Cumberland Partners Ltd Increases Position in Airbnb, Inc. (NASDAQ:ABNB)

Cumberland Partners Ltd grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,040 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Cumberland Partners Ltd’s holdings in Airbnb were worth $3,137,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Compagnie Lombard Odier SCmA raised its holdings in Airbnb by 34.7% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock worth $4,304,000 after purchasing an additional 8,140 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Airbnb by 4.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock worth $1,119,000 after acquiring an additional 333 shares in the last quarter. Nordea Investment Management AB lifted its position in Airbnb by 27.5% in the fourth quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock valued at $172,742,000 after acquiring an additional 273,191 shares during the last quarter. LGT Group Foundation boosted its stake in Airbnb by 8.1% in the third quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock valued at $43,227,000 after acquiring an additional 23,716 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Airbnb by 14.4% in the 4th quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock valued at $13,011,000 after purchasing an additional 12,008 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 78,682 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the transaction, the chief technology officer now directly owns 144,331 shares in the company, valued at approximately $24,435,238.30. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Airbnb news, Director Jeffrey D. Jordan sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $150.00, for a total value of $1,200,000.00. Following the sale, the director now owns 151,646 shares in the company, valued at $22,746,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the transaction, the chief technology officer now owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 463,674 shares of company stock valued at $73,516,515. 30.84% of the stock is currently owned by insiders.

Airbnb Stock Up 2.8 %

ABNB stock traded up $4.34 during midday trading on Tuesday, hitting $160.95. 3,434,315 shares of the company’s stock were exchanged, compared to its average volume of 4,580,027. The stock has a market capitalization of $104.15 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average price of $159.80 and a 200-day moving average price of $142.89. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS 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 during the quarter, compared to the consensus estimate of $2.16 billion. On average, analysts anticipate that Airbnb, Inc. will post 4.63 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on ABNB. Piper Sandler lifted their price objective on shares of Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. B. Riley assumed coverage on Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target on the stock. Wells Fargo & Company upped their price objective on Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a research note on Monday, April 1st. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Thursday, April 11th. Finally, Tigress Financial boosted their target price on Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, April 5th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average price target of $147.58.

Airbnb Company 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.