Amiral Gestion Invests $631,000 in Airbnb, Inc. (NASDAQ:ABNB)

Amiral Gestion bought a new position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,800 shares of the company's stock, valued at approximately $631,000. Airbnb accounts for 0.4% of Amiral Gestion's holdings, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of ABNB. Geode Capital Management LLC boosted its holdings in Airbnb by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock valued at $1,244,514,000 after purchasing an additional 72,991 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after purchasing an additional 2,590,475 shares during the last quarter. Northern Trust Corp boosted its holdings in Airbnb by 8.4% in the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock valued at $564,647,000 after purchasing an additional 331,607 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Airbnb by 15.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock valued at $548,683,000 after purchasing an additional 558,856 shares during the last quarter. Finally, Norges Bank purchased a new position in Airbnb in the fourth quarter valued at about $433,374,000. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Stock Performance

ABNB traded down $0.73 during trading hours on Wednesday, hitting $128.67. The company's stock had a trading volume of 4,730,218 shares, compared to its average volume of 4,920,037. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $80.60 billion, a PE ratio of 31.15, a PEG ratio of 3.52 and a beta of 1.14. The company has a 50-day simple moving average of $122.51 and a 200 day simple moving average of $130.80.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm's revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the subject of a number of analyst reports. DA Davidson raised Airbnb from a "neutral" rating to a "buy" rating and reduced their price target for the company from $170.00 to $155.00 in a report on Wednesday, April 30th. Royal Bank of Canada cut their price objective on Airbnb from $160.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Wedbush cut Airbnb from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $150.00 to $135.00 in a research note on Friday, May 2nd. Needham & Company LLC restated a "hold" rating on shares of Airbnb in a research note on Wednesday, May 14th. Finally, Evercore ISI cut their price objective on Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Airbnb has an average rating of "Hold" and an average target price of $141.43.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $132.52, for a total transaction of $28,397,048.20. Following the completion of the transaction, the director now directly owns 1,652,015 shares of the company's stock, valued at approximately $218,925,027.80. This trade represents a 11.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total value of $875,625.00. Following the transaction, the chief financial officer now directly owns 449,463 shares of the company's stock, valued at approximately $62,969,766.30. The trade was a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,389,925 shares of company stock valued at $170,370,496. 27.91% of the stock is owned by corporate insiders.

Airbnb Company 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.