33,526 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. acquired a new position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 33,526 shares of the company's stock, valued at approximately $4,406,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of Airbnb in the 4th quarter worth $25,000. Hollencrest Capital Management grew its holdings in shares of 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 acquiring an additional 200 shares during the last quarter. Berbice Capital Management LLC acquired a new position in shares of Airbnb in the 4th quarter worth $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Airbnb in the 3rd quarter worth $30,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Airbnb in the 4th quarter worth $44,000. Institutional investors own 80.76% of the company's stock.

Insider Activity at Airbnb

In other news, CEO Brian Chesky sold 38,461 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.49, for a total value of $5,288,002.89. Following the sale, the chief executive officer now directly owns 12,577,839 shares in the company, valued at approximately $1,729,327,084.11. This represents a 0.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO David C. Bernstein sold 1,000 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the sale, the chief accounting officer now owns 40,581 shares in the company, valued at approximately $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,093,970 shares of company stock worth $296,365,992 over the last three months. Company insiders own 27.83% of the company's stock.

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Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on Airbnb from $100.00 to $96.00 and set an "underweight" rating on the stock in a report on Thursday, January 16th. Hsbc Global Res upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Evercore ISI lifted their price target on Airbnb to $155.00 and gave the company a "hold" rating in a report on Wednesday, January 15th. Wedbush reiterated an "outperform" rating and set a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. Finally, DA Davidson lifted their price objective on Airbnb from $131.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $146.48.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded down $0.38 during trading hours on Friday, hitting $134.39. 5,616,596 shares of the company's stock were exchanged, compared to its average volume of 4,386,382. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $84.74 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 3.52 and a beta of 1.10. The company's 50-day moving average price is $136.94 and its 200-day moving average price is $132.66.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, sell-side analysts expect 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.