Canada Post Corp Registered Pension Plan Acquires 4,680 Shares of Airbnb, Inc. $ABNB

Canada Post Corp Registered Pension Plan lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 122.5% in the 4th quarter, HoldingsChannel reports. The fund owned 8,500 shares of the company’s stock after purchasing an additional 4,680 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Airbnb were worth $1,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ABNB. Caxton Associates LLP bought a new stake in shares of Airbnb during the first quarter worth about $258,000. Intech Investment Management LLC increased its position in shares of Airbnb by 55.8% during the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock worth $1,453,000 after acquiring an additional 4,353 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Airbnb by 18.8% during the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after acquiring an additional 927 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Airbnb during the second quarter worth about $411,000. Finally, NewEdge Advisors LLC increased its position in shares of Airbnb by 9.8% during the second quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock worth $7,153,000 after acquiring an additional 4,811 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Up 1.1%

Airbnb stock opened at $134.30 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market cap of $80.94 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 1.42 and a beta of 1.20. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25. The firm’s 50-day simple moving average is $133.53 and its 200 day simple moving average is $129.66.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Research analysts predict that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ABNB shares. Rodman & Renshaw started coverage on shares of Airbnb in a report on Monday, May 4th. They set a “buy” rating on the stock. Citigroup restated an “outperform” rating on shares of Airbnb in a report on Friday, May 8th. Truist Financial upgraded shares of Airbnb from a “sell” rating to a “hold” rating and boosted their price target for the stock from $107.00 to $129.00 in a report on Thursday, March 26th. B. Riley Financial restated a “buy” rating on shares of Airbnb in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $170.00 price target on shares of Airbnb in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.67.

Insider Transactions at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 60,136 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $145.70, for a total value of $8,761,815.20. Following the transaction, the insider directly owned 11,920 shares in the company, valued at $1,736,744. The trade was a 83.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $126.16, for a total transaction of $7,317,280.00. Following the completion of the transaction, the director owned 170,015 shares in the company, valued at approximately $21,449,092.40. The trade was a 25.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 459,838 shares of company stock worth $62,185,245. Corporate insiders own 27.21% of the company’s stock.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.