Czech National Bank Increases Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Czech National Bank lifted its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,857 shares of the company's stock after purchasing an additional 4,224 shares during the period. Czech National Bank's holdings in Airbnb were worth $12,334,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Koshinski Asset Management Inc. increased its stake in shares of Airbnb by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company's stock valued at $292,000 after buying an additional 85 shares during the period. Edge Capital Group LLC grew its holdings in Airbnb by 1.2% during the 2nd quarter. Edge Capital Group LLC now owns 7,617 shares of the company's stock worth $1,155,000 after acquiring an additional 87 shares in the last quarter. Lazari Capital Management Inc. increased its position in Airbnb by 3.6% during the 2nd quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company's stock valued at $382,000 after purchasing an additional 88 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company's stock valued at $74,000 after purchasing an additional 94 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of Airbnb by 2.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company's stock worth $468,000 after purchasing an additional 97 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Insider Activity at Airbnb

In other news, CAO David C. Bernstein sold 1,000 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the sale, the chief accounting officer now owns 40,581 shares of the company's stock, valued at $5,559,597. The trade was a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $136.11, for a total transaction of $81,666.00. Following the transaction, the chief technology officer now owns 192,844 shares of the company's stock, valued at approximately $26,247,996.84. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 915,997 shares of company stock worth $122,800,660 in the last 90 days. Corporate insiders own 27.83% of the company's stock.

Airbnb Stock Performance

ABNB stock traded down $1.25 during trading on Tuesday, hitting $127.60. 3,998,909 shares of the company traded hands, compared to its average volume of 3,714,726. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The stock's 50-day simple moving average is $134.62 and its 200 day simple moving average is $132.22. The company has a market cap of $80.89 billion, a PE ratio of 44.77, a P/E/G ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period last year, the company posted $2.39 earnings per share. On average, equities analysts expect that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ABNB. TD Cowen lifted their price objective on shares of Airbnb from $150.00 to $155.00 and gave the company a "buy" rating in a report on Friday, November 8th. Truist Financial reduced their price target on Airbnb from $124.00 to $123.00 and set a "hold" rating for the company in a research report on Wednesday, December 4th. Citigroup raised their price objective on Airbnb from $135.00 to $158.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Morgan Stanley lifted their target price on Airbnb from $115.00 to $125.00 and gave the company an "underweight" rating in a research note on Monday. Finally, Benchmark reissued a "buy" rating and set a $155.00 price target on shares of Airbnb in a research report on Friday, November 8th. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $139.32.

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.