Meiji Yasuda Asset Management Co Ltd. Has $1.27 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 20.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,676 shares of the company’s stock after acquiring an additional 1,630 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Airbnb were worth $1,272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation N.A. lifted its holdings in shares of Airbnb by 10,419.6% during the 4th quarter. Zions Bancorporation N.A. now owns 19,882 shares of the company’s stock worth $2,613,000 after acquiring an additional 19,693 shares during the period. Corebridge Financial Inc. lifted its stake in Airbnb by 2.7% during the fourth quarter. Corebridge Financial Inc. now owns 151,858 shares of the company’s stock worth $19,956,000 after purchasing an additional 4,016 shares during the last quarter. Congress Wealth Management LLC DE acquired a new stake in shares of Airbnb in the 4th quarter valued at $416,000. LPL Financial LLC increased its stake in shares of Airbnb by 19.0% in the 4th quarter. LPL Financial LLC now owns 267,517 shares of the company’s stock valued at $35,226,000 after purchasing an additional 42,725 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Airbnb during the 4th quarter worth $25,204,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total transaction of $88,200.00. Following the transaction, the chief technology officer now directly owns 171,419 shares of the company’s stock, valued at $21,598,794. This represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction on Friday, February 14th. The shares were 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 of the company’s stock, valued at approximately $26,046,300. The trade was a 52.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,055,909 shares of company stock valued at $289,763,290. 27.83% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a research report on Friday, February 14th. UBS Group lifted 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. Evercore ISI increased their price objective on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $110.00 to $153.00 in a research note on Friday, February 14th. Finally, HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. 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 issued a strong buy rating to the company. According to MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $147.36.

Airbnb Stock Down 1.0 %

Airbnb stock opened at $128.64 on Thursday. The company has a market capitalization of $81.11 billion, a PE ratio of 31.15, a PEG ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $169.11. The firm’s fifty day moving average is $135.71 and its 200 day moving average is $133.60. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

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 net margin of 23.85% and a return on equity of 32.29%. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS 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.