National Bank of Canada FI boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB – Get Rating) by 187.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 224,354 shares of the company’s stock after purchasing an additional 146,275 shares during the period. National Bank of Canada FI’s holdings in Airbnb were worth $19,190,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. American National Bank grew its holdings in Airbnb by 886.7% during the 4th quarter. American National Bank now owns 296 shares of the company’s stock valued at $25,000 after purchasing an additional 266 shares during the last quarter. Mine & Arao Wealth Creation & Management LLC. boosted its position in Airbnb by 65.8% in the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 378 shares of the company’s stock valued at $33,000 after buying an additional 150 shares during the period. RFP Financial Group LLC purchased a new stake in Airbnb in the 4th quarter valued at about $34,000. TCI Wealth Advisors Inc. boosted its position in Airbnb by 96.2% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 357 shares of the company’s stock valued at $37,000 after buying an additional 175 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in Airbnb by 144.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 432 shares of the company’s stock valued at $38,000 after buying an additional 255 shares during the period. 39.02% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have issued reports on ABNB. Loop Capital boosted their price objective on shares of Airbnb from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 16th. Cowen boosted their price objective on shares of Airbnb from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, February 15th. HSBC upped their price target on shares of Airbnb from $158.00 to $163.00 in a research report on Thursday, February 16th. Susquehanna upped their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock a “positive” rating in a research report on Wednesday, February 15th. Finally, UBS Group upped their price target on shares of Airbnb from $114.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 15th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Airbnb presently has an average rating of “Hold” and an average target price of $141.27.
Airbnb Stock Up 1.7 %
Airbnb (NASDAQ:ABNB – Get Rating) last released its quarterly earnings data on Tuesday, February 14th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.21. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.86 billion. Airbnb had a net margin of 22.54% and a return on equity of 35.92%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 earnings per share. As a group, equities research analysts anticipate that Airbnb, Inc. will post 3.38 EPS for the current year.
Insider Transactions at Airbnb
In related news, Director Joseph Gebbia sold 1,250,000 shares of the firm’s stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $124.06, for a total transaction of $155,075,000.00. Following the sale, the director now owns 8,250,102 shares in the company, valued at $1,023,507,654.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Joseph Gebbia sold 1,250,000 shares of the firm’s stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $124.06, for a total transaction of $155,075,000.00. Following the sale, the director now owns 8,250,102 shares in the company, valued at $1,023,507,654.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Dave Stephenson sold 16,868 shares of the firm’s stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $128.21, for a total transaction of $2,162,646.28. Following the sale, the chief financial officer now owns 134,950 shares in the company, valued at approximately $17,301,939.50. The disclosure for this sale can be found here. Insiders have sold 2,056,035 shares of company stock worth $256,099,788 over the last 90 days. 32.69% 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 model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.
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