LGT Group Foundation Has $41.76 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

LGT Group Foundation reduced its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 304,832 shares of the company's stock after selling 11,713 shares during the quarter. Airbnb makes up about 0.9% of LGT Group Foundation's investment portfolio, making the stock its 29th largest holding. LGT Group Foundation's holdings in Airbnb were worth $41,762,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. CVA Family Office LLC purchased a new stake in shares of Airbnb during the 4th quarter worth approximately $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at about $27,000. Bfsg LLC purchased a new stake in shares of Airbnb during the 4th quarter worth $27,000. McGlone Suttner Wealth Management Inc. purchased a new position in Airbnb in the fourth quarter worth $30,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of Airbnb in the 3rd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 80.76% of the company's stock.

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total value of $97,800.00. Following the transaction, the chief technology officer now directly owns 144,931 shares of the company's stock, valued at $23,623,753. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CTO Aristotle N. Balogh sold 75,500 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the completion of the transaction, the chief technology officer now owns 146,131 shares in the company, valued at $22,695,605.61. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $163.00, for a total transaction of $97,800.00. Following the completion of the sale, the chief technology officer now directly owns 144,931 shares of the company's stock, valued at $23,623,753. The disclosure for this sale can be found here. Insiders sold 396,274 shares of company stock worth $63,616,059 in the last 90 days. 27.83% of the stock is owned by corporate insiders.

Airbnb Stock Up 1.4 %

Shares of ABNB stock traded up $2.17 during mid-day trading on Thursday, hitting $158.33. The company's stock had a trading volume of 4,730,412 shares, compared to its average volume of 4,460,645. The business has a 50-day moving average price of $160.98 and a 200 day moving average price of $144.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market cap of $102.45 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 2.11 and a beta of 1.24. Airbnb, Inc. has a 52-week low of $103.55 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. Research analysts predict that Airbnb, Inc. will post 4.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ABNB. JPMorgan Chase & Co. upped their price objective on shares of Airbnb from $118.00 to $140.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 14th. Mizuho raised shares of Airbnb from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $150.00 to $200.00 in a research report on Wednesday, April 24th. B. Riley started coverage on Airbnb in a report on Wednesday, April 3rd. They issued a "neutral" rating and a $150.00 target price for the company. BMO Capital Markets upped their price target on Airbnb from $134.00 to $135.00 and gave the company a "market perform" rating in a report on Wednesday, February 14th. Finally, Benchmark began coverage on shares of Airbnb in a research report on Thursday, April 11th. They set a "buy" rating and a $190.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $149.19.

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.