Amiral Gestion Purchases Shares of 4,800 Airbnb, Inc. (NASDAQ:ABNB)

Amiral Gestion acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,800 shares of the company's stock, valued at approximately $631,000. Airbnb makes up about 0.4% of Amiral Gestion's investment portfolio, making the stock its 23rd largest position.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of Airbnb during the 4th quarter worth $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb during the fourth quarter valued at about $26,000. Orion Capital Management LLC purchased a new stake in Airbnb during the fourth quarter valued at about $28,000. Graney & King LLC bought a new stake in Airbnb during the fourth quarter worth about $32,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Airbnb in the 4th quarter worth about $44,000. Institutional investors own 80.76% of the company's stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of research reports. Phillip Securities cut Airbnb from a "hold" rating to a "moderate sell" rating in a report on Friday, May 9th. Argus upgraded shares of Airbnb from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Canaccord Genuity Group cut their price objective on shares of Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Baird R W raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Finally, Wedbush downgraded Airbnb from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $150.00 to $135.00 in a report on Friday, May 2nd. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $141.43.

Insider Activity at Airbnb

In related news, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $140.10, for a total transaction of $875,625.00. Following the completion of the transaction, the chief financial officer now directly owns 449,463 shares in the company, valued at approximately $62,969,766.30. The trade was a 1.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 26,154 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $145.00, for a total transaction of $3,792,330.00. Following the sale, the insider now owns 159,337 shares in the company, valued at approximately $23,103,865. The trade was a 14.10% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,416,079 shares of company stock worth $174,162,826. 27.91% of the stock is owned by company insiders.

Airbnb Stock Performance

ABNB stock traded up $2.68 on Tuesday, hitting $129.40. The company had a trading volume of 7,241,466 shares, compared to its average volume of 4,920,794. 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 12-month low of $99.88 and a 12-month high of $163.93. The stock has a market cap of $81.06 billion, a price-to-earnings ratio of 31.33, a P/E/G ratio of 3.52 and a beta of 1.14. The stock's 50-day simple moving average is $122.45 and its 200 day simple moving average is $130.81.

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

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.