Zions Bancorporation National Association UT Buys 6,143 Shares of Airbnb, Inc. $ABNB

Zions Bancorporation National Association UT boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 16.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,025 shares of the company’s stock after purchasing an additional 6,143 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Airbnb were worth $5,839,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ABNB. Harris Associates L P boosted its position in Airbnb by 43.2% during the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after purchasing an additional 4,292,383 shares during the period. Independent Franchise Partners LLP bought a new stake in Airbnb during the third quarter worth approximately $505,672,000. Norges Bank bought a new stake in Airbnb during the fourth quarter worth approximately $480,332,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Airbnb by 453.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock valued at $403,782,000 after acquiring an additional 2,724,682 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Airbnb by 58.6% in the third quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock valued at $518,456,000 after acquiring an additional 1,577,338 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 1.7%

Shares of ABNB stock opened at $129.10 on Thursday. The stock has a market cap of $77.81 billion, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.25. The stock has a fifty day moving average price of $134.67 and a 200 day moving average price of $131.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period last year, the business earned $0.24 earnings per share. Analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 60,136 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $145.70, for a total transaction of $8,761,815.20. Following the completion of the transaction, the insider directly owned 11,920 shares in the company, valued at $1,736,744. This represents a 83.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 265,746 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $132.22, for a total value of $35,136,936.12. Following the transaction, the chief executive officer owned 11,206,389 shares of the company’s stock, valued at $1,481,708,753.58. This represents a 2.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,677,117 shares of company stock valued at $226,595,468 over the last ninety days. 27.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ABNB shares. Oppenheimer raised Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price objective for the company in a research report on Monday, May 4th. Raymond James Financial raised Airbnb from a “market perform” rating to a “strong-buy” rating in a research report on Monday, May 4th. Scotiabank started coverage on Airbnb in a research report on Monday, May 4th. They issued an “outperform” rating for the company. Barclays increased their price objective on Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Finally, Tigress Financial reduced their price objective on Airbnb from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.76.

About Airbnb

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.