Bank Julius Baer & Co. Ltd Zurich Acquires New Position in Airbnb, Inc. (NASDAQ:ABNB)

Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 544 shares of the company’s stock, valued at approximately $79,000.

Several other large investors have also bought and sold shares of ABNB. Pacer Advisors Inc. increased its position in shares of Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after acquiring an additional 4,172,985 shares in the last quarter. Meritage Group LP purchased a new stake in Airbnb during the 3rd quarter valued at $160,985,000. Principal Financial Group Inc. increased 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 worth $245,268,000 after purchasing an additional 1,185,892 shares in the last quarter. Edgewood Management LLC raised its stake in shares of Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after purchasing an additional 1,143,464 shares during the last quarter. Finally, Temasek Holdings Private Ltd lifted its holdings in shares of Airbnb by 91.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after purchasing an additional 1,109,076 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ABNB. Jefferies Financial Group upgraded Airbnb from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $165.00 to $185.00 in a report on Monday. UBS Group lifted their price target on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Barclays increased their price objective on shares of Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research report on Friday, February 14th. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $148.00.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the completion of the transaction, the chief executive officer now directly owns 12,537,369 shares of the company’s stock, valued at $1,674,741,751.02. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $135.35, for a total transaction of $94,745.00. Following the completion of the sale, the chief technology officer now directly owns 184,714 shares in the company, valued at approximately $25,001,039.90. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,054,509 shares of company stock valued at $290,940,989 over the last ninety days. 27.83% of the stock is owned by insiders.

Airbnb Trading Down 5.1 %

ABNB stock opened at $125.44 on Wednesday. The firm has a fifty day moving average price of $136.82 and a 200 day moving average price of $132.94. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market cap of $79.09 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. 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) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Airbnb Company 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.