Cibc World Market Inc. Buys 7,080 Shares of Airbnb, Inc. $ABNB

Cibc World Market Inc. lifted its stake in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,069 shares of the company’s stock after acquiring an additional 7,080 shares during the period. Cibc World Market Inc.’s holdings in Airbnb were worth $10,867,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ABNB. Aster Capital Management DIFC Ltd bought a new position in shares of Airbnb in the 3rd quarter worth $25,000. ORG Partners LLC raised its position in shares of Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 96 shares in the last quarter. Entrust Financial LLC bought a new position in shares of Airbnb in the 4th quarter worth $27,000. Sunbelt Securities Inc. raised its position in shares of Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares in the last quarter. Finally, Wiser Advisor Group LLC bought a new position in shares of Airbnb in the 3rd quarter worth $27,000. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Down 0.1%

Shares of ABNB stock opened at $133.54 on Friday. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $147.25. The stock’s fifty day moving average price is $134.32 and its 200 day moving average price is $130.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $80.49 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 EPS. On average, research analysts expect that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Morgan Stanley lowered Airbnb from an “underweight” rating to an “underweight” rating in a research report on Monday, May 4th. TD Cowen boosted their target price on Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Raymond James Financial upgraded Airbnb from a “market perform” rating to a “strong-buy” rating in a research note on Monday, May 4th. Wedbush upgraded Airbnb from a “neutral” rating to a “neutral” rating in a research note on Monday, May 4th. Finally, Argus upgraded Airbnb to a “strong-buy” rating in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Airbnb has an average rating of “Moderate Buy” and a consensus price target of $157.76.

Get Our Latest Report on Airbnb

Insider Buying and Selling at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 7,433 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $136.24, for a total transaction of $1,012,671.92. Following the sale, the chief financial officer owned 449,040 shares in the company, valued at approximately $61,177,209.60. The trade was a 1.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 265,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $135.45, for a total value of $35,894,250.00. Following the sale, the director owned 3,182,355 shares in the company, valued at approximately $431,049,984.75. The trade was a 7.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,612,370 shares of company stock worth $217,546,338. 27.21% of the stock is currently owned by insiders.

Airbnb Profile

(Free Report)

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

See Also

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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