iA Global Asset Management Inc. Has $6.13 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

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

Several other large investors have also bought and sold shares of ABNB. Golden State Wealth Management LLC acquired a new position in Airbnb in the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC acquired a new position in Airbnb in the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new stake in Airbnb in the fourth quarter valued at approximately $44,000. Cromwell Holdings LLC increased its stake in Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 170 shares in the last quarter. Finally, Quarry LP bought a new stake in Airbnb in the third quarter valued at approximately $55,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the sale, the insider now owns 164,850 shares in the company, valued at $26,046,300. The trade was a 52.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total transaction of $88,200.00. Following the completion of the sale, the chief technology officer now owns 171,419 shares of the company’s stock, valued at $21,598,794. This trade represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,094,370 shares of company stock worth $294,900,910. 27.83% of the stock is owned by insiders.

Airbnb Stock Performance

Shares of ABNB stock opened at $126.15 on Friday. The stock has a market cap of $79.54 billion, a P/E ratio of 30.54, a P/E/G ratio of 3.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a fifty day moving average price of $135.74 and a two-hundred day moving average price of $133.10. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ABNB shares. Wells Fargo & Company lowered their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Benchmark upped their target price on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Wedbush reissued an “outperform” rating and set a $155.00 price objective on shares of Airbnb in a research report on Tuesday, February 4th. Finally, Bank of America increased their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $148.15.

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.