Banque Cantonale Vaudoise Reduces Position in Airbnb, Inc. (NASDAQ:ABNB)

Banque Cantonale Vaudoise cut its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 38.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,749 shares of the company’s stock after selling 1,688 shares during the period. Banque Cantonale Vaudoise’s holdings in Airbnb were worth $454,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. CVA Family Office LLC bought a new stake in Airbnb during the 4th quarter valued at about $26,000. Orion Capital Management LLC bought a new stake in Airbnb during the 3rd quarter valued at about $27,000. Bfsg LLC bought a new stake in Airbnb during the 4th quarter valued at about $27,000. Trust Co. of Vermont bought a new stake in Airbnb during the 4th quarter valued at about $27,000. Finally, Vima LLC bought a new stake in Airbnb during the 4th quarter valued at about $29,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Up 1.1 %

ABNB stock opened at $149.57 on Friday. The firm’s fifty day simple moving average is $151.09 and its 200-day simple moving average is $150.49. The company has a market capitalization of $96.33 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.83 and a beta of 1.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb, Inc. has a 12 month low of $113.24 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the firm posted $0.18 earnings per share. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. As a group, equities research analysts forecast that Airbnb, Inc. will post 4.66 earnings per share for the current year.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 44,990 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total transaction of $6,750,299.60. Following the completion of the transaction, the director now directly owns 46,467 shares in the company, valued at $6,971,908.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Joseph Gebbia sold 44,990 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total value of $6,750,299.60. Following the completion of the sale, the director now directly owns 46,467 shares in the company, valued at $6,971,908.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $160.71, for a total transaction of $96,426.00. Following the completion of the sale, the chief technology officer now owns 143,131 shares of the company’s stock, valued at $23,002,583.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 311,930 shares of company stock worth $46,446,212. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price objective on shares of Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a report on Thursday, May 9th. Truist Financial boosted their price target on shares of Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Piper Sandler restated a “neutral” rating and issued a $155.00 price target (up previously from $145.00) on shares of Airbnb in a report on Thursday, May 9th. Wells Fargo & Company boosted their price target on shares of Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a report on Monday, April 1st. Finally, Tigress Financial boosted their price target on shares of 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 given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average price target of $152.38.

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.