Commerzbank Aktiengesellschaft FI Has $565,000 Stake in Airbnb, Inc. (NASDAQ:ABNB)

Commerzbank Aktiengesellschaft FI grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,285 shares of the company’s stock after buying an additional 95 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Airbnb were worth $565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. CAP Partners LLC grew its position in 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 during the last quarter. Manchester Capital Management LLC grew its position in Airbnb by 18.2% in the 4th 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 last quarter. Salvus Wealth Management LLC grew its position in Airbnb by 2.5% in the 4th 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 last quarter. First Horizon Advisors Inc. grew its position 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 purchasing an additional 94 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its position in Airbnb by 2.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after purchasing an additional 97 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Finally, Wells Fargo & Company decreased their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $146.48.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total value of $89,705.00. Following the completion of the sale, the chief technology officer now owns 182,614 shares of the company’s stock, valued at approximately $23,401,984.10. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.49, for a total transaction of $5,288,002.89. Following the completion of the transaction, the chief executive officer now owns 12,577,839 shares of the company’s stock, valued at $1,729,327,084.11. This trade represents a 0.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,087,020 shares of company stock valued at $295,392,297. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Up 0.3 %

ABNB opened at $141.42 on Wednesday. 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 company has a market cap of $89.17 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 3.52 and a beta of 1.12. The firm has a 50 day simple moving average of $136.78 and a 200 day simple moving average of $132.36. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping 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, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current 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.