Teachers Retirement System of The State of Kentucky Has $7.36 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Teachers Retirement System of The State of Kentucky grew its holdings in Airbnb, Inc. (NASDAQ:ABNBGet Rating) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,867 shares of the company’s stock after purchasing an additional 3,185 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Airbnb were worth $7,363,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ABNB. CWM LLC lifted its stake in shares of Airbnb by 2.5% in the first quarter. CWM LLC now owns 2,699 shares of the company’s stock valued at $464,000 after buying an additional 65 shares during the period. Asset Dedication LLC lifted its stake in shares of Airbnb by 46.4% in the first quarter. Asset Dedication LLC now owns 224 shares of the company’s stock valued at $39,000 after buying an additional 71 shares during the period. Foundations Investment Advisors LLC lifted its stake in shares of Airbnb by 1.6% in the first quarter. Foundations Investment Advisors LLC now owns 4,703 shares of the company’s stock valued at $803,000 after buying an additional 72 shares during the period. Tsfg LLC lifted its stake in shares of Airbnb by 42.7% in the first quarter. Tsfg LLC now owns 264 shares of the company’s stock valued at $45,000 after buying an additional 79 shares during the period. Finally, UMB Bank N A MO lifted its stake in shares of Airbnb by 25.0% in the first quarter. UMB Bank N A MO now owns 440 shares of the company’s stock valued at $76,000 after buying an additional 88 shares during the period. 39.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Joseph Gebbia sold 15,525 shares of the business’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $100.85, for a total value of $1,565,696.25. Following the completion of the transaction, the insider now owns 200,552 shares of the company’s stock, valued at approximately $20,225,669.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CTO Aristotle N. Balogh sold 2,500 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $92.55, for a total value of $231,375.00. Following the completion of the transaction, the chief technology officer now directly owns 261,203 shares of the company’s stock, valued at approximately $24,174,337.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph Gebbia sold 15,525 shares of the company’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $100.85, for a total transaction of $1,565,696.25. Following the completion of the transaction, the insider now directly owns 200,552 shares of the company’s stock, valued at $20,225,669.20. The disclosure for this sale can be found here. Insiders sold 845,669 shares of company stock valued at $96,323,645 in the last quarter. Company insiders own 32.69% of the company’s stock.

Airbnb Price Performance

ABNB opened at $118.75 on Friday. The company has a fifty day moving average price of $112.90 and a two-hundred day moving average price of $126.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.58. Airbnb, Inc. has a 52 week low of $86.71 and a 52 week high of $212.58. The firm has a market capitalization of $77.03 billion, a PE ratio of 64.89 and a beta of 1.14.

Airbnb (NASDAQ:ABNBGet Rating) last released its earnings results on Tuesday, August 2nd. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. Airbnb had a net margin of 16.91% and a return on equity of 26.03%. During the same quarter last year, the firm posted ($0.11) earnings per share. As a group, analysts anticipate that Airbnb, Inc. will post 2.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Royal Bank of Canada cut their price target on shares of Airbnb from $175.00 to $115.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 3rd. Wolfe Research cut their price target on shares of Airbnb from $130.00 to $110.00 and set a “peer perform” rating for the company in a research note on Wednesday, June 15th. The Goldman Sachs Group cut their price target on shares of Airbnb from $150.00 to $95.00 and set a “sell” rating for the company in a research note on Thursday, June 9th. Truist Financial cut their price target on shares of Airbnb from $160.00 to $120.00 and set a “hold” rating for the company in a research note on Thursday, July 14th. Finally, Argus assumed coverage on shares of Airbnb in a research note on Tuesday, July 26th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $159.15.

About Airbnb

(Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

Further Reading

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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