Natixis Advisors LLC Purchases 19,535 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Natixis Advisors LLC raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 134,822 shares of the company’s stock after purchasing an additional 19,535 shares during the quarter. Natixis Advisors LLC’s holdings in Airbnb were worth $17,717,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ABNB. Golden State Wealth Management LLC bought a new stake in shares of Airbnb during the 4th quarter valued at about $25,000. Berbice Capital Management LLC bought a new stake in shares of Airbnb during the 4th quarter valued at about $26,000. Whipplewood Advisors LLC bought a new stake in shares of Airbnb during the 4th quarter valued at about $44,000. Cromwell Holdings LLC grew its stake in shares of Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 170 shares during the period. Finally, Quarry LP bought a new position in shares of Airbnb during the 3rd quarter valued at approximately $55,000. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ABNB shares. B. Riley boosted their price objective on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Morgan Stanley boosted their price objective on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Truist Financial dropped their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Finally, Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target for the company in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus price target of $148.15.

Airbnb Stock Performance

Shares of Airbnb stock opened at $124.56 on Wednesday. The stock’s fifty day moving average is $135.93 and its two-hundred day moving average is $133.20. The company has a market capitalization of $78.54 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. 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 52 week low of $110.38 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was 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 trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.80, for a total value of $27,171,338.00. Following the transaction, the director now owns 214,290 shares in the company, valued at approximately $27,171,972. This represents a 50.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,055,209 shares of company stock valued at $289,943,548 in the last quarter. 27.83% of the stock is owned by insiders.

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.