14,126 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,126 shares of the company's stock, valued at approximately $1,856,000.

Other large investors have also bought and sold shares of the company. Verde Capital Management boosted its stake in shares of Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company's stock valued at $2,775,000 after purchasing an additional 4,269 shares during the last quarter. Tri Ri Asset Management Corp acquired a new position in Airbnb in the third quarter valued at $6,352,000. Baltimore Washington Financial Advisors Inc. boosted its position in Airbnb by 14.8% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock valued at $6,498,000 after acquiring an additional 6,357 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Airbnb by 40.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company's stock valued at $90,123,000 after acquiring an additional 197,558 shares during the last quarter. Finally, Sarasin & Partners LLP acquired a new stake in Airbnb during the 4th quarter worth about $2,272,000. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Performance

NASDAQ ABNB traded up $0.06 during trading hours on Tuesday, reaching $129.88. 4,362,208 shares of the company were exchanged, compared to its average volume of 4,410,865. 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 stock has a market capitalization of $81.89 billion, a P/E ratio of 31.45, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.00. The business's 50 day simple moving average is $135.74 and its 200-day simple moving average is $133.53.

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Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Transactions at Airbnb

In other news, insider Nathan Blecharczyk sold 2,712 shares of Airbnb stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $156.32, for a total value of $423,939.84. Following the completion of the transaction, the insider now directly owns 159,337 shares in the company, valued at approximately $24,907,559.84. The trade was a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total value of $88,200.00. Following the transaction, the chief technology officer now directly owns 171,419 shares of the company's stock, valued at $21,598,794. The trade was a 0.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,055,909 shares of company stock worth $289,763,290. 27.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Evercore ISI upped their target price on Airbnb to $155.00 and gave the company a "hold" rating in a research report on Wednesday, January 15th. HSBC upgraded Airbnb from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Tigress Financial lifted their price objective on shares of Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, March 14th. Barclays boosted their target price on shares of Airbnb from $110.00 to $120.00 and gave the company an "underweight" rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group upgraded shares of Airbnb from a "sell" rating to a "neutral" rating and raised their price target for the stock from $110.00 to $153.00 in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $147.36.

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.