Airbnb, Inc. (NASDAQ:ABNB) Holdings Boosted by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,822 shares of the company's stock after buying an additional 19,535 shares during the period. Natixis Advisors LLC's holdings in Airbnb were worth $17,717,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ABNB. Golden State Wealth Management LLC acquired a new stake in Airbnb during the fourth quarter worth about $25,000. Berbice Capital Management LLC purchased a new stake in shares of Airbnb during the 4th quarter worth about $26,000. Whipplewood Advisors LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $44,000. Cromwell Holdings LLC raised its holdings in Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after buying an additional 170 shares during the period. Finally, Quarry LP purchased a new position in Airbnb in the third quarter valued at approximately $55,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Robert W. Baird raised shares of Airbnb from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $140.00 to $175.00 in a research report on Friday, February 14th. HSBC upgraded Airbnb from a "hold" rating to a "buy" rating in a report on Friday, February 14th. DA Davidson boosted their price objective on Airbnb from $131.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Bank of America upped their target price on Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Finally, Gordon Haskett upgraded Airbnb from a "sell" rating to a "hold" rating and set a $143.00 target price on the stock in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $147.82.

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Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 230,772 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the sale, the chief executive officer now owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, March 18th. The stock was 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 in the company, valued at approximately $21,598,794. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,094,370 shares of company stock valued at $294,900,910. Company insiders own 27.83% of the company's stock.

Airbnb Stock Performance

Shares of Airbnb stock traded up $2.65 on Friday, reaching $128.80. 8,703,802 shares of the company were exchanged, compared to its average volume of 4,408,187. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $81.21 billion, a price-to-earnings ratio of 31.19, 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 company's 50-day moving average is $135.72 and its two-hundred day moving average is $133.18.

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

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.