Commerzbank Aktiengesellschaft FI Acquires Shares of 1,949 Airbnb, Inc. (NASDAQ:ABNB)

Commerzbank Aktiengesellschaft FI acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,949 shares of the company’s stock, valued at approximately $266,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ABNB. CWM LLC raised its stake in Airbnb by 60.3% in the third quarter. CWM LLC now owns 6,628 shares of the company’s stock valued at $909,000 after buying an additional 2,493 shares during the period. Arkadios Wealth Advisors increased its stake in shares of Airbnb by 11.3% during the third quarter. Arkadios Wealth Advisors now owns 3,190 shares of the company’s stock worth $438,000 after purchasing an additional 324 shares during the period. HB Wealth Management LLC increased its stake in shares of Airbnb by 15.7% during the third quarter. HB Wealth Management LLC now owns 3,018 shares of the company’s stock worth $414,000 after purchasing an additional 409 shares during the period. Flagship Harbor Advisors LLC increased its stake in shares of Airbnb by 10.3% during the third quarter. Flagship Harbor Advisors LLC now owns 7,992 shares of the company’s stock worth $1,097,000 after purchasing an additional 748 shares during the period. Finally, Impact Partnership Wealth LLC increased its stake in shares of Airbnb by 286.8% during the third quarter. Impact Partnership Wealth LLC now owns 499 shares of the company’s stock worth $68,000 after purchasing an additional 370 shares during the period. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Mizuho increased their target price on Airbnb from $130.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Thursday, April 11th. B. Riley began coverage on Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price on the stock. B. Riley Financial began coverage on Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $147.58.

Airbnb Stock Up 1.0 %

ABNB stock opened at $156.61 on Tuesday. The stock’s 50 day simple moving average is $159.60 and its 200 day simple moving average is $142.65. Airbnb, Inc. has a fifty-two week low of $103.55 and a fifty-two week high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $101.34 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. On average, research analysts expect that Airbnb, Inc. will post 4.63 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total value of $97,800.00. Following the completion of the sale, the chief technology officer now directly owns 144,931 shares of the company’s stock, valued at $23,623,753. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total value of $97,800.00. Following the completion of the sale, the chief technology officer now directly owns 144,931 shares of the company’s stock, valued at $23,623,753. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey D. Jordan sold 8,000 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $150.00, for a total value of $1,200,000.00. Following the completion of the sale, the director now directly owns 151,646 shares of the company’s stock, valued at $22,746,900. The disclosure for this sale can be found here. Insiders sold a total of 463,674 shares of company stock valued at $73,516,515 over the last ninety days. 30.84% of the stock is currently owned by insiders.

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.