Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,344 shares of the company’s stock after selling 1,594 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Airbnb were worth $3,068,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at approximately $25,000. Berbice Capital Management LLC acquired a new position in Airbnb during the fourth quarter worth $26,000. Whipplewood Advisors LLC acquired a new position in Airbnb during the fourth quarter worth $44,000. Cromwell Holdings LLC raised its holdings in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after purchasing an additional 170 shares during the last quarter. Finally, Quarry LP acquired a new position in Airbnb during the third quarter worth $55,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Price Performance

ABNB stock opened at $126.15 on Friday. The stock has a 50-day moving average price of $135.74 and a two-hundred day moving average price of $133.10. The company has a market cap of $79.54 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the transaction, the chief executive officer now owns 12,537,369 shares in the company, valued at $1,674,741,751.02. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total value of $88,200.00. Following the transaction, the chief technology officer now owns 171,419 shares in the company, valued at approximately $21,598,794. This represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,094,370 shares of company stock worth $294,900,910 over the last quarter. 27.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and set a $155.00 price objective on shares of Airbnb in a report on Tuesday, February 4th. Jefferies Financial Group raised Airbnb from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $165.00 to $185.00 in a report on Monday, March 10th. Morgan Stanley raised their price target on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target for the company in a research report on Friday, February 14th. Finally, Evercore ISI raised their price target on Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Airbnb has a consensus rating of “Hold” and an average target price of $148.15.

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.