Generali Investments CEE investicni spolecnost a.s. Buys Shares of 20,000 Airbnb, Inc. (NASDAQ:ABNB)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,000 shares of the company’s stock, valued at approximately $2,628,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ABNB. CAP Partners LLC increased its holdings in shares of Airbnb by 3.6% in the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after purchasing an additional 77 shares during the period. Lindbrook Capital LLC increased its holdings in shares of Airbnb by 1.4% in the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after purchasing an additional 78 shares during the period. Manchester Capital Management LLC increased its holdings in shares of Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after purchasing an additional 81 shares during the period. Salvus Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 84 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after purchasing an additional 94 shares during the period. Institutional investors own 80.76% of the company’s stock.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $128.95, for a total transaction of $27,632,050.75. Following the completion of the transaction, the director now owns 1,071,430 shares of the company’s stock, valued at approximately $138,160,898.50. This trade represents a 16.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $135.35, for a total transaction of $94,745.00. Following the transaction, the chief technology officer now directly owns 184,714 shares of the company’s stock, valued at $25,001,039.90. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,093,970 shares of company stock worth $296,365,992 over the last three months. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Tuesday, February 18th. DA Davidson upped their price target on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. TD Cowen upped their price target on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, UBS Group increased their target price on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average price target of $146.48.

Airbnb Stock Performance

Shares of ABNB opened at $134.39 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a 50-day simple moving average of $136.92 and a two-hundred day simple moving average of $132.44. The firm has a market capitalization of $84.74 billion, a PE ratio of 32.54, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 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%. On average, analysts anticipate 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.