Airbnb, Inc. $ABNB Shares Bought by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd lifted its position in Airbnb, Inc. (NASDAQ:ABNB) by 3.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,302,511 shares of the company’s stock after buying an additional 80,317 shares during the period. Airbnb makes up 1.2% of Temasek Holdings Private Ltd’s holdings, making the stock its 18th largest position. Temasek Holdings Private Ltd owned about 0.37% of Airbnb worth $304,714,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. National Bank of Canada FI boosted its position in shares of Airbnb by 69.3% during the 1st quarter. National Bank of Canada FI now owns 397,801 shares of the company’s stock valued at $47,521,000 after purchasing an additional 162,784 shares in the last quarter. Founders Financial Alliance LLC acquired a new position in Airbnb in the first quarter worth approximately $218,000. Frank Rimerman Advisors LLC increased its holdings in shares of Airbnb by 5.1% in the first quarter. Frank Rimerman Advisors LLC now owns 4,471 shares of the company’s stock valued at $534,000 after buying an additional 215 shares in the last quarter. Fiduciary Family Office LLC acquired a new stake in shares of Airbnb during the 1st quarter valued at $203,000. Finally, Virtu Financial LLC acquired a new stake in Airbnb during the 1st quarter worth about $6,181,000. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Jefferies Financial Group raised their price objective on shares of Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday. Mizuho set a $156.00 target price on Airbnb in a research report on Friday, November 7th. UBS Group boosted their price target on Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Finally, Wedbush reiterated a “neutral” rating and issued a $130.00 price objective on shares of Airbnb in a research report on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and an average price target of $143.88.

Airbnb Price Performance

Shares of ABNB stock opened at $124.32 on Monday. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The stock has a 50-day moving average of $121.53 and a 200-day moving average of $127.45. The stock has a market cap of $76.53 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 2.19 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the firm posted $2.13 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 77,527 shares of the company’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $120.52, for a total value of $9,343,554.04. Following the completion of the transaction, the insider directly owned 53,298 shares of the company’s stock, valued at approximately $6,423,474.96. This represents a 59.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elinor Mertz sold 7,500 shares of the company’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $130.00, for a total value of $975,000.00. Following the transaction, the chief financial officer directly owned 436,570 shares of the company’s stock, valued at $56,754,100. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,575,867 shares of company stock valued at $190,875,764. 27.83% of the stock is owned by 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.