Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in Airbnb, Inc. (NASDAQ:ABNB) by 72.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,722 shares of the company’s stock after selling 247,309 shares during the quarter. Retirement Systems of Alabama’s holdings in Airbnb were worth $12,316,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the third quarter worth $25,000. Hollencrest Capital Management lifted its position in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the period. Berbice Capital Management LLC purchased a new stake in Airbnb during the 4th quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Airbnb in the third quarter valued at about $30,000. Finally, Quarry LP acquired a new position in shares of Airbnb in the third quarter valued at about $55,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ABNB. Susquehanna upped their target price on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Monday, November 11th. Barclays upped their price objective on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, November 8th. UBS Group raised their target price on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a report on Tuesday. Finally, Phillip Securities reaffirmed a “reduce” rating and set a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $139.63.

Airbnb Trading Up 1.8 %

Shares of ABNB stock opened at $134.98 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company’s 50-day moving average price is $132.98 and its 200-day moving average price is $130.17. The stock has a market cap of $85.57 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 1.72 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the previous year, the firm earned $2.39 earnings per share. As a group, equities analysts predict that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the transaction, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. The trade was a 0.61 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,417,704 shares of company stock worth $187,654,829. Insiders own 27.83% of the company’s stock.

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.