New York State Teachers Retirement System Sells 52,373 Shares of Airbnb, Inc. (NASDAQ:ABNB)

New York State Teachers Retirement System cut its stake in Airbnb, Inc. (NASDAQ:ABNB) by 12.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 354,028 shares of the company’s stock after selling 52,373 shares during the period. New York State Teachers Retirement System’s holdings in Airbnb were worth $46,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. CAP Partners LLC increased its position in shares of Airbnb by 3.6% during the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after purchasing an additional 77 shares in the last quarter. Salvus Wealth Management LLC increased its position in shares of Airbnb by 2.5% during the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after purchasing an additional 84 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Airbnb by 19.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after purchasing an additional 94 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Airbnb by 2.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after purchasing an additional 97 shares in the last quarter. Finally, Y.D. More Investments Ltd increased its position in shares of Airbnb by 3.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,461 shares of the company’s stock worth $455,000 after purchasing an additional 100 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Up 14.4 %

Airbnb stock opened at $161.42 on Friday. The company’s 50 day simple moving average is $133.49 and its 200 day simple moving average is $130.17. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market capitalization of $102.34 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share 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%. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 3.97 EPS for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred 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 owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. The trade was a 95.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction that occurred 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 directly owns 164,850 shares in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,608,005 shares of company stock valued at $214,394,023. 27.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Benchmark increased their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday. B. Riley increased their target price on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday. Robert W. Baird upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $140.00 to $175.00 in a research report on Friday. Susquehanna raised their price objective on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Monday, November 11th. Finally, Barclays raised their price objective on shares of Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research report on Friday. Five investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Airbnb has an average rating of “Hold” and an average target price of $145.79.

Airbnb Company 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.