Zions Bancorporation N.A. Acquires 19,693 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Zions Bancorporation N.A. lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 10,419.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,882 shares of the company’s stock after purchasing an additional 19,693 shares during the quarter. Zions Bancorporation N.A.’s holdings in Airbnb were worth $2,613,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. CAP Partners LLC boosted its holdings in shares of Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after purchasing an additional 77 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of Airbnb by 1.4% during the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after buying an additional 78 shares during the last quarter. Manchester Capital Management LLC lifted its position in shares of Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after buying an additional 81 shares during the last quarter. Salvus Wealth Management LLC boosted its stake in Airbnb by 2.5% in the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after buying an additional 84 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its position in Airbnb by 2.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company’s stock valued at $565,000 after acquiring an additional 95 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Transactions at Airbnb

In other Airbnb news, 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 transaction of $88,200.00. Following the completion of the transaction, the chief technology officer now owns 171,419 shares in the company, valued at approximately $21,598,794. The trade was a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $137.00, for a total value of $856,250.00. Following the completion of the sale, the chief financial officer now directly owns 491,238 shares of the company’s stock, valued at approximately $67,299,606. This trade represents a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,055,909 shares of company stock valued at $289,763,290 over the last three months. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Up 0.0 %

Shares of Airbnb stock opened at $129.88 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.00. The stock has a 50 day moving average price of $135.79 and a two-hundred day moving average price of $133.64. The stock has a market capitalization of $81.89 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ABNB. Bank of America increased their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Benchmark increased their price objective on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Evercore ISI upped their price target on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Finally, Argus raised Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $147.36.

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.