Banco Bilbao Vizcaya Argentaria S.A. Purchases 9,543 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 24.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,658 shares of the company’s stock after buying an additional 9,543 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Airbnb were worth $6,435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb during the fourth quarter valued at about $26,000. Graney & King LLC purchased a new stake in Airbnb during the fourth quarter valued at about $32,000. Whipplewood Advisors LLC purchased a new position in shares of Airbnb in the fourth quarter worth about $44,000. Finally, Cromwell Holdings LLC lifted its stake in shares of Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after acquiring an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

NASDAQ ABNB opened at $122.51 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $165.50. The stock has a market cap of $77.25 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 3.52 and a beta of 1.15. The company’s 50 day moving average is $125.67 and its two-hundred day moving average is $131.93.

Airbnb (NASDAQ:ABNB) last issued its 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%. As a group, research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $112.59, for a total transaction of $78,813.00. Following the completion of the transaction, the chief technology officer now directly owns 222,122 shares in the company, valued at approximately $25,008,715.98. This represents a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $129.87, for a total transaction of $4,994,930.07. Following the completion of the sale, the chief executive officer now owns 12,421,986 shares in the company, valued at $1,613,243,321.82. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,213,131 shares of company stock worth $300,179,370 in the last three months. 27.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ABNB. Phillip Securities upgraded shares of Airbnb from a “moderate sell” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company lowered their price objective on shares of Airbnb from $134.00 to $100.00 and set an “underweight” rating for the company in a research note on Monday, April 7th. Benchmark increased their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Susquehanna boosted their price target on Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a report on Tuesday, February 18th. Finally, Robert W. Baird reduced their target price on Airbnb from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $146.94.

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.