Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,577 shares of the company’s stock after selling 1,006 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Airbnb were worth $5,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp purchased a new stake in Airbnb in the first quarter valued at approximately $7,628,000. SteelPeak Wealth LLC increased its holdings in shares of Airbnb by 17.2% during the 1st quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company’s stock worth $1,107,000 after buying an additional 985 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Airbnb by 20.6% in the 1st quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock worth $80,644,000 after buying an additional 83,383 shares during the period. Shellback Capital LP acquired a new position in Airbnb in the second quarter valued at $22,744,000. Finally, State of Tennessee Treasury Department grew its position in Airbnb by 35.8% during the fourth quarter. State of Tennessee Treasury Department now owns 143,254 shares of the company’s stock valued at $19,503,000 after acquiring an additional 37,785 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $145.88, for a total value of $145,880.00. Following the sale, the chief accounting officer now directly owns 44,043 shares in the company, valued at $6,424,992.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $152.92, for a total value of $91,752.00. Following the completion of the sale, the chief technology officer now owns 208,174 shares of the company’s stock, valued at $31,833,968.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $145.88, for a total transaction of $145,880.00. Following the sale, the chief accounting officer now owns 44,043 shares in the company, valued at $6,424,992.84. The disclosure for this sale can be found here. Insiders sold a total of 629,312 shares of company stock worth $85,527,092 in the last three months. 27.83% of the stock is owned by insiders.

Airbnb Trading Up 0.6 %

Airbnb stock opened at $126.18 on Thursday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm’s 50-day moving average is $122.46 and its 200-day moving average is $142.62. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $81.27 billion, a P/E ratio of 16.89, a PEG ratio of 1.72 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. On average, equities analysts expect that Airbnb, Inc. will post 4.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ABNB. Barclays cut their price objective on Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Benchmark reaffirmed a “buy” rating and set a $155.00 price target on shares of Airbnb in a research report on Monday, August 26th. Piper Sandler dropped their price objective on shares of Airbnb from $155.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada reduced their target price on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, Sanford C. Bernstein lowered their price target on Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, September 17th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $134.16.

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.