Swiss National Bank Raises Stake in Airbnb, Inc. (NASDAQ:ABNB)

Swiss National Bank grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,310,600 shares of the company’s stock after purchasing an additional 2,000 shares during the period. Swiss National Bank owned about 0.20% of Airbnb worth $166,197,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in Airbnb in the 1st quarter worth approximately $25,000. Northwest Investment Counselors LLC purchased a new stake in Airbnb in the 3rd quarter worth approximately $25,000. Hollencrest Capital Management boosted its position in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. New Millennium Group LLC purchased a new stake in Airbnb in the 2nd quarter worth approximately $28,000. Finally, Cultivar Capital Inc. purchased a new stake in Airbnb in the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 1.5 %

Shares of NASDAQ:ABNB opened at $132.50 on Monday. The business has a 50-day moving average price of $130.99 and a 200 day moving average price of $136.44. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $84.00 billion, a price-to-earnings ratio of 46.49, a PEG ratio of 1.87 and a beta of 1.15. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the previous year, the business posted $2.39 earnings per share. Sell-side analysts expect that Airbnb, Inc. will post 4.04 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ABNB shares. BMO Capital Markets reduced their target price on Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. B. Riley reduced their target price on Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Jefferies Financial Group upped their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Morgan Stanley upped their target price on Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus target price of $139.42.

Insiders Place Their Bets

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 shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the sale, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at $23,579,141.36. This represents a 0.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at $2,259,958.40. This represents a 41.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 417,806 shares of company stock worth $51,809,831 over the last three months. Company insiders own 27.83% of the company’s stock.

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.