iA Global Asset Management Inc. Purchases 1,804 Shares of Airbnb, Inc. (NASDAQ:ABNB)

iA Global Asset Management Inc. raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,657 shares of the company’s stock after buying an additional 1,804 shares during the quarter. iA Global Asset Management Inc.’s holdings in Airbnb were worth $6,131,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Airbnb in the 4th quarter valued at about $25,000. Berbice Capital Management LLC bought a new position in Airbnb in the 4th quarter valued at about $26,000. Whipplewood Advisors LLC bought a new position in Airbnb in the 4th quarter valued at about $44,000. Cromwell Holdings LLC increased its holdings in Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after buying an additional 170 shares during the period. Finally, Quarry LP bought a new stake in shares of Airbnb during the 3rd quarter valued at approximately $55,000. 80.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ABNB. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Wedbush reaffirmed an “outperform” rating and set a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Truist Financial decreased their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Finally, Evercore ISI lifted their price target on shares of Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $148.15.

Airbnb Stock Up 0.1 %

Airbnb stock opened at $126.15 on Friday. 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, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The firm’s fifty day moving average is $135.74 and its 200 day moving average is $133.10. The company has a market capitalization of $79.54 billion, a PE ratio of 30.54, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the transaction, the chief executive officer now owns 12,537,369 shares in the company, valued at approximately $1,674,741,751.02. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the transaction, the insider now owns 164,850 shares in the company, valued at approximately $26,046,300. The trade was a 52.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,094,370 shares of company stock worth $294,900,910. Insiders own 27.83% 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.