Natixis Advisors L.P. Buys 24,964 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Natixis Advisors L.P. lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 20.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,014 shares of the company’s stock after purchasing an additional 24,964 shares during the quarter. Natixis Advisors L.P.’s holdings in Airbnb were worth $20,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ABNB. Pinnacle Associates Ltd. raised its position in Airbnb by 36.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 2,797 shares of the company’s stock worth $384,000 after purchasing an additional 741 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Airbnb by 3.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 95,106 shares of the company’s stock worth $13,049,000 after acquiring an additional 3,250 shares during the period. Mackenzie Financial Corp boosted its holdings in Airbnb by 79.2% in the third quarter. Mackenzie Financial Corp now owns 41,162 shares of the company’s stock valued at $5,258,000 after acquiring an additional 18,196 shares during the last quarter. Farmers & Merchants Investments Inc. acquired a new stake in Airbnb during the 3rd quarter valued at approximately $39,000. Finally, Pinnacle Wealth Management Advisory Group LLC grew its stake in Airbnb by 50.1% during the third quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,461 shares of the company’s stock worth $338,000 after purchasing an additional 821 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Up 0.9 %

Shares of NASDAQ ABNB opened at $159.71 on Monday. 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 firm has a market capitalization of $103.34 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.12 and a beta of 1.24. The business has a 50-day moving average of $161.18 and a 200-day moving average of $144.81.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data 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 firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. Sell-side analysts expect that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on ABNB shares. Barclays raised their target price on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Monday, January 29th. Piper Sandler boosted their price objective on Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Benchmark initiated coverage on Airbnb in a report on Thursday, April 11th. They issued a “buy” rating and a $190.00 target price on the stock. Tigress Financial boosted their price target on shares of Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research note on Thursday, April 11th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $149.19.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the sale, the chief technology officer now owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Airbnb news, CEO Brian Chesky sold 76,912 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total value of $11,366,824.48. Following the completion of the transaction, the chief executive officer now owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the transaction, the chief technology officer now owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 396,874 shares of company stock valued at $63,712,671. 27.83% of the stock is currently owned by company 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.