Banque Pictet & Cie SA Purchases 15,965 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Banque Pictet & Cie SA boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,149 shares of the company’s stock after buying an additional 15,965 shares during the period. Banque Pictet & Cie SA’s holdings in Airbnb were worth $18,023,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Figure 8 Investment Strategies LLC bought a new stake in Airbnb in the fourth quarter valued at $834,000. Avestar Capital LLC boosted its stake in Airbnb by 52.0% in the fourth quarter. Avestar Capital LLC now owns 10,470 shares of the company’s stock worth $1,376,000 after purchasing an additional 3,580 shares in the last quarter. MTM Investment Management LLC grew its holdings in shares of Airbnb by 27.6% during the fourth quarter. MTM Investment Management LLC now owns 9,089 shares of the company’s stock worth $1,194,000 after purchasing an additional 1,964 shares during the last quarter. Capital Advisors Inc. OK raised its holdings in shares of Airbnb by 4.7% in the fourth quarter. Capital Advisors Inc. OK now owns 169,266 shares of the company’s stock valued at $22,243,000 after buying an additional 7,542 shares during the last quarter. Finally, Certuity LLC bought a new position in shares of Airbnb in the fourth quarter valued at about $251,000. Institutional investors own 80.76% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total value of $809,875.00. Following the sale, the chief financial officer now directly owns 484,988 shares of the company’s stock, valued at approximately $62,844,745.04. This represents a 1.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the transaction, the chief technology officer now owns 185,414 shares of the company’s stock, valued at $25,218,158.14. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,417,704 shares of company stock valued at $187,654,829 in the last 90 days. 27.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ABNB shares. Bank of America raised their price objective on shares of Airbnb to $151.00 and gave the company a “hold” rating in a research report on Thursday. Jefferies Financial Group upped their price objective on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. UBS Group lifted their target price on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. TD Cowen upped their target price on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Citigroup boosted their price target on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $139.38.

Airbnb Stock Performance

Shares of ABNB opened at $141.04 on Friday. The stock has a market capitalization of $89.42 billion, a price-to-earnings ratio of 49.49, a PEG ratio of 1.88 and a beta of 1.12. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The firm has a fifty day simple moving average of $133.00 and a 200 day simple moving average of $130.02. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. Research analysts forecast that Airbnb, Inc. will post 3.97 EPS for the current fiscal year.

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.