Airbnb, Inc. $ABNB Holdings Boosted by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 16.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,025 shares of the company’s stock after purchasing an additional 6,143 shares during the period. Zions Bancorporation National Association UT’s holdings in Airbnb were worth $5,839,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new position in shares of Airbnb in the 3rd quarter valued at about $25,000. ORG Partners LLC increased its holdings in shares of Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares during the period. Entrust Financial LLC acquired a new position in shares of Airbnb in the 4th quarter valued at about $27,000. Sunbelt Securities Inc. increased its holdings in shares of Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the period. Finally, Wiser Advisor Group LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at about $27,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. HC Wainwright upgraded Airbnb to a “buy” rating in a report on Monday, May 4th. UBS Group upped their target price on Airbnb from $153.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Oppenheimer upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price on the stock in a report on Monday, May 4th. HSBC downgraded Airbnb from a “hold” rating to a “hold” rating in a report on Monday, May 4th. Finally, Argus upgraded Airbnb to a “strong-buy” rating in a report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Airbnb currently has an average rating of “Moderate Buy” and an average price target of $157.76.

Airbnb Trading Down 1.7%

NASDAQ:ABNB opened at $129.10 on Thursday. The stock’s 50 day moving average price is $134.67 and its 200 day moving average price is $131.12. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25. The company has a market capitalization of $77.81 billion, a P/E ratio of 31.80, a P/E/G ratio of 1.41 and a beta of 1.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the company posted $0.24 EPS. The company’s quarterly revenue was up 17.9% on a year-over-year basis. On average, research analysts forecast that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 265,746 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the completion of the sale, the chief executive officer owned 11,206,389 shares of the company’s stock, valued at $1,481,708,753.58. This represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 60,136 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $145.70, for a total value of $8,761,815.20. Following the sale, the insider directly owned 11,920 shares of the company’s stock, valued at $1,736,744. The trade was a 83.46% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,677,117 shares of company stock worth $226,595,468. Insiders own 27.21% of the company’s stock.

About Airbnb

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.