Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Altshuler Shaham Ltd

Altshuler Shaham Ltd lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 12.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 16,151 shares of the company’s stock after buying an additional 1,844 shares during the quarter. Altshuler Shaham Ltd’s holdings in Airbnb were worth $2,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Resource Group raised its stake in shares of Airbnb by 25.7% in the 3rd quarter. Advisory Resource Group now owns 10,434 shares of the company’s stock valued at $1,323,000 after purchasing an additional 2,131 shares in the last quarter. Virtu Financial LLC acquired a new stake in Airbnb during the third quarter valued at approximately $609,000. Wilmington Savings Fund Society FSB bought a new position in Airbnb during the 3rd quarter worth approximately $648,000. Tri Ri Asset Management Corp acquired a new position in shares of Airbnb in the 3rd quarter worth approximately $6,352,000. Finally, Retirement Systems of Alabama increased its holdings in shares of Airbnb by 5.7% in the 3rd quarter. Retirement Systems of Alabama now owns 341,031 shares of the company’s stock valued at $43,246,000 after acquiring an additional 18,407 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the subject of a number of research reports. Bank of America lifted their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and lifted their price target for the company from $110.00 to $153.00 in a report on Friday, February 14th. Susquehanna increased their price objective on shares of Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Tuesday, February 18th. Canaccord Genuity Group lifted their target price on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $146.78.

Airbnb Stock Performance

Shares of ABNB opened at $112.64 on Thursday. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $166.74. The stock has a market capitalization of $71.02 billion, a P/E ratio of 27.27, a P/E/G ratio of 3.52 and a beta of 1.15. The firm’s 50 day moving average is $130.07 and its 200-day moving average is $132.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $133.19, for a total transaction of $5,122,620.59. Following the sale, the chief executive officer now directly owns 12,460,447 shares of the company’s stock, valued at $1,659,606,935.93. The trade was a 0.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $135.47, for a total value of $94,829.00. Following the completion of the sale, the chief technology officer now directly owns 183,314 shares of the company’s stock, valued at approximately $24,833,547.58. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,036,607 shares of company stock valued at $280,762,098 over the last three months. Insiders own 27.83% of the company’s stock.

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.