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

New York State Teachers Retirement System reduced its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 406,401 shares of the company’s stock after selling 17,804 shares during the period. New York State Teachers Retirement System’s holdings in Airbnb were worth $51,536,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ABNB. Jennison Associates LLC grew its holdings in Airbnb by 57.9% in the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock valued at $1,753,860,000 after purchasing an additional 3,899,179 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Airbnb by 158.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock worth $958,279,000 after acquiring an additional 3,558,178 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Airbnb by 19,052.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock worth $256,784,000 after acquiring an additional 1,684,646 shares during the last quarter. Farallon Capital Management LLC acquired a new stake in shares of Airbnb in the first quarter worth approximately $265,292,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Airbnb by 19,430.3% in the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after acquiring an additional 1,113,747 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Truist Financial lowered their price target on Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. UBS Group lifted their price target on Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. B. Riley lowered their price target on Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley lifted their price objective on Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. Finally, The Goldman Sachs Group reduced their price objective on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $135.35.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $136.11, for a total transaction of $81,666.00. Following the completion of the transaction, the chief technology officer now directly owns 192,844 shares of the company’s stock, valued at $26,247,996.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Elinor Mertz sold 6,250 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $750,000.00. Following the completion of the transaction, the chief financial officer now directly owns 537,072 shares of the company’s stock, valued at $64,448,640. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $136.11, for a total value of $81,666.00. Following the transaction, the chief technology officer now directly owns 192,844 shares of the company’s stock, valued at approximately $26,247,996.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 406,171 shares of company stock valued at $50,208,253 in the last three months. 27.83% of the stock is owned by corporate insiders.

Airbnb Trading Down 0.9 %

Shares of NASDAQ ABNB opened at $136.50 on Thursday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $126.08 and a 200-day simple moving average of $138.50. The stock has a market capitalization of $87.58 billion, a PE ratio of 18.57, a PEG ratio of 1.83 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the firm posted $0.98 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities analysts forecast that Airbnb, Inc. will post 4.33 earnings per share for the current year.

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.