Cibc World Markets Corp Has $10.28 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Cibc World Markets Corp grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 12.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,244 shares of the company's stock after acquiring an additional 8,823 shares during the period. Cibc World Markets Corp's holdings in Airbnb were worth $10,282,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ABNB. OneDigital Investment Advisors LLC lifted its position in shares of Airbnb by 6.8% during the third quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company's stock worth $282,000 after purchasing an additional 142 shares during the last quarter. Quest Partners LLC lifted its position in shares of Airbnb by 3,643.9% during the third quarter. Quest Partners LLC now owns 2,134 shares of the company's stock worth $271,000 after purchasing an additional 2,077 shares during the last quarter. MKA Charitable Fund lifted its position in shares of Airbnb by 17.2% during the third quarter. MKA Charitable Fund now owns 2,015,865 shares of the company's stock worth $255,632,000 after purchasing an additional 296,153 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of Airbnb by 9.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,013 shares of the company's stock worth $509,000 after purchasing an additional 345 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Airbnb in the third quarter worth about $4,587,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Transactions at Airbnb

In related news, insider Nathan Blecharczyk sold 183,078 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the sale, the insider now owns 164,850 shares of the company's stock, valued at $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 20,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the completion of the transaction, the chief technology officer now owns 185,414 shares in the company, valued at approximately $24,450,544.18. This trade represents a 9.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,094,370 shares of company stock worth $294,900,910. 27.83% of the stock is currently owned by company insiders.

Airbnb Stock Performance

ABNB traded up $2.65 during trading on Friday, hitting $128.80. The stock had a trading volume of 8,703,802 shares, compared to its average volume of 4,408,187. The firm has a market cap of $81.21 billion, a PE ratio of 31.19, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.00. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a 50 day simple moving average of $135.72 and a 200-day simple moving average of $133.18.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) 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%. Analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of recent research reports. Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a report on Friday, February 14th. Robert W. Baird raised shares of Airbnb from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $140.00 to $175.00 in a report on Friday, February 14th. DA Davidson raised their target price on shares of Airbnb from $131.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Bank of America raised their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. Finally, 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. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Airbnb currently has a consensus rating of "Hold" and a consensus target price of $147.82.

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.