Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 12.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 354,028 shares of the company’s stock after selling 52,373 shares during the quarter. New York State Teachers Retirement System owned about 0.06% of Airbnb worth $46,523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ABNB. CX Institutional raised its position in shares of Airbnb by 17.1% during the 3rd quarter. CX Institutional now owns 1,679 shares of the company’s stock worth $213,000 after buying an additional 245 shares in the last quarter. Creative Planning raised its position in shares of Airbnb by 44.0% during the 3rd quarter. Creative Planning now owns 70,442 shares of the company’s stock worth $8,808,000 after buying an additional 21,518 shares in the last quarter. Aaron Wealth Advisors LLC raised its position in shares of Airbnb by 40.2% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 2,932 shares of the company’s stock worth $372,000 after buying an additional 840 shares in the last quarter. Stratos Wealth Advisors LLC raised its position in shares of Airbnb by 277.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 18,194 shares of the company’s stock worth $2,307,000 after buying an additional 13,377 shares in the last quarter. Finally, TriaGen Wealth Management LLC raised its position in shares of Airbnb by 17.5% during the 3rd quarter. TriaGen Wealth Management LLC now owns 16,712 shares of the company’s stock worth $2,119,000 after buying an additional 2,492 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80. Following the transaction, the director now directly owns 10,321 shares in the company, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares in the company, valued at $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,608,005 shares of company stock worth $214,394,023 in the last 90 days. 27.83% of the stock is owned by insiders.

Airbnb Stock Up 14.4 %

Airbnb stock opened at $161.42 on Friday. The firm’s 50 day moving average price is $133.49 and its two-hundred day moving average price is $130.17. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The firm has a market cap of $102.34 billion, a PE ratio of 56.64, a P/E/G ratio of 1.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. On average, research analysts predict that Airbnb, Inc. will post 3.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of recent analyst reports. Canaccord Genuity Group boosted their price target on shares of Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group boosted their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Wedbush reiterated an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a report on Tuesday, February 4th. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Friday. Finally, Benchmark boosted their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday. Five investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $145.79.

About Airbnb

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.