First Hawaiian Bank Acquires 4,094 Shares of Airbnb, Inc. (NASDAQ:ABNB)

First Hawaiian Bank grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 161.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,631 shares of the company’s stock after acquiring an additional 4,094 shares during the period. First Hawaiian Bank’s holdings in Airbnb were worth $871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Airbnb during the 3rd quarter valued at $34,982,000. Tri Ri Asset Management Corp purchased a new position in shares of Airbnb during the 3rd quarter valued at $6,352,000. J.W. Cole Advisors Inc. lifted its stake in shares of Airbnb by 86.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after buying an additional 2,132 shares in the last quarter. Shellback Capital LP purchased a new position in shares of Airbnb during the 2nd quarter valued at $22,744,000. Finally, Bradley Foster & Sargent Inc. CT lifted its stake in shares of Airbnb by 1,231.3% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock valued at $3,145,000 after buying an additional 19,183 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the transaction, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the sale, the chief accounting officer now owns 40,581 shares in the company, valued at $5,559,597. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 955,057 shares of company stock worth $128,033,252. 27.83% of the stock is owned by corporate insiders.

Airbnb Trading Down 0.9 %

Shares of NASDAQ:ABNB opened at $129.63 on Friday. The company’s 50 day moving average is $134.98 and its two-hundred day moving average is $132.80. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market cap of $82.18 billion, a PE ratio of 45.48, a P/E/G ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the company earned $2.39 EPS. Equities analysts predict that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ABNB. Phillip Securities restated a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. Raymond James started coverage on shares of Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target on the stock. Mizuho decreased their price target on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, September 13th. Citigroup boosted their price target on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, UBS Group boosted their price target on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $139.48.

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.