Temasek Holdings Private Ltd Has $292.02 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Temasek Holdings Private Ltd decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,222,194 shares of the company's stock after selling 101,957 shares during the period. Airbnb accounts for 1.2% of Temasek Holdings Private Ltd's holdings, making the stock its 19th biggest position. Temasek Holdings Private Ltd owned 0.35% of Airbnb worth $292,019,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ABNB. Norges Bank acquired a new stake in Airbnb in the 4th quarter worth about $433,374,000. Clearbridge Investments LLC grew its position in shares of Airbnb by 147.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock worth $571,505,000 after buying an additional 2,590,475 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Airbnb by 174.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock valued at $245,268,000 after purchasing an additional 1,185,892 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Airbnb by 52.1% in the fourth quarter. AQR Capital Management LLC now owns 2,365,847 shares of the company's stock valued at $310,896,000 after purchasing an additional 809,964 shares in the last quarter. Finally, Parnassus Investments LLC lifted its holdings in shares of Airbnb by 8,324.9% in the 4th quarter. Parnassus Investments LLC now owns 655,539 shares of the company's stock valued at $86,144,000 after purchasing an additional 647,758 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of research analyst reports. Cantor Fitzgerald reiterated an "underweight" rating and set a $100.00 target price on shares of Airbnb in a research report on Wednesday, May 14th. Needham & Company LLC restated a "hold" rating on shares of Airbnb in a report on Wednesday, May 14th. Robert W. Baird cut their price target on Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Evercore ISI cut their price objective on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Finally, Susquehanna decreased their price target 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 investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Airbnb currently has an average rating of "Hold" and a consensus price target of $141.43.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $145.01, for a total transaction of $101,507.00. Following the sale, the chief technology officer now owns 173,519 shares of the company's stock, valued at approximately $25,161,990.19. The trade was a 0.40% decrease in their position. The transaction was disclosed in a filing 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 transaction of $423,939.84. Following the sale, the insider now owns 159,337 shares in the company, valued at $24,907,559.84. This represents a 1.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,417,246 shares of company stock valued at $176,403,797. Company insiders own 27.91% of the company's stock.

Airbnb Trading Down 3.5%

NASDAQ:ABNB traded down $4.61 during midday trading on Wednesday, reaching $127.52. 6,685,953 shares of the stock traded hands, compared to its average volume of 4,894,881. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The stock has a market capitalization of $79.88 billion, a P/E ratio of 30.88, a PEG ratio of 3.52 and a beta of 1.14. The company has a fifty day moving average of $122.28 and a 200 day moving average of $131.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share 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 the consensus estimate of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Airbnb's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. On average, research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

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.