Mizuho Securities USA LLC Buys 12,495 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Mizuho Securities USA LLC grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 43.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,027 shares of the company’s stock after acquiring an additional 12,495 shares during the period. Mizuho Securities USA LLC’s holdings in Airbnb were worth $5,391,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. CAP Partners LLC increased its stake in shares of Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after purchasing an additional 77 shares in the last quarter. Lindbrook Capital LLC grew its holdings in Airbnb by 1.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock valued at $728,000 after purchasing an additional 78 shares during the period. Manchester Capital Management LLC grew its holdings in Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after purchasing an additional 81 shares during the period. Salvus Wealth Management LLC increased its position in Airbnb by 2.5% in the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after buying an additional 84 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after acquiring an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and lifted their target price for the company from $165.00 to $185.00 in a research note on Monday, March 10th. Wells Fargo & Company dropped their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target for the company in a report on Friday, February 14th. Finally, The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and upped their price objective for the company from $110.00 to $153.00 in a research report on Friday, February 14th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Airbnb presently has an average rating of “Hold” and an average target price of $147.82.

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 230,772 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the transaction, the chief executive officer now directly owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This trade represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 20,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the completion of the sale, the chief technology officer now directly owns 185,414 shares in the company, valued at $24,450,544.18. This trade represents a 9.74 % decrease in their ownership of the stock. 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.

Airbnb Trading Up 2.1 %

Shares of NASDAQ ABNB opened at $128.80 on Friday. The business has a fifty day moving average price of $135.72 and a 200 day moving average price of $133.30. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.00. 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 stock has a market capitalization of $81.21 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

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

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.