Airbnb, Inc. (NASDAQ:ABNB) Holdings Raised by Banque Pictet & Cie SA

Banque Pictet & Cie SA boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 13.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,149 shares of the company’s stock after purchasing an additional 15,965 shares during the quarter. Banque Pictet & Cie SA’s holdings in Airbnb were worth $18,023,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Verde Capital Management grew its position in shares of Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after buying an additional 4,269 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Airbnb during the 3rd quarter valued at approximately $34,982,000. Tri Ri Asset Management Corp bought a new position in Airbnb during the 3rd quarter worth $6,352,000. J.W. Cole Advisors Inc. increased its position in Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after buying an additional 2,132 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Airbnb by 40.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after acquiring an additional 197,558 shares during the period. Institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the sale, the director now directly owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the transaction, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at $5,559,597. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,417,704 shares of company stock valued at $187,654,829. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Up 0.4 %

ABNB opened at $141.04 on Friday. The business has a 50-day moving average of $133.00 and a 200-day moving average of $130.02. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a market capitalization of $89.42 billion, a PE ratio of 49.49, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. Equities research analysts forecast that Airbnb, Inc. will post 3.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on ABNB shares. JPMorgan Chase & Co. upped their target price on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Bank of America raised their price target on Airbnb to $151.00 and gave the company a “hold” rating in a report on Thursday. Truist Financial decreased their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Evercore ISI increased their price objective on shares of Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. Finally, Susquehanna upped their target price on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Monday, November 11th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average target price of $139.38.

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.