Amiral Gestion Acquires New Shares in Airbnb, Inc. (NASDAQ:ABNB)

Amiral Gestion purchased a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,800 shares of the company's stock, valued at approximately $631,000. Airbnb comprises about 0.4% of Amiral Gestion's investment portfolio, making the stock its 23rd biggest position.

Several other hedge funds have also added to or reduced their stakes in ABNB. Ameritas Advisory Services LLC raised its stake in Airbnb by 53.0% in the fourth quarter. Ameritas Advisory Services LLC now owns 3,193 shares of the company's stock valued at $420,000 after purchasing an additional 1,106 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Airbnb by 90.0% during the fourth quarter. UMB Bank n.a. now owns 935 shares of the company's stock worth $123,000 after purchasing an additional 443 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Airbnb by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 886 shares of the company's stock valued at $116,000 after acquiring an additional 237 shares during the last quarter. Ballentine Partners LLC bought a new stake in Airbnb in the fourth quarter valued at approximately $221,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Airbnb by 3.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 52,966 shares of the company's stock valued at $6,960,000 after acquiring an additional 1,777 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Price Performance

Shares of ABNB traded down $0.38 during trading hours on Thursday, hitting $128.29. 2,016,659 shares of the company were exchanged, compared to its average volume of 4,905,746. The company has a market capitalization of $80.36 billion, a PE ratio of 31.05, a PEG ratio of 3.52 and a beta of 1.14. The firm has a fifty day simple moving average of $122.51 and a 200-day simple moving average of $130.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued 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). The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.80, for a total value of $27,171,338.00. Following the transaction, the director now directly owns 214,290 shares of the company's stock, valued at $27,171,972. The trade was a 50.00% 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, insider Nathan Blecharczyk sold 2,245 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $134.03, for a total value of $300,897.35. Following the completion of the transaction, the insider now directly owns 188,173 shares in the company, valued at $25,220,827.19. The trade was a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,389,925 shares of company stock valued at $170,370,496. 27.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ABNB shares. JPMorgan Chase & Co. lowered their target price on Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Canaccord Genuity Group lowered their price target on Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Cantor Fitzgerald reissued an "underweight" rating and issued a $100.00 price target on shares of Airbnb in a research report on Wednesday, May 14th. JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group raised Airbnb from a "sell" rating to a "neutral" rating and raised their target price for the company from $110.00 to $153.00 in a research report on Friday, February 14th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $141.43.

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.