Airbnb, Inc. (NASDAQ:ABNB) Stock Position Raised by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,285 shares of the company’s stock after buying an additional 95 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Airbnb were worth $565,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ABNB. Creative Financial Designs Inc. ADV grew its position in shares of Airbnb by 12.6% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,017 shares of the company’s stock valued at $129,000 after buying an additional 114 shares during the last quarter. National Pension Service grew its position in Airbnb by 13.0% in the 3rd quarter. National Pension Service now owns 903,040 shares of the company’s stock worth $114,515,000 after purchasing an additional 104,018 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Airbnb by 2.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 197,942 shares of the company’s stock worth $25,101,000 after purchasing an additional 5,431 shares during the last quarter. QRG Capital Management Inc. grew its position in Airbnb by 6.7% in the 3rd quarter. QRG Capital Management Inc. now owns 29,417 shares of the company’s stock worth $3,730,000 after purchasing an additional 1,857 shares during the last quarter. Finally, ASB Consultores LLC grew its position in Airbnb by 11.5% in the 3rd quarter. ASB Consultores LLC now owns 2,467 shares of the company’s stock worth $313,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price for the company in a research report on Friday, February 14th. UBS Group upped their target price on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Wedbush restated an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a research report on Tuesday, February 4th. Evercore ISI upped their target price on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Finally, Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $146.48.

Insider Transactions at Airbnb

In related news, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.49, for a total value of $5,288,002.89. Following the transaction, the chief executive officer now owns 12,577,839 shares in the company, valued at $1,729,327,084.11. This trade represents a 0.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares in the company, valued at $5,559,597. This trade represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,087,020 shares of company stock worth $295,392,297 in the last 90 days. 27.83% of the stock is owned by insiders.

Airbnb Stock Performance

Shares of ABNB opened at $141.42 on Wednesday. The company’s fifty day moving average is $136.78 and its 200-day moving average is $132.36. 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 $89.17 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth 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.

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