Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,400 shares of the company’s stock after selling 1,700 shares during the period. Louisiana State Employees Retirement System’s holdings in Airbnb were worth $7,406,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Miracle Mile Advisors LLC grew its holdings in Airbnb by 0.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock worth $1,541,000 after acquiring an additional 68 shares in the last quarter. Farrow Financial Inc. boosted its holdings in shares of Airbnb by 1.0% in the 2nd quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock valued at $1,087,000 after buying an additional 69 shares in the last quarter. Heritage Wealth Advisors increased its position in shares of Airbnb by 55.0% during the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock worth $33,000 after purchasing an additional 71 shares in the last quarter. GYL Financial Synergies LLC lifted its stake in shares of Airbnb by 5.0% in the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock worth $241,000 after acquiring an additional 76 shares during the period. Finally, HB Wealth Management LLC increased its position in Airbnb by 1.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock worth $749,000 after purchasing an additional 76 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Price Performance

Airbnb stock opened at $134.58 on Friday. The stock has a market cap of $86.68 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.83 and a beta of 1.17. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The business’s 50-day simple moving average is $124.97 and its 200 day simple moving average is $139.19.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). The business had revenue of $2.75 billion for 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 quarter in the prior year, the firm posted $0.98 earnings per share. As a group, research analysts anticipate that Airbnb, Inc. will post 4.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several recent analyst reports. Susquehanna reduced their price objective on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating on the stock in a research note on Wednesday, August 7th. BMO Capital Markets dropped their price objective on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Bank of America restated a “hold” rating and issued a $142.00 target price (up from $132.00) on shares of Airbnb in a report on Friday, October 11th. Barclays cut their price target on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Finally, Morgan Stanley lifted their target price on Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. 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 stock. According to data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $135.35.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred 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 transaction, the chief technology officer now 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 Securities & Exchange Commission, which is available through this link. In other Airbnb news, Director Joseph Gebbia sold 42,719 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the transaction, the director now directly owns 16,472 shares in the company, valued at $2,083,378.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $136.11, for a total transaction of $81,666.00. Following the sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 406,171 shares of company stock valued at $50,208,253. 27.83% of the stock is owned by insiders.

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.