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

Retirement Systems of Alabama decreased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 72.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,722 shares of the company’s stock after selling 247,309 shares during the period. Retirement Systems of Alabama’s holdings in Airbnb were worth $12,316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Northwest Investment Counselors LLC purchased a new position in shares of Airbnb in the 3rd quarter valued at about $25,000. Berbice Capital Management LLC purchased a new position in Airbnb in the fourth quarter worth approximately $26,000. Hollencrest Capital Management grew its holdings 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 in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb in the 3rd quarter valued at approximately $30,000. Finally, Quarry LP acquired a new stake in shares of Airbnb in the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

NASDAQ:ABNB opened at $134.98 on Friday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a market capitalization of $85.57 billion, a P/E ratio of 47.36, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $132.98 and a two-hundred day moving average price of $130.17.

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

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the transaction, the director now directly owns 10,321 shares in the company, valued at approximately $1,352,876.68. The trade was a 95.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total value of $809,875.00. Following the sale, the chief financial officer now owns 484,988 shares in the company, valued at $62,844,745.04. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,417,704 shares of company stock valued at $187,654,829 over the last three months. 27.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Susquehanna increased their target price on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a report on Monday, November 11th. Morgan Stanley raised their price objective on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. DA Davidson boosted their target price on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Robert W. Baird lifted their price target on Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. increased their price objective on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $139.63.

About Airbnb

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.