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

Amiral Gestion boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 978.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,545 shares of the company’s stock after acquiring an additional 56,745 shares during the quarter. Airbnb comprises approximately 2.8% of Amiral Gestion’s portfolio, making the stock its 10th biggest holding. Amiral Gestion’s holdings in Airbnb were worth $7,594,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Hedges Asset Management LLC increased its holdings in shares of Airbnb by 9.8% in the 3rd quarter. Hedges Asset Management LLC now owns 3,350 shares of the company’s stock valued at $407,000 after purchasing an additional 300 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Airbnb by 57.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 402 shares of the company’s stock valued at $49,000 after acquiring an additional 147 shares during the period. Czech National Bank boosted its stake in shares of Airbnb by 3.3% during the 3rd quarter. Czech National Bank now owns 108,978 shares of the company’s stock worth $13,232,000 after acquiring an additional 3,456 shares in the last quarter. Congress Park Capital LLC grew its holdings in shares of Airbnb by 14.8% in the 3rd quarter. Congress Park Capital LLC now owns 2,136 shares of the company’s stock worth $259,000 after acquiring an additional 275 shares during the period. Finally, Wynn Capital LLC grew its holdings in shares of Airbnb by 7.7% in the 3rd quarter. Wynn Capital LLC now owns 3,854 shares of the company’s stock worth $468,000 after acquiring an additional 276 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ABNB has been the subject of a number of research analyst reports. BNP Paribas Exane assumed coverage on Airbnb in a research report on Monday, November 24th. They issued a “neutral” rating for the company. Truist Financial increased their price objective on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research note on Thursday, December 4th. BTIG Research restated a “neutral” rating on shares of Airbnb in a research report on Friday, November 7th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Airbnb in a report on Friday, November 7th. Finally, DA Davidson reissued a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research note on Friday, December 5th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $144.28.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 51,230 shares of Airbnb stock in a transaction on Monday, December 15th. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80. Following the completion of the sale, the chief executive officer owned 45,854 shares of the company’s stock, valued at $6,014,210.64. The trade was a 52.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 650 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $128.93, for a total value of $83,804.50. Following the completion of the transaction, the chief technology officer owned 169,511 shares of the company’s stock, valued at $21,855,053.23. The trade was a 0.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,737,378 shares of company stock valued at $212,009,665. 27.91% of the stock is currently owned by insiders.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $133.99 on Friday. The company has a 50-day simple moving average of $123.02 and a 200-day simple moving average of $127.54. The company has a market cap of $82.48 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.35 and a beta of 1.11. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 EPS. On average, analysts anticipate 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.