Generali Investments Towarzystwo Funduszy Inwestycyjnych Invests $151,000 in Airbnb, Inc. (NASDAQ:ABNB)

Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,150 shares of the company’s stock, valued at approximately $151,000.

A number of other institutional investors have also made changes to their positions in ABNB. CAP Partners LLC increased its stake in Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after purchasing an additional 77 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after purchasing an additional 81 shares during the period. Salvus Wealth Management LLC lifted its holdings in Airbnb by 2.5% in the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after purchasing an additional 84 shares during the period. First Horizon Advisors Inc. lifted its holdings in Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after acquiring an additional 94 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its holdings in Airbnb by 2.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after acquiring an additional 97 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $145.01, for a total transaction of $101,507.00. Following the sale, the chief technology officer now owns 173,519 shares in the company, valued at $25,161,990.19. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $141.93, for a total transaction of $30,413,470.05. Following the sale, the director now owns 428,575 shares in the company, valued at $60,827,649.75. This represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,091,314 shares of company stock valued at $295,773,256 over the last 90 days. 27.83% of the stock is currently owned by company insiders.

Airbnb Trading Down 3.2 %

NASDAQ:ABNB opened at $139.45 on Friday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The firm has a market cap of $87.93 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 3.52 and a beta of 1.12. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $136.43 and its 200-day moving average is $131.63.

Airbnb (NASDAQ:ABNB) last released 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%. Equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Bank of America upped their price objective on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Piper Sandler upped their price objective on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Finally, TD Cowen upped their price objective on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $146.48.

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.