Ossiam Has $5.58 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Ossiam raised its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 232.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 42,477 shares of the company's stock after buying an additional 29,706 shares during the quarter. Ossiam's holdings in Airbnb were worth $5,582,000 as of its most recent SEC filing.

Several 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 during the fourth quarter valued at $25,000. Berbice Capital Management LLC acquired a new position in Airbnb during the 4th quarter valued at about $26,000. Graney & King LLC acquired a new position in Airbnb during the 4th quarter valued at about $32,000. Whipplewood Advisors LLC bought a new stake in shares of Airbnb during the 4th quarter worth about $44,000. Finally, Cromwell Holdings LLC boosted its holdings in shares of Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Stock Up 2.9 %

Shares of Airbnb stock traded up $3.43 during midday trading on Thursday, reaching $121.71. 3,687,960 shares of the company's stock traded hands, compared to its average volume of 4,786,659. The company has a market cap of $76.74 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $166.74. The company's 50 day simple moving average is $127.22 and its 200 day simple moving average is $132.06. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the sale, the chief technology officer now owns 182,614 shares in the company, valued at $23,401,984.10. This represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the transaction, the chief executive officer now directly owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,213,131 shares of company stock worth $300,179,370. 27.83% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on ABNB. Canaccord Genuity Group boosted their target price on Airbnb from $165.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Robert W. Baird dropped their price objective on Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Gordon Haskett raised Airbnb from a "sell" rating to a "hold" rating and set a $143.00 target price for the company in a research note on Friday, February 14th. HSBC upgraded shares of Airbnb from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $146.94.

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.