Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by SVB Wealth LLC

SVB Wealth LLC grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 7.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,314 shares of the company’s stock after purchasing an additional 1,278 shares during the period. SVB Wealth LLC’s holdings in Airbnb were worth $2,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA raised its position in Airbnb by 34.7% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock valued at $4,304,000 after purchasing an additional 8,140 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Airbnb by 4.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after purchasing an additional 333 shares during the last quarter. Nordea Investment Management AB raised its position in Airbnb by 27.5% in the 4th quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock valued at $172,742,000 after purchasing an additional 273,191 shares during the last quarter. LGT Group Foundation raised its position in Airbnb by 8.1% in the 3rd quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock valued at $43,227,000 after purchasing an additional 23,716 shares during the last quarter. Finally, Cerity Partners LLC raised its position in Airbnb by 14.4% in the 4th quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock valued at $13,011,000 after purchasing an additional 12,008 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 1.1 %

Shares of ABNB opened at $158.37 on Thursday. The firm has a market cap of $102.48 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25. The company’s fifty day moving average is $159.21 and its two-hundred day moving average is $141.97. Airbnb, Inc. has a fifty-two week low of $103.55 and a fifty-two week high of $170.10. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. Analysts forecast that Airbnb, Inc. will post 4.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ABNB. UBS Group cut their price objective on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Benchmark began coverage on shares of Airbnb in a research report on Thursday, April 11th. They set a “buy” rating and a $190.00 price objective for the company. Susquehanna upped their price objective on shares of Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, February 14th. Truist Financial upped their price objective on shares of Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Finally, Wedbush restated a “neutral” rating and set a $160.00 price objective (up previously from $150.00) on shares of Airbnb in a research report on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $147.58.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 4,350 shares of Airbnb stock in a transaction on Friday, January 19th. The shares were sold at an average price of $140.03, for a total value of $609,130.50. Following the transaction, the chief executive officer now owns 14,933,297 shares in the company, valued at approximately $2,091,109,578.91. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the transaction, the chief technology officer now owns 144,331 shares in the company, valued at approximately $24,435,238.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 4,350 shares of Airbnb stock in a transaction on Friday, January 19th. The shares were sold at an average price of $140.03, for a total transaction of $609,130.50. Following the transaction, the chief executive officer now owns 14,933,297 shares in the company, valued at approximately $2,091,109,578.91. The disclosure for this sale can be found here. Insiders have sold a total of 490,584 shares of company stock worth $77,302,032 in the last quarter. 30.84% of the stock is owned by insiders.

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.