Desjardins Global Asset Management Inc. Has $333,000 Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Desjardins Global Asset Management Inc. boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,446 shares of the company’s stock after purchasing an additional 146 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Airbnb were worth $333,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ABNB. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Airbnb by 9.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 772,642 shares of the company’s stock worth $132,709,000 after buying an additional 63,601 shares in the last quarter. TradeLink Capital LLC acquired a new position in Airbnb during the 1st quarter worth $945,000. Synovus Financial Corp lifted its holdings in Airbnb by 22.5% during the 1st quarter. Synovus Financial Corp now owns 1,490 shares of the company’s stock worth $256,000 after buying an additional 274 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Airbnb by 27.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,519 shares of the company’s stock worth $433,000 after buying an additional 549 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Airbnb during the 1st quarter worth $2,125,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $160.10 on Friday. The stock has a market capitalization of $103.60 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 2.01 and a beta of 1.25. The business has a 50-day moving average of $159.40 and a 200-day moving average of $142.09. 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 fifty-two week low of $103.55 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data 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. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on ABNB shares. Susquehanna upped their target price on shares of Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Wednesday, February 14th. Benchmark started coverage on shares of Airbnb in a research report on Thursday, April 11th. They set a “buy” rating and a $190.00 target price for the company. UBS Group dropped their target price on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Wells Fargo & Company upped their target price on shares of Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a research report on Monday, April 1st. Finally, Bank of America upped their target price on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Airbnb currently has an average rating of “Hold” and an average target price of $147.58.

Insider Activity

In related news, CEO Brian Chesky sold 3,160 shares of Airbnb stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $142.29, for a total transaction of $449,636.40. Following the completion of the transaction, the chief executive officer now owns 14,930,137 shares in the company, valued at $2,124,409,193.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Brian Chesky sold 3,160 shares of Airbnb stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $142.29, for a total transaction of $449,636.40. Following the completion of the transaction, the chief executive officer now owns 14,930,137 shares in the company, valued at $2,124,409,193.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb 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 owns 144,931 shares of the company’s stock, valued at approximately $23,623,753. The disclosure for this sale can be found here. Insiders sold 475,414 shares of company stock worth $75,187,257 in the last quarter. Corporate insiders own 30.84% of the company’s stock.

About Airbnb

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.