Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,446 shares of the company’s stock after purchasing an additional 146 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Airbnb were worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ABNB. CVA Family Office LLC purchased a new stake in Airbnb during the fourth quarter worth $26,000. Orion Capital Management LLC purchased a new stake in shares of Airbnb in the third quarter valued at $27,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Airbnb in the fourth quarter valued at $30,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Airbnb in the third quarter valued at $39,000. Finally, Financial Management Professionals Inc. lifted its position in shares of Airbnb by 518.4% in the fourth quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock valued at $41,000 after acquiring an additional 254 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $155.83, for a total value of $93,498.00. Following the sale, the chief technology officer now directly owns 221,704 shares in the company, valued at approximately $34,548,134.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Brian Chesky sold 3,160 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $142.29, for a total value of $449,636.40. Following the sale, the chief executive officer now directly owns 14,930,137 shares in the company, valued at approximately $2,124,409,193.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total value of $93,498.00. Following the completion of the sale, the chief technology officer now owns 221,704 shares in the company, valued at $34,548,134.32. The disclosure for this sale can be found here. Insiders have sold a total of 475,414 shares of company stock worth $75,187,257 in the last three months. 30.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several recent research reports. Tigress Financial upped their price objective on Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Wedbush restated a “neutral” rating and issued a $160.00 price objective on shares of Airbnb in a research report on Thursday. Truist Financial upped their price objective on Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Benchmark started coverage on Airbnb in a research report on Thursday, April 11th. They set a “buy” rating and a $190.00 target price on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Thursday, April 11th. 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 stock. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus target price of $147.58.

Airbnb Trading Up 1.1 %

Shares of NASDAQ ABNB opened at $160.10 on Friday. The company has a market cap of $103.60 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The stock’s 50 day simple moving average is $159.40 and its 200 day simple moving average is $142.09.

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

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.