Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,777 shares of the company’s stock after buying an additional 4,292 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Airbnb were worth $12,323,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in Airbnb during the fourth quarter valued at about $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb during the fourth quarter valued at about $26,000. Ashton Thomas Securities LLC purchased a new stake in Airbnb during the third quarter valued at about $30,000. Whipplewood Advisors LLC purchased a new stake in Airbnb during the fourth quarter valued at about $44,000. Finally, Cromwell Holdings LLC boosted its holdings in shares of Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after purchasing an additional 170 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total value of $875,625.00. Following the completion of the sale, the chief financial officer now owns 449,463 shares of the company’s stock, valued at approximately $62,969,766.30. The trade was a 1.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the sale, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,054,509 shares of company stock valued at $290,940,989. Company insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $126.55 on Thursday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The firm has a market cap of $79.79 billion, a P/E ratio of 30.64, a PEG ratio of 3.52 and a beta of 1.10. The company has a 50 day moving average of $136.73 and a 200 day moving average of $132.89. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ABNB shares. Morgan Stanley increased their target price on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. DA Davidson increased their target price on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Robert W. Baird upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $140.00 to $175.00 in a report on Friday, February 14th. Benchmark increased their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Bank of America increased their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $148.00.

Airbnb Company 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.