Caisse DE Depot ET Placement DU Quebec Has $79.43 Million Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 120.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 626,351 shares of the company's stock after acquiring an additional 342,667 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.10% of Airbnb worth $79,428,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in ABNB. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb in the 3rd quarter worth approximately $25,000. Hollencrest Capital Management raised its position in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company's stock valued at $26,000 after buying an additional 200 shares during the last quarter. New Millennium Group LLC bought a new position in Airbnb in the second quarter valued at $28,000. Cultivar Capital Inc. bought a new position in shares of Airbnb in the 2nd quarter valued at about $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth about $30,000. Institutional investors own 80.76% of the company's stock.

Airbnb Price Performance

Shares of ABNB traded down $2.17 during mid-day trading on Friday, hitting $136.11. The company's stock had a trading volume of 2,664,219 shares, compared to its average volume of 5,739,123. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The firm has a market capitalization of $86.29 billion, a P/E ratio of 47.76, a P/E/G ratio of 1.93 and a beta of 1.15. The firm has a 50-day simple moving average of $134.15 and a 200 day simple moving average of $135.25. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the business posted $2.39 EPS. Analysts predict that Airbnb, Inc. will post 4.02 EPS for the current fiscal year.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $72,000.00. Following the completion of the transaction, the chief technology officer now owns 195,844 shares of the company's stock, valued at $23,501,280. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian Chesky sold 230,769 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the sale, the chief executive officer now directly owns 13,315,912 shares of the company's stock, valued at approximately $1,597,909,440. The trade was a 1.70 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 718,017 shares of company stock worth $91,842,052. Company insiders own 27.83% of the company's stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of several recent analyst reports. TD Cowen raised their target price on shares of Airbnb from $150.00 to $155.00 and gave the company a "buy" rating in a report on Friday, November 8th. Wells Fargo & Company upped their price objective on shares of Airbnb from $100.00 to $102.00 and gave the stock an "underweight" rating in a report on Tuesday, October 8th. Bank of America reaffirmed a "hold" rating and set a $142.00 price objective (up from $132.00) on shares of Airbnb in a report on Friday, October 11th. Mizuho lowered their target price on shares of Airbnb from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, September 13th. Finally, Susquehanna lifted their price target on shares of Airbnb from $130.00 to $160.00 and gave the company a "positive" rating in a report on Monday, November 11th. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $138.97.

About Airbnb

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.