Natixis Advisors L.P. lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB – Get Rating) by 7.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,595 shares of the company’s stock after buying an additional 5,671 shares during the period. Natixis Advisors L.P.’s holdings in Airbnb were worth $6,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Independent Advisor Alliance increased its holdings in shares of Airbnb by 16.4% during the 3rd quarter. Independent Advisor Alliance now owns 7,905 shares of the company’s stock worth $830,000 after buying an additional 1,113 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Airbnb by 4.4% during the 3rd quarter. Bessemer Group Inc. now owns 188,087 shares of the company’s stock worth $19,756,000 after buying an additional 7,905 shares during the last quarter. Xponance Inc. increased its holdings in Airbnb by 9.1% in the 4th quarter. Xponance Inc. now owns 50,808 shares of the company’s stock valued at $4,344,000 after purchasing an additional 4,246 shares during the last quarter. Whittier Trust Co. increased its holdings in Airbnb by 3.9% in the 3rd quarter. Whittier Trust Co. now owns 115,906 shares of the company’s stock valued at $12,174,000 after purchasing an additional 4,335 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Airbnb by 52.0% in the 3rd quarter. Signaturefd LLC now owns 4,477 shares of the company’s stock valued at $470,000 after purchasing an additional 1,532 shares during the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.
Insider Buying and Selling at Airbnb
In other Airbnb news, Director Jeffrey D. Jordan sold 12,000 shares of Airbnb stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $120.00, for a total value of $1,440,000.00. Following the transaction, the director now directly owns 267,646 shares in the company, valued at $32,117,520. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO David C. Bernstein sold 12,382 shares of the business’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $140.00, for a total transaction of $1,733,480.00. Following the transaction, the chief accounting officer now directly owns 50,171 shares in the company, valued at $7,023,940. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey D. Jordan sold 12,000 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $120.00, for a total transaction of $1,440,000.00. Following the transaction, the director now owns 267,646 shares in the company, valued at $32,117,520. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,758,785 shares of company stock worth $338,749,521. 32.69% of the stock is owned by company insiders.
Airbnb Price Performance
Airbnb (NASDAQ:ABNB – Get Rating) last posted its quarterly earnings data on Tuesday, February 14th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.21. The company 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%. Airbnb’s quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 earnings per share. As a group, sell-side analysts predict that Airbnb, Inc. will post 3.38 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
ABNB has been the subject of several research reports. KeyCorp lifted their target price on shares of Airbnb from $142.00 to $144.00 and gave the company an “overweight” rating in a report on Wednesday, February 15th. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a report on Tuesday, February 28th. Mizuho lifted their target price on shares of Airbnb from $110.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, February 15th. TheStreet upgraded shares of Airbnb from a “d+” rating to a “c” rating in a report on Wednesday, February 15th. Finally, Canaccord Genuity Group raised their price target on shares of Airbnb from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, February 15th. Three 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. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $141.27.
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 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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