Nissay Asset Management Corp Japan ADV Purchases 4,834 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Nissay Asset Management Corp Japan ADV lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,427 shares of the company's stock after purchasing an additional 4,834 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Airbnb were worth $12,862,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Airbnb in the 4th quarter worth approximately $25,000. Berbice Capital Management LLC bought a new position in shares of Airbnb in the 4th quarter worth approximately $26,000. Graney & King LLC bought a new position in shares of Airbnb in the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC bought a new position in shares of Airbnb in the 4th quarter worth approximately $44,000. Finally, Cromwell Holdings LLC lifted its stake in shares of Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock worth $49,000 after purchasing an additional 170 shares during the period. Institutional investors own 80.76% of the company's stock.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $108.76, for a total transaction of $23,305,636.60. Following the completion of the sale, the director now directly owns 2,294,870 shares in the company, valued at approximately $249,590,061.20. This trade represents a 8.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 2,712 shares of Airbnb stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $156.32, for a total value of $423,939.84. Following the sale, the insider now owns 159,337 shares of the company's stock, valued at approximately $24,907,559.84. This trade represents a 1.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,533,331 shares of company stock valued at $195,015,055 over the last three months. 27.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ABNB shares. Evercore ISI reduced their target price on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Piper Sandler reduced their target price on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Gordon Haskett raised shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 target price for the company in a report on Friday, February 14th. JPMorgan Chase & Co. reduced their target price on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Susquehanna reduced their target price on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating for the company in a report on Monday, May 5th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Airbnb has a consensus rating of "Hold" and a consensus target price of $141.43.

Airbnb Price Performance

Shares of ABNB stock traded up $1.21 on Friday, reaching $138.00. The company's stock had a trading volume of 3,673,218 shares, compared to its average volume of 4,874,511. 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 stock's fifty day simple moving average is $121.83 and its 200-day simple moving average is $131.23. The company has a market capitalization of $87.01 billion, a price-to-earnings ratio of 33.41, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. Analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.