the period. Lazari Capital Management Inc. raised its stake in shares of Airbnb by 3.6% during the 2nd quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock valued at $382,000 after buying an additional 88 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after buying an additional 94 shares during the period. Finally, Kingsview Wealth Management LLC boosted its stake in shares of Airbnb by 2.7% in the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after buying an additional 97 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the transaction, the director now directly owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. The trade was a 95.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the sale, the chief accounting officer now owns 40,581 shares in the company, valued at $5,559,597. The trade was a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 695,361 shares of company stock worth $92,728,581. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Down 2.9 %

NASDAQ:ABNB opened at $131.29 on Wednesday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock’s fifty day moving average is $135.31 and its two-hundred day moving average is $132.96. The stock has a market capitalization of $83.23 billion, a price-to-earnings ratio of 46.07, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter last year, the business earned $2.39 earnings per share. Research analysts anticipate that Airbnb, Inc. will post 3.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Raymond James started coverage on Airbnb in a report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target for the company. Barclays increased their price target on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Susquehanna lifted their price objective on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a report on Monday, November 11th. DA Davidson increased their target price on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Finally, Benchmark reaffirmed a “buy” rating and issued a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $139.48.

Get Our Latest Analysis on Airbnb

Airbnb Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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