Bullish
Swiss National Bank increases Airbnb stake by 7.4%, now holding 1.26 million shares
In the first quarter, the Swiss National Bank boosted its holdings in Airbnb by 7.4%, acquiring an additional 86,600 shares, bringing its total to 1,262,900 shares valued at approximately $159.5 million. This move reflects growing institutional confidence in Airbnb's prospects. Additionally, Jefferies raised its price target for Airbnb to $175, citing product momentum and positive market sentiment.
Key points
- Swiss National Bank increases Airbnb stake by 7.4%, now holding 1.26 million shares
- Jefferies raises Airbnb stock price target to $175, citing product momentum
Sources
AI-generated from public news sources. Not financial advice.
