Swiss National Bank Has $181.50 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Swiss National Bank lifted its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,333,200 shares of the company's stock after acquiring an additional 6,600 shares during the quarter. Swiss National Bank owned approximately 0.21% of Airbnb worth $181,502,000 as of its most recent SEC filing.

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

Airbnb Trading Up 0.9 %

NASDAQ ABNB traded up $1.38 during trading hours on Friday, reaching $159.71. The company's stock had a trading volume of 4,528,655 shares, compared to its average volume of 4,461,977. The firm has a fifty day simple moving average of $161.04 and a 200-day simple moving average of $144.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The stock has a market cap of $103.34 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.07 and a beta of 1.24.

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

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $161.02, for a total transaction of $96,612.00. Following the sale, the chief technology officer now owns 220,504 shares in the company, valued at approximately $35,505,554.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $161.02, for a total transaction of $96,612.00. Following the transaction, the chief technology officer now owns 220,504 shares in the company, valued at approximately $35,505,554.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 76,912 shares of the firm's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total transaction of $11,366,824.48. Following the completion of the sale, the chief executive officer now owns 14,545,529 shares of the company's stock, valued at $2,149,683,730.91. The disclosure for this sale can be found here. In the last 90 days, insiders sold 396,874 shares of company stock worth $63,712,671. 27.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group dropped their price target on Airbnb from $148.00 to $143.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 14th. B. Riley Financial assumed coverage on shares of Airbnb in a report on Wednesday, April 3rd. They issued a "neutral" rating and a $150.00 price target on the stock. Susquehanna boosted their price objective on Airbnb from $160.00 to $180.00 and gave the stock a "positive" rating in a report on Wednesday, February 14th. DA Davidson reissued a "neutral" rating and set a $145.00 price target on shares of Airbnb in a report on Friday, March 15th. Finally, Mizuho raised Airbnb from a "neutral" rating to a "buy" rating and upped their price objective for the company from $150.00 to $200.00 in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $149.19.

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.

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