Healthcare of Ontario Pension Plan Trust Fund Makes New $41.69 Million Investment in Airbnb, Inc. (NASDAQ:ABNB)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Airbnb, Inc. (NASDAQ:ABNB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 328,735 shares of the company’s stock, valued at approximately $41,687,000.

Several other large investors have also added to or reduced their stakes in the stock. Farrow Financial Inc. boosted its stake in Airbnb by 1.0% in the 2nd quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after purchasing an additional 69 shares during the period. GYL Financial Synergies LLC boosted its position in shares of Airbnb by 5.0% during the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after acquiring an additional 76 shares during the last quarter. HB Wealth Management LLC boosted its position in shares of Airbnb by 1.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock valued at $749,000 after acquiring an additional 76 shares during the last quarter. Optas LLC boosted its position in shares of Airbnb by 4.5% during the 2nd quarter. Optas LLC now owns 1,829 shares of the company’s stock valued at $277,000 after acquiring an additional 78 shares during the last quarter. Finally, Sage Mountain Advisors LLC boosted its position in shares of Airbnb by 1.1% during the 2nd quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock valued at $1,113,000 after acquiring an additional 79 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ABNB shares. Phillip Securities reiterated a “reduce” rating and set a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. UBS Group raised their price objective on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Raymond James assumed coverage on Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target on the stock. Wedbush lifted their price target on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, DA Davidson lifted their price target on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average price target of $138.97.

Insiders Place Their Bets

In other news, CEO Brian Chesky sold 76,923 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the transaction, the chief executive officer now owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $72,000.00. Following 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 a total of 718,017 shares of company stock worth $91,842,052 over the last quarter. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Stock Down 1.0 %

Airbnb stock opened at $138.28 on Thursday. The stock has a market cap of $87.67 billion, a PE ratio of 48.52, a price-to-earnings-growth ratio of 2.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a fifty day moving average of $133.86 and a 200 day moving average of $135.47.

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