Cibc World Markets Corp Has $10.28 Million Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Cibc World Markets Corp raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 12.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 78,244 shares of the company’s stock after purchasing an additional 8,823 shares during the quarter. Cibc World Markets Corp’s holdings in Airbnb were worth $10,282,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of Airbnb in the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter valued at $26,000. Whipplewood Advisors LLC bought a new position in Airbnb in the 4th quarter valued at $44,000. Cromwell Holdings LLC boosted its stake in Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after purchasing an additional 170 shares in the last quarter. Finally, Quarry LP acquired a new position in Airbnb in the third quarter worth $55,000. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Down 1.9 %

Shares of ABNB stock opened at $124.56 on Wednesday. The company has a market capitalization of $78.54 billion, a price-to-earnings ratio of 30.16, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The firm has a fifty day moving average of $135.93 and a 200-day moving average of $133.20. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ABNB shares. Jefferies Financial Group upgraded Airbnb from a “hold” rating to a “buy” rating and raised their target price for the company from $165.00 to $185.00 in a research note on Monday, March 10th. JMP Securities restated a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Susquehanna upped their target price on shares of Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research report on Tuesday, February 18th. Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target on the stock in a research note on Friday, February 14th. Finally, DA Davidson boosted their price objective on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $148.15.

Insider Activity at Airbnb

In other news, CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the completion of the transaction, the chief executive officer now directly owns 12,537,369 shares of the company’s stock, valued at $1,674,741,751.02. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $130.18, for a total transaction of $91,126.00. Following the completion of the sale, the chief technology officer now directly owns 172,119 shares in the company, valued at approximately $22,406,451.42. This represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,055,209 shares of company stock valued at $289,943,548. 27.83% 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.