Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 35.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,780 shares of the company’s stock after buying an additional 3,861 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Airbnb were worth $2,241,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Joel Isaacson & Co. LLC boosted its stake in shares of Airbnb by 2.3% during the 1st quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock worth $493,000 after acquiring an additional 67 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in shares of Airbnb by 0.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock valued at $1,541,000 after purchasing an additional 68 shares during the period. Farrow Financial Inc. increased its stake in Airbnb by 1.0% in the 2nd quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after purchasing an additional 69 shares in the last quarter. Heritage Wealth Advisors increased its stake in Airbnb by 55.0% in the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock worth $33,000 after purchasing an additional 71 shares in the last quarter. Finally, GYL Financial Synergies LLC raised its holdings in Airbnb by 5.0% during the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock worth $241,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Jefferies Financial Group decreased their target price on shares of Airbnb from $125.00 to $120.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Susquehanna decreased their price objective on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating for the company in a research note on Wednesday, August 7th. Barclays cut their target price on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Bank of America decreased their target price on Airbnb from $160.00 to $132.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Benchmark reiterated a “buy” rating and set a $155.00 price target on shares of Airbnb in a report on Monday, August 26th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $134.17.

Airbnb Price Performance

NASDAQ ABNB opened at $122.42 on Thursday. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The stock’s 50-day moving average is $126.26 and its two-hundred day moving average is $145.03. The firm has a market cap of $78.84 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB) last issued 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). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the company posted $0.98 EPS. The business’s revenue was up 10.6% on a year-over-year basis. On average, analysts anticipate that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the sale, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Brian Chesky sold 115,385 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $149.11, for a total value of $17,205,057.35. Following the sale, the chief executive officer now directly owns 13,798,917 shares of the company’s stock, valued at $2,057,556,513.87. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the transaction, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. The disclosure for this sale can be found here. Insiders have sold a total of 449,332 shares of company stock valued at $67,263,009 over the last 90 days. 27.83% of the stock is currently owned by company insiders.

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.