44,343 Shares in Airbnb, Inc. (NASDAQ:ABNB) Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB – Get Rating) during the third quarter, HoldingsChannel reports. The institutional investor bought 44,343 shares of the company’s stock, valued at approximately $4,658,000.

A number of other hedge funds have also recently bought and sold shares of ABNB. Mirae Asset Global Investments Co. Ltd. increased its stake in Airbnb by 9.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 772,642 shares of the company’s stock worth $132,709,000 after purchasing an additional 63,601 shares in the last quarter. TradeLink Capital LLC purchased a new position in Airbnb in the 1st quarter worth about $945,000. Synovus Financial Corp increased its stake in Airbnb by 22.5% in the 1st quarter. Synovus Financial Corp now owns 1,490 shares of the company’s stock worth $256,000 after purchasing an additional 274 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Airbnb by 27.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,519 shares of the company’s stock worth $433,000 after purchasing an additional 549 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Airbnb in the 1st quarter worth about $2,125,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In other news, CAO David C. Bernstein sold 12,382 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $140.00, for a total transaction of $1,733,480.00. Following the completion of the transaction, the chief accounting officer now directly owns 50,171 shares in the company, valued at $7,023,940. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CAO David C. Bernstein sold 12,382 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $140.00, for a total transaction of $1,733,480.00. Following the completion of the transaction, the chief accounting officer now directly owns 50,171 shares in the company, valued at $7,023,940. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph Gebbia sold 1,250,000 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $124.06, for a total value of $155,075,000.00. Following the transaction, the director now owns 8,250,102 shares of the company’s stock, valued at $1,023,507,654.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,066,863 shares of company stock valued at $256,807,889. Corporate insiders own 32.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ABNB shares. Morgan Stanley lifted their price target on Airbnb from $80.00 to $100.00 and gave the stock an “underweight” rating in a research note on Thursday, February 16th. Barclays raised their price objective on Airbnb from $105.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 15th. Evercore ISI raised their price objective on Airbnb from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 15th. Robert W. Baird raised their price objective on Airbnb from $100.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 15th. Finally, Argus upgraded Airbnb from a “hold” rating to a “buy” rating and set a $144.00 price objective for the company in a research report on Tuesday, February 28th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $140.52.

Airbnb Stock Down 1.5 %

Shares of ABNB stock opened at $118.15 on Friday. The stock’s 50 day simple moving average is $115.22 and its 200 day simple moving average is $107.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.86 and a current ratio of 1.86. Airbnb, Inc. has a twelve month low of $81.91 and a twelve month high of $179.09. The company has a market capitalization of $75.68 billion, a price-to-earnings ratio of 42.20, a PEG ratio of 1.80 and a beta of 1.15.

Airbnb (NASDAQ:ABNB – Get Rating) last issued its quarterly earnings data on Tuesday, February 14th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.21. Airbnb had a return on equity of 35.92% and a net margin of 22.54%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business earned $0.08 EPS. The firm’s revenue was up 24.2% compared to the same quarter last year. As a group, research analysts predict that Airbnb, Inc. will post 3.38 EPS for the current year.

Airbnb Company Profile

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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.