Banco Bilbao Vizcaya Argentaria S.A. Boosts Position in Airbnb, Inc. (NASDAQ:ABNB)

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 24.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Golden State Wealth Management LLC bought a new position in shares of Airbnb in the 4th quarter worth about $25,000. Berbice Capital Management LLC bought a new position in shares of Airbnb during the fourth quarter valued at approximately $26,000. Graney & King LLC purchased a new position in shares of Airbnb during the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC bought a new stake in shares of Airbnb in the 4th quarter worth approximately $44,000. Finally, Cromwell Holdings LLC grew 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 worth $49,000 after buying an additional 170 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Up 1.8 %

Shares of NASDAQ ABNB traded up $2.19 during midday trading on Tuesday, reaching $125.49. 6,511,271 shares of the company's stock traded hands, compared to its average volume of 4,820,400. The stock's 50 day simple moving average is $124.98 and its 200-day simple moving average is $131.82. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market cap of $79.13 billion, a price-to-earnings ratio of 30.38, a P/E/G ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a one year low of $99.88 and a one year high of $165.50.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating 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%. On average, analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of recent research reports. Baird R W upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Hsbc Global Res raised Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their price objective on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. JMP Securities restated a "market perform" rating on shares of Airbnb in a research note on Friday, February 14th. Finally, UBS Group dropped their target price on shares of Airbnb from $160.00 to $138.00 and set a "neutral" rating on the stock in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Airbnb has a consensus rating of "Hold" and an average target price of $146.06.

Insider Buying and Selling

In other news, Director Joseph Gebbia sold 214,285 shares of the business's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $108.76, for a total transaction of $23,305,636.60. Following the sale, the director now owns 2,294,870 shares in the company, valued at approximately $249,590,061.20. The trade was a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction that occurred 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 of the company's stock, valued at $1,613,243,321.82. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,998,146 shares of company stock worth $272,401,900 in the last ninety days. 27.83% of the stock is owned by insiders.

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.