ING Groep NV Has $18.38 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

ING Groep NV boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 56.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 139,863 shares of the company’s stock after acquiring an additional 50,299 shares during the quarter. ING Groep NV’s holdings in Airbnb were worth $18,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of ABNB. Golden State Wealth Management LLC acquired a new stake in Airbnb during the fourth quarter worth $25,000. Hollencrest Capital Management boosted its stake in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb in the 3rd quarter valued at $30,000. Finally, Quarry LP acquired a new stake in shares of Airbnb in the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the transaction, the chief technology officer now directly owns 185,414 shares in the company, valued at approximately $25,218,158.14. The trade was a 0.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,950,540 shares of company stock worth $275,598,944. 27.83% of the stock is owned by company insiders.

Airbnb Stock Performance

Shares of ABNB stock opened at $155.31 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $98.46 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. The stock has a 50-day moving average of $135.15 and a 200-day moving average of $130.82. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. B. Riley boosted their target price on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and boosted their target price for the company from $110.00 to $153.00 in a research note on Friday, February 14th. TD Cowen boosted their target price on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays boosted their target price on shares of Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research note on Friday, February 14th. Finally, Phillip Securities restated a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average target price of $147.00.

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.