Swiss National Bank Grows Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Swiss National Bank increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.2% in the third quarter, HoldingsChannel.com reports. The firm owned 1,310,600 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Swiss National Bank’s holdings in Airbnb were worth $166,197,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its position in shares of Airbnb by 61.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,812 shares of the company’s stock worth $5,743,000 after acquiring an additional 13,255 shares in the last quarter. Seven Eight Capital LP acquired a new stake in Airbnb during the first quarter worth approximately $696,000. UniSuper Management Pty Ltd lifted its position in shares of Airbnb by 220.5% during the 1st quarter. UniSuper Management Pty Ltd now owns 11,447 shares of the company’s stock worth $1,888,000 after buying an additional 7,875 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Airbnb in the 1st quarter valued at $41,240,000. Finally, Ossiam grew its position in shares of Airbnb by 570.5% in the 1st quarter. Ossiam now owns 57,803 shares of the company’s stock valued at $9,535,000 after buying an additional 49,182 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $132.50 on Monday. The business’s 50 day simple moving average is $130.99 and its 200-day simple moving average is $136.44. The firm has a market capitalization of $84.00 billion, a price-to-earnings ratio of 46.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. 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, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period last year, the firm earned $2.39 EPS. As a group, equities analysts forecast that Airbnb, Inc. will post 4.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several research analyst reports. Truist Financial decreased their price objective on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Wells Fargo & Company lifted their target price on Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Phillip Securities reiterated a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research report on Tuesday, November 12th. Finally, Mizuho cut their target price on Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, September 13th. Six equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $139.42.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. This represents a 0.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 230,769 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of the sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. The trade was a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 417,806 shares of company stock valued at $51,809,831 in the last quarter. 27.83% of the stock is currently 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.