Itau Unibanco Holding S.A. Boosts Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Itau Unibanco Holding S.A. boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 45,225.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,238 shares of the company’s stock after buying an additional 12,211 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Airbnb were worth $1,552,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Edgewood Management LLC increased its stake in shares of Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after acquiring an additional 1,143,464 shares during the period. Pacer Advisors Inc. grew its holdings in Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares in the last quarter. Legal & General Group Plc boosted its stake in Airbnb by 4.7% during the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after acquiring an additional 153,784 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Airbnb by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock valued at $343,185,000 after purchasing an additional 52,358 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Airbnb by 3.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock valued at $299,272,000 after buying an additional 80,610 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays raised their price target on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Truist Financial reduced their price target on Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. raised their price target on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Cantor Fitzgerald restated an “underweight” rating and issued a $94.00 price target on shares of Airbnb in a research report on Monday, October 7th. Finally, TD Cowen boosted their price target on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Six analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Airbnb currently has an average rating of “Hold” and an average price target of $138.97.

Insiders Place Their Bets

In other news, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $750,000.00. Following the completion of the sale, the chief financial officer now owns 537,072 shares in the company, valued at $64,448,640. This trade represents a 1.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $72,000.00. Following the completion of the transaction, the chief technology officer now directly owns 195,844 shares of the company’s stock, valued at approximately $23,501,280. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 718,017 shares of company stock worth $91,842,052 over the last three months. Insiders own 27.83% of the company’s stock.

Airbnb Stock Up 1.0 %

NASDAQ ABNB opened at $137.49 on Tuesday. The firm has a market cap of $87.16 billion, a PE ratio of 48.24, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock’s 50 day simple moving average is $134.15 and its 200 day simple moving average is $135.25. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the previous year, the business posted $2.39 EPS. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.02 earnings per share 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.