Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,743 shares of the company’s stock after acquiring an additional 1,284 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Airbnb were worth $8,169,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellesley Asset Management purchased a new stake in shares of Airbnb in the 1st quarter valued at about $121,000. JNBA Financial Advisors purchased a new stake in shares of Airbnb in the 1st quarter valued at about $25,000. Key Financial Inc purchased a new stake in shares of Airbnb in the 1st quarter valued at about $25,000. Beacon Capital Management LLC purchased a new stake in shares of Airbnb in the 2nd quarter valued at about $27,000. Finally, WealthPLAN Partners LLC purchased a new stake in shares of Airbnb in the 1st quarter valued at about $33,000. 44.19% of the stock is owned by institutional investors and hedge funds.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $126.68 on Wednesday. The business’s fifty day moving average price is $128.61 and its two-hundred day moving average price is $127.91. The stock has a market cap of $82.14 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.78 and a current ratio of 1.78. Airbnb, Inc. has a one year low of $81.91 and a one year high of $154.95.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 166,667 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $125.30, for a total transaction of $20,883,375.10. Following the transaction, the director now owns 1,500,102 shares of the company’s stock, valued at approximately $187,962,780.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Joseph Gebbia sold 166,667 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $125.30, for a total value of $20,883,375.10. Following the transaction, the director now directly owns 1,500,102 shares of the company’s stock, valued at approximately $187,962,780.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 150,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $150.06, for a total value of $22,509,000.00. Following the completion of the transaction, the chief executive officer now directly owns 16,698,931 shares in the company, valued at $2,505,841,585.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 686,923 shares of company stock worth $92,478,060. 30.84% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on Airbnb from $130.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Evercore ISI upped their price objective on Airbnb from $145.00 to $168.00 in a research note on Friday, August 4th. Wells Fargo & Company reduced their price objective on Airbnb from $114.00 to $111.00 in a research note on Thursday, October 5th. Wedbush reduced their price objective on Airbnb from $145.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Finally, Credit Suisse Group upped their price objective on Airbnb from $150.00 to $165.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $142.97.

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 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.