Kentucky Retirement Systems Insurance Trust Fund Has $2.37 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Kentucky Retirement Systems Insurance Trust Fund lowered its stake in Airbnb, Inc. (NASDAQ:ABNB) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,374 shares of the company’s stock after selling 1,114 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Airbnb were worth $2,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ABNB. CVA Family Office LLC acquired a new stake in Airbnb in the fourth quarter valued at $26,000. Bfsg LLC bought a new stake in shares of Airbnb in the 4th quarter valued at about $27,000. Trust Co. of Vermont acquired a new stake in Airbnb in the 4th quarter valued at about $27,000. Vima LLC bought a new position in Airbnb during the fourth quarter worth about $29,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Airbnb during the fourth quarter worth about $30,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

ABNB traded up $0.07 during trading on Friday, hitting $140.10. 5,101,418 shares of the stock traded hands, compared to its average volume of 3,544,985. The business has a 50 day moving average price of $147.78 and a 200 day moving average price of $152.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb, Inc. has a twelve month low of $113.24 and a twelve month high of $170.10. The company has a market cap of $90.23 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 1.73 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.18. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 EPS. Equities research analysts forecast that Airbnb, Inc. will post 4.66 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $162.00, for a total transaction of $97,200.00. Following the sale, the chief technology officer now directly owns 219,904 shares of the company’s stock, valued at approximately $35,624,448. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $162.00, for a total transaction of $97,200.00. Following the sale, the chief technology officer now owns 219,904 shares of the company’s stock, valued at approximately $35,624,448. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian Chesky sold 115,385 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $149.11, for a total value of $17,205,057.35. Following the sale, the chief executive officer now owns 13,798,917 shares in the company, valued at approximately $2,057,556,513.87. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 736,092 shares of company stock valued at $109,519,936. 27.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Citigroup cut their price objective on Airbnb from $170.00 to $167.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. B. Riley Financial initiated coverage on Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target for the company. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Thursday, May 9th. UBS Group raised their target price on shares of Airbnb from $143.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Finally, Morgan Stanley lifted their target price on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $152.50.

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.