Natixis Advisors L.P. Grows Stake in Airbnb, Inc. (NASDAQ:ABNB)

Natixis Advisors L.P. raised its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 20.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,014 shares of the company's stock after purchasing an additional 24,964 shares during the period. Natixis Advisors L.P.'s holdings in Airbnb were worth $20,150,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA grew its position in Airbnb by 34.7% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company's stock valued at $4,304,000 after acquiring an additional 8,140 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Airbnb by 4.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company's stock worth $1,119,000 after buying an additional 333 shares during the period. Nordea Investment Management AB boosted its position in Airbnb by 27.5% in the 4th quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company's stock valued at $172,742,000 after buying an additional 273,191 shares during the last quarter. LGT Group Foundation grew its stake in shares of Airbnb by 8.1% during the third quarter. LGT Group Foundation now owns 316,545 shares of the company's stock valued at $43,227,000 after acquiring an additional 23,716 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of Airbnb by 14.4% during the fourth quarter. Cerity Partners LLC now owns 95,572 shares of the company's stock worth $13,011,000 after acquiring an additional 12,008 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Insider Activity

In other Airbnb news, CEO Brian Chesky sold 76,912 shares of Airbnb 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 transaction, the chief executive officer now directly owns 14,545,529 shares of the company's stock, valued at $2,149,683,730.91. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CTO Aristotle N. Balogh sold 600 shares of the firm's stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $161.02, for a total value of $96,612.00. Following the completion of the sale, the chief technology officer now directly owns 220,504 shares in the company, valued at $35,505,554.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian Chesky sold 76,912 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 396,874 shares of company stock valued at $63,712,671. Insiders own 27.83% of the company's stock.

Airbnb Stock Performance

ABNB traded up $2.29 during trading on Monday, hitting $162.00. The stock had a trading volume of 2,911,366 shares, compared to its average volume of 4,444,160. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12 month low of $103.55 and a 12 month high of $170.10. The company has a 50 day simple moving average of $161.18 and a 200-day simple moving average of $144.81. The firm has a market cap of $104.83 billion, a PE ratio of 22.38, a P/E/G ratio of 2.12 and a beta of 1.24.

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

Wall Street Analyst Weigh In

ABNB has been the subject of a number of analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a report on Thursday, April 11th. Benchmark began coverage on shares of Airbnb in a research report on Thursday, April 11th. They set a "buy" rating and a $190.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Airbnb from $118.00 to $140.00 and gave the stock a "neutral" rating in a report on Wednesday, February 14th. B. Riley began coverage on Airbnb in a report on Wednesday, April 3rd. They set a "neutral" rating and a $150.00 target price for the company. Finally, Wells Fargo & Company raised their price target on Airbnb from $107.00 to $127.00 and gave the stock an "underweight" rating in a report on Monday, April 1st. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Airbnb currently has an average rating of "Hold" and a consensus target price 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.