Generali Asset Management SPA SGR Takes $1.86 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Generali Asset Management SPA SGR purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,126 shares of the company’s stock, valued at approximately $1,856,000.

A number of other institutional investors also recently modified their holdings of the company. CAP Partners LLC lifted 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 valued at $293,000 after purchasing an additional 77 shares in the last quarter. Lindbrook Capital LLC lifted 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 valued at $728,000 after purchasing an additional 78 shares in the last quarter. Manchester Capital Management LLC lifted 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 valued at $69,000 after purchasing an additional 81 shares in the last quarter. Salvus Wealth Management LLC lifted 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 valued at $455,000 after purchasing an additional 84 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted 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 valued at $74,000 after purchasing an additional 94 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the completion of the sale, the chief executive officer now directly owns 12,537,369 shares in the company, valued at $1,674,741,751.02. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total value of $88,200.00. Following the sale, the chief technology officer now owns 171,419 shares of the company’s stock, valued at $21,598,794. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,094,370 shares of company stock worth $294,900,910 over the last three months. Insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ABNB. Morgan Stanley upped their target price on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Truist Financial dropped their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a report on Friday, February 14th. Wells Fargo & Company dropped their target price on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Finally, DA Davidson upped their target price on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average price target of $148.15.

Airbnb Trading Up 0.1 %

Shares of NASDAQ:ABNB opened at $126.15 on Friday. The company has a market capitalization of $79.54 billion, a P/E ratio of 30.54, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. 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 business’s 50 day simple moving average is $135.74 and its 200 day simple moving average is $133.10.

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

Airbnb 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.