Zurcher Kantonalbank Zurich Cantonalbank Acquires 4,292 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,777 shares of the company’s stock after acquiring an additional 4,292 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Airbnb were worth $12,323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Sigma Planning Corp increased its position in Airbnb by 3.2% in the 3rd quarter. Sigma Planning Corp now owns 7,194 shares of the company’s stock valued at $912,000 after buying an additional 221 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Airbnb in the 3rd quarter valued at about $30,000. Apollon Wealth Management LLC increased its position in Airbnb by 3.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 8,705 shares of the company’s stock valued at $1,104,000 after buying an additional 328 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in Airbnb by 72.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,401 shares of the company’s stock valued at $3,228,000 after buying an additional 10,648 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Airbnb by 40.7% in the 3rd quarter. Victory Capital Management Inc. now owns 716,230 shares of the company’s stock valued at $90,825,000 after buying an additional 207,062 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Transactions at Airbnb

In related news, insider Nathan Blecharczyk sold 2,712 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $156.32, for a total value of $423,939.84. Following the completion of the transaction, the insider now directly owns 159,337 shares in the company, valued at approximately $24,907,559.84. The trade was a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $140.10, for a total transaction of $98,070.00. Following the completion of the transaction, the chief technology officer now owns 172,819 shares of the company’s stock, valued at $24,211,941.90. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,054,509 shares of company stock valued at $290,940,989. 27.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ABNB has been the subject of a number of analyst reports. UBS Group lifted their price target on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Truist Financial cut their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. B. Riley lifted their price target on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Finally, Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $148.00.

Airbnb Trading Up 0.9 %

Airbnb stock opened at $126.55 on Thursday. The stock has a market cap of $79.79 billion, a P/E ratio of 30.64, a PEG ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm’s fifty day moving average price is $136.73 and its 200-day moving average price is $132.89. 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 released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.