Tokio Marine Asset Management Co. Ltd. Boosts Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,809 shares of the company’s stock after buying an additional 400 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Airbnb were worth $1,624,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. boosted its holdings in Airbnb by 19.9% in the first quarter. Avantax Advisory Services Inc. now owns 4,416 shares of the company’s stock valued at $728,000 after purchasing an additional 732 shares during the period. Koshinski Asset Management Inc. purchased a new position in shares of Airbnb in the 1st quarter valued at about $235,000. SageView Advisory Group LLC grew its position in shares of Airbnb by 6.2% during the first quarter. SageView Advisory Group LLC now owns 2,995 shares of the company’s stock worth $494,000 after buying an additional 175 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Airbnb by 6.4% during the first quarter. Orion Portfolio Solutions LLC now owns 41,323 shares of the company’s stock worth $6,817,000 after buying an additional 2,470 shares during the period. Finally, Dorsey & Whitney Trust CO LLC increased its stake in shares of Airbnb by 30.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,959 shares of the company’s stock worth $323,000 after buying an additional 454 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $136.11, for a total value of $81,666.00. Following the sale, the chief technology officer now owns 192,844 shares in the company, valued at $26,247,996.84. This represents a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joseph Gebbia sold 11,635 shares of Airbnb stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. This represents a 41.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 417,806 shares of company stock valued at $51,809,831. 27.83% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several analyst reports. TD Cowen boosted their price target on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. B. Riley dropped their target price on Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Raymond James began coverage on Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Wednesday, August 7th. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $139.31.

Airbnb Trading Up 1.4 %

NASDAQ ABNB opened at $134.56 on Friday. 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 has a market capitalization of $86.34 billion, a P/E ratio of 47.21, a P/E/G ratio of 1.88 and a beta of 1.15. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The firm has a 50-day moving average price of $130.62 and a 200 day moving average price of $136.94.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the company posted $2.39 earnings per share. Equities research analysts expect that Airbnb, Inc. will post 4.04 EPS for the current 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.