Zions Bancorporation N.A. Buys 19,693 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Zions Bancorporation N.A. increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 10,419.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,882 shares of the company’s stock after purchasing an additional 19,693 shares during the period. Zions Bancorporation N.A.’s holdings in Airbnb were worth $2,613,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Verde Capital Management boosted its stake in Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after buying an additional 4,269 shares in the last quarter. Tri Ri Asset Management Corp bought a new stake in shares of Airbnb during the third quarter worth $6,352,000. Baltimore Washington Financial Advisors Inc. increased its stake in shares of Airbnb by 14.8% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after buying an additional 6,357 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after buying an additional 197,558 shares during the last quarter. Finally, Sarasin & Partners LLP acquired a new position in Airbnb during the 4th quarter worth about $2,272,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In related news, CEO Brian Chesky sold 230,772 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 transaction, the chief technology officer now owns 185,414 shares in the company, valued at approximately $24,450,544.18. This represents a 9.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,055,909 shares of company stock worth $289,763,290 over the last 90 days. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of research analyst reports. Bank of America boosted their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Robert W. Baird reduced their price objective on Airbnb from $175.00 to $160.00 and set an “outperform” rating on the stock in a report on Tuesday. Tigress Financial lifted their target price on Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, March 14th. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company lowered their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $147.36.

Airbnb Trading Up 0.0 %

NASDAQ ABNB opened at $129.88 on Wednesday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.00. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $135.79 and a 200-day moving average of $133.64. The company has a market cap of $81.89 billion, a PE ratio of 31.45, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

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.