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

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 95.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,341 shares of the company’s stock after buying an additional 71,085 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Airbnb were worth $19,787,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ABNB. CVA Family Office LLC purchased a new position in Airbnb in the 4th quarter valued at about $26,000. Orion Capital Management LLC purchased a new position in Airbnb in the 3rd quarter valued at about $27,000. McGlone Suttner Wealth Management Inc. purchased a new position in Airbnb in the 4th quarter valued at about $30,000. Farmers & Merchants Investments Inc. bought a new position in shares of Airbnb during the third quarter worth about $39,000. Finally, Financial Management Professionals Inc. lifted its position in shares of Airbnb by 518.4% during the fourth quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock worth $41,000 after purchasing an additional 254 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on ABNB shares. Tigress Financial increased their price target on shares of Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Royal Bank of Canada increased their price target on shares of Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. Barclays increased their price target on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Monday, January 29th. B. Riley Financial started coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research report on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and an average price target of $147.58.

Airbnb Trading Up 1.1 %

Airbnb stock opened at $158.37 on Thursday. The company has a 50 day moving average price of $159.21 and a 200 day moving average price of $141.97. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market capitalization of $102.48 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 1.99 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Research analysts forecast that Airbnb, Inc. will post 4.63 EPS for the current year.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 11,420 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $140.03, for a total value of $1,599,142.60. Following the completion of the transaction, the insider now owns 542,342 shares of the company’s stock, valued at approximately $75,944,150.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Airbnb news, insider Nathan Blecharczyk sold 11,420 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $140.03, for a total value of $1,599,142.60. Following the completion of the sale, the insider now owns 542,342 shares in the company, valued at approximately $75,944,150.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the sale, the chief technology officer now owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 490,584 shares of company stock valued at $77,302,032. Company insiders own 30.84% of the company’s stock.

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.