Mitsubishi UFJ Asset Management Co. Ltd. Buys 19,093 Shares of Airbnb, Inc. $ABNB

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,001,731 shares of the company’s stock after buying an additional 19,093 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Airbnb worth $133,240,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in shares of Airbnb in the third quarter worth about $25,000. ORG Partners LLC grew its position in shares of Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares in the last quarter. Sunbelt Securities Inc. raised its stake in Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the period. Wiser Advisor Group LLC bought a new stake in Airbnb during the 3rd quarter valued at approximately $27,000. Finally, Aventura Private Wealth LLC bought a new stake in Airbnb during the 4th quarter valued at approximately $29,000. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

ABNB has been the topic of several recent analyst reports. HC Wainwright raised Airbnb to a “buy” rating in a research note on Monday. TD Cowen lifted their target price on Airbnb from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Argus raised Airbnb to a “strong-buy” rating in a research note on Tuesday, February 17th. DA Davidson dropped their target price on shares of Airbnb from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Finally, B. Riley Financial raised shares of Airbnb from a “neutral” rating to a “buy” rating and raised their target price for the company from $140.00 to $170.00 in a research note on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $153.00.

Check Out Our Latest Stock Report on Airbnb

Airbnb Price Performance

NASDAQ ABNB opened at $139.88 on Thursday. The stock has a market capitalization of $85.15 billion, a PE ratio of 34.62, a P/E/G ratio of 1.70 and a beta of 1.20. The business has a 50 day simple moving average of $133.12 and a two-hundred day simple moving average of $129.19. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $147.25.

Airbnb (NASDAQ:ABNBGet Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.10). The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. On average, analysts anticipate that Airbnb, Inc. will post 4.95 EPS for the current fiscal year.

Trending Headlines about Airbnb

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Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 24,788 shares of Airbnb stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $145.86, for a total value of $3,615,577.68. Following the completion of the transaction, the insider owned 11,920 shares in the company, valued at approximately $1,738,651.20. The trade was a 67.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $126.16, for a total value of $7,317,280.00. Following the completion of the transaction, the director owned 170,015 shares of the company’s stock, valued at approximately $21,449,092.40. This trade represents a 25.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 457,075 shares of company stock valued at $60,358,795 in the last 90 days. 27.21% of the stock is currently owned by company insiders.

About Airbnb

(Free Report)

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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