Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Airbnb, Inc. (NASDAQ:ABNB)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 328,735 shares of the company's stock, valued at approximately $41,687,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.05% of Airbnb as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in shares of Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company's stock valued at $537,872,000 after buying an additional 4,172,985 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Airbnb by 19,052.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company's stock valued at $256,784,000 after buying an additional 1,684,646 shares in the last quarter. Farallon Capital Management LLC acquired a new position in shares of Airbnb in the 1st quarter valued at $265,292,000. Edgewood Management LLC boosted its holdings in shares of Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company's stock valued at $1,722,388,000 after buying an additional 1,143,464 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Airbnb by 19,430.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company's stock valued at $1,419,610,000 after buying an additional 1,113,747 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Activity at Airbnb

In related news, CEO Brian Chesky sold 76,923 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the sale, the chief executive officer now directly owns 12,616,300 shares of the company's stock, valued at approximately $1,765,525,022. This represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the firm's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $72,000.00. Following the sale, the chief technology officer now directly owns 195,844 shares in the company, valued at $23,501,280. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 718,017 shares of company stock valued at $91,842,052. Insiders own 27.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ABNB shares. Susquehanna upped their target price on shares of Airbnb from $130.00 to $160.00 and gave the company a "positive" rating in a report on Monday, November 11th. Benchmark reiterated a "buy" rating and set a $155.00 price target on shares of Airbnb in a research note on Friday, November 8th. Wedbush increased their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Airbnb from $143.00 to $90.00 and set a "hold" rating for the company in a research note on Wednesday, August 7th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Airbnb in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $138.97.

Airbnb Price Performance

NASDAQ ABNB traded down $1.39 during trading hours on Thursday, reaching $138.28. The company's stock had a trading volume of 2,657,033 shares, compared to its average volume of 4,529,713. The stock has a market cap of $87.67 billion, a PE ratio of 48.52, a PEG ratio of 2.00 and a beta of 1.15. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company's 50-day moving average is $133.86 and its two-hundred day moving average is $135.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

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

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.