Amiral Gestion Acquires 56,745 Shares of Airbnb, Inc. $ABNB

Amiral Gestion raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 978.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,545 shares of the company’s stock after purchasing an additional 56,745 shares during the quarter. Airbnb comprises about 2.8% of Amiral Gestion’s investment portfolio, making the stock its 10th biggest position. Amiral Gestion’s holdings in Airbnb were worth $7,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of ABNB. Vanguard Group Inc. raised its holdings in shares of Airbnb by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 37,645,965 shares of the company’s stock valued at $4,982,067,000 after buying an additional 183,336 shares during the period. Harris Associates L P grew its position in Airbnb by 43.2% in the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after acquiring an additional 4,292,383 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Airbnb by 1.5% during the second quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock valued at $1,314,057,000 after purchasing an additional 145,788 shares during the period. AQR Capital Management LLC raised its stake in shares of Airbnb by 81.0% during the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after purchasing an additional 1,916,676 shares during the period. Finally, Norges Bank acquired a new position in shares of Airbnb during the second quarter worth $483,644,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ABNB. Wells Fargo & Company lifted their price target on shares of Airbnb from $111.00 to $118.00 and gave the stock an “underweight” rating in a research note on Monday, December 1st. KeyCorp began coverage on Airbnb in a research note on Thursday, October 23rd. They set a “sector weight” rating for the company. Wedbush reiterated a “neutral” rating and issued a $130.00 price target on shares of Airbnb in a research note on Friday, November 7th. BNP Paribas Exane assumed coverage on Airbnb in a research note on Monday, November 24th. They set a “neutral” rating for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $144.28.

Insider Buying and Selling at Airbnb

In related news, CFO Elinor Mertz sold 7,500 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $130.00, for a total value of $975,000.00. Following the completion of the sale, the chief financial officer directly owned 418,030 shares of the company’s stock, valued at approximately $54,343,900. This represents a 1.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 58,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $130.56, for a total transaction of $7,572,480.00. Following the transaction, the director directly owned 634,015 shares in the company, valued at $82,776,998.40. The trade was a 8.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,737,378 shares of company stock worth $212,009,665. 27.91% of the stock is owned by insiders.

Airbnb Stock Performance

Shares of ABNB opened at $133.99 on Friday. The firm has a fifty day moving average of $123.02 and a 200-day moving average of $127.54. The company has a market cap of $82.48 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 2.35 and a beta of 1.11. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the firm earned $2.13 earnings per share. Airbnb’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

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.