Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 33.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,619 shares of the company's stock after acquiring an additional 13,113 shares during the period. Mackenzie Financial Corp's holdings in Airbnb were worth $6,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Amiral Gestion bought a new position in shares of Airbnb during the 4th quarter valued at approximately $631,000. North Star Asset Management Inc. increased its position in shares of Airbnb by 8.1% during the 4th quarter. North Star Asset Management Inc. now owns 53,147 shares of the company's stock valued at $6,984,000 after purchasing an additional 4,001 shares during the last quarter. Cache Advisors LLC bought a new position in shares of Airbnb during the 4th quarter valued at approximately $933,000. GF Fund Management CO. LTD. bought a new position in shares of Airbnb during the 4th quarter valued at approximately $10,781,000. Finally, University of Texas Texas AM Investment Management Co. bought a new position in shares of Airbnb during the 4th quarter valued at approximately $49,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Elinor Mertz sold 6,250 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $140.10, for a total value of $875,625.00. Following the transaction, the chief financial officer now owns 449,463 shares of the company's stock, valued at $62,969,766.30. This represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total value of $98,070.00. Following the completion of the transaction, the chief technology officer now directly owns 172,819 shares in the company, valued at approximately $24,211,941.90. This trade represents a 0.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,637,909 shares of company stock valued at $202,275,554 in the last quarter. Insiders own 27.91% of the company's stock.

Airbnb Trading Up 0.5%

NASDAQ ABNB traded up $0.62 on Monday, reaching $129.62. 5,222,035 shares of the company were exchanged, compared to its average volume of 4,955,000. The business's fifty day moving average price is $122.47 and its 200 day moving average price is $130.62. The stock has a market capitalization of $81.20 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the firm posted $0.41 EPS. The business's quarterly revenue was up 7.4% on a year-over-year basis. Analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on ABNB. Truist Financial reiterated a "sell" rating and issued a $106.00 target price (down previously from $112.00) on shares of Airbnb in a research note on Friday. Cantor Fitzgerald reiterated an "underweight" rating and issued a $100.00 target price on shares of Airbnb in a research note on Wednesday, May 14th. JMP Securities restated a "market perform" rating on shares of Airbnb in a research note on Friday, May 2nd. The Goldman Sachs Group upgraded Airbnb from a "sell" rating to a "neutral" rating and raised their price target for the company from $110.00 to $153.00 in a research note on Friday, February 14th. Finally, Hsbc Global Res upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $141.23.

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.