Airbnb, Inc. (NASDAQ:ABNB) Stock Holdings Lifted by Industrial Alliance Investment Management Inc.

Industrial Alliance Investment Management Inc. raised its stake in Airbnb, Inc. (NASDAQ:ABNB – Get Rating) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,522 shares of the company’s stock after buying an additional 1,951 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in Airbnb were worth $3,206,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ABNB. Renaissance Technologies LLC increased its holdings in shares of Airbnb by 64.7% in the second quarter. Renaissance Technologies LLC now owns 5,604,567 shares of the company’s stock valued at $499,255,000 after buying an additional 2,200,800 shares in the last quarter. Vanguard Group Inc. grew its position in Airbnb by 10.2% during the 3rd quarter. Vanguard Group Inc. now owns 22,260,539 shares of the company’s stock worth $2,338,247,000 after purchasing an additional 2,062,575 shares in the last quarter. Sands Capital Management LLC grew its position in Airbnb by 55.3% during the 2nd quarter. Sands Capital Management LLC now owns 4,092,548 shares of the company’s stock worth $364,564,000 after purchasing an additional 1,457,105 shares in the last quarter. Two Sigma Advisers LP grew its position in Airbnb by 76.0% during the 3rd quarter. Two Sigma Advisers LP now owns 2,663,100 shares of the company’s stock worth $279,732,000 after purchasing an additional 1,149,900 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in Airbnb by 1,721.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,096,796 shares of the company’s stock worth $97,703,000 after purchasing an additional 1,036,586 shares in the last quarter. Institutional investors own 39.02% of the company’s stock.

Airbnb Stock Up 5.6 %

Shares of ABNB opened at $119.99 on Friday. The company has a 50-day simple moving average of $114.62 and a 200-day simple moving average of $107.49. The firm has a market capitalization of $76.86 billion, a P/E ratio of 42.85, a P/E/G ratio of 1.84 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.86 and a current ratio of 1.86. Airbnb, Inc. has a 52 week low of $81.91 and a 52 week high of $179.09.

Airbnb (NASDAQ:ABNB – Get Rating) last posted its quarterly earnings results on Tuesday, February 14th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.21. Airbnb had a net margin of 22.54% and a return on equity of 35.92%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business posted $0.08 earnings per share. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. On average, equities research analysts expect that Airbnb, Inc. will post 3.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ABNB. Morgan Stanley lifted their price objective on shares of Airbnb from $80.00 to $100.00 and gave the stock an “underweight” rating in a research report on Thursday, February 16th. Citigroup lifted their price objective on shares of Airbnb from $140.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. TheStreet upgraded shares of Airbnb from a “d+” rating to a “c” rating in a report on Wednesday, February 15th. Royal Bank of Canada boosted their price target on shares of Airbnb from $110.00 to $135.00 and gave the company a “sector perform” rating in a report on Wednesday, February 15th. Finally, Evercore ISI boosted their price target on shares of Airbnb from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, February 15th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $140.52.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 350,000 shares of the stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $117.22, for a total value of $41,027,000.00. Following the completion of the transaction, the director now owns 6,483,435 shares of the company’s stock, valued at $759,988,250.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $84.78, for a total transaction of $423,900.00. Following the sale, the chief technology officer now directly owns 210,296 shares of the company’s stock, valued at $17,828,894.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Gebbia sold 350,000 shares of the company’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $117.22, for a total transaction of $41,027,000.00. Following the sale, the director now directly owns 6,483,435 shares in the company, valued at $759,988,250.70. The disclosure for this sale can be found here. Insiders sold 2,066,863 shares of company stock valued at $256,807,889 over the last quarter. Corporate insiders own 32.69% of the company’s stock.

About Airbnb

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Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.