1,899 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,899 shares of the company's stock, valued at approximately $227,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MJP Associates Inc. ADV raised its holdings in shares of Airbnb by 1.8% during the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock valued at $490,000 after acquiring an additional 67 shares during the period. Ellevest Inc. raised its holdings in shares of Airbnb by 3.1% during the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company's stock valued at $349,000 after acquiring an additional 80 shares during the period. Koshinski Asset Management Inc. increased its stake in Airbnb by 4.4% in the 1st quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company's stock valued at $237,000 after buying an additional 83 shares during the period. TD Waterhouse Canada Inc. increased its stake in Airbnb by 7.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,337 shares of the company's stock valued at $176,000 after buying an additional 90 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in Airbnb by 3.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,490 shares of the company's stock valued at $327,000 after buying an additional 91 shares during the period. Institutional investors own 80.76% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Benchmark dropped their price objective on shares of Airbnb from $178.00 to $155.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Phillip Securities lowered shares of Airbnb from a "hold" rating to a "moderate sell" rating in a research note on Friday, May 9th. BTIG Research reiterated a "neutral" rating on shares of Airbnb in a research note on Wednesday, May 28th. Needham & Company LLC reiterated a "hold" rating on shares of Airbnb in a research note on Wednesday, May 14th. Finally, Piper Sandler dropped their price target on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Five investment 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. Based on data from MarketBeat.com, Airbnb has a consensus rating of "Hold" and a consensus target price of $141.47.

Airbnb Stock Performance

Shares of ABNB stock traded down $1.65 during mid-day trading on Friday, reaching $135.35. The company's stock had a trading volume of 3,053,829 shares, compared to its average volume of 5,038,979. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The company has a market cap of $84.78 billion, a P/E ratio of 34.18, a PEG ratio of 2.53 and a beta of 1.13. The firm's 50-day moving average is $133.00 and its two-hundred day moving average is $130.60.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS. Sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $136.40, for a total value of $32,190,400.00. Following the completion of the sale, the director owned 708,015 shares in the company, valued at approximately $96,573,246. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $136.27, for a total transaction of $81,762.00. Following the completion of the sale, the chief technology officer owned 211,577 shares of the company's stock, valued at $28,831,597.79. The trade was a 0.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,629,143 shares of company stock worth $210,676,703 in the last quarter. 27.91% of the stock is owned by corporate insiders.

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.