Ilmarinen Mutual Pension Insurance Co Acquires 20,000 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Ilmarinen Mutual Pension Insurance Co lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 25.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 100,000 shares of the company’s stock after buying an additional 20,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Airbnb were worth $13,141,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CAP Partners LLC lifted its stake in shares of Airbnb by 3.6% in the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after buying an additional 77 shares during the last quarter. Lindbrook Capital LLC grew its position in Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after purchasing an additional 78 shares during the last quarter. Manchester Capital Management LLC increased its holdings in shares of Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after purchasing an additional 81 shares during the period. Salvus Wealth Management LLC raised its position in shares of Airbnb by 2.5% during the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after buying an additional 84 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its position in Airbnb by 2.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company’s stock worth $565,000 after buying an additional 95 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on ABNB shares. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Robert W. Baird decreased their price target on Airbnb from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Jefferies Financial Group raised shares of Airbnb from a “hold” rating to a “buy” rating and upped their target price for the stock from $165.00 to $185.00 in a report on Monday, March 10th. Finally, Canaccord Genuity Group lifted their price target on shares of Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $147.28.

Airbnb Trading Down 6.4 %

NASDAQ ABNB opened at $106.66 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $133.75 and a 200 day simple moving average of $133.58. Airbnb, Inc. has a 12 month low of $104.73 and a 12 month high of $166.74. The firm has a market capitalization of $67.25 billion, a P/E ratio of 25.83, a PEG ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Nathan Blecharczyk sold 183,078 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $119.67, for a total transaction of $83,769.00. Following the sale, the chief technology officer now directly owns 170,019 shares in the company, valued at $20,346,173.73. This trade represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,290,053 shares of company stock worth $319,656,539 over the last quarter. 27.83% of the stock is currently owned by company insiders.

About Airbnb

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.