Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 538,675 shares of the company’s stock after purchasing an additional 200 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Airbnb worth $70,787,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of Airbnb in the 4th quarter worth $25,000. Northwest Investment Counselors LLC purchased a new position in Airbnb in the third quarter valued at about $25,000. Berbice Capital Management LLC purchased a new position in Airbnb in the fourth quarter valued at about $26,000. Hollencrest Capital Management raised its position in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb during the third quarter worth about $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ABNB. Wedbush reaffirmed an “outperform” rating and set a $155.00 target price on shares of Airbnb in a research report on Tuesday, February 4th. Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. JMP Securities reissued a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Finally, Bank of America upped their price target on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average target price of $147.00.

Insider Transactions at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction on Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares in the company, valued at approximately $5,559,597. The trade was a 2.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the transaction, the chief technology officer now owns 185,414 shares of the company’s stock, valued at approximately $25,218,158.14. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,834,455 shares of company stock valued at $256,987,686. 27.83% of the stock is owned by corporate insiders.

Airbnb Price Performance

NASDAQ ABNB opened at $157.83 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a 50-day simple moving average of $134.80 and a 200 day simple moving average of $130.65. The stock has a market capitalization of $100.06 billion, a PE ratio of 38.22, a P/E/G ratio of 2.38 and a beta of 1.12. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Research analysts anticipate that Airbnb, Inc. will post 4.27 EPS for the current year.

Airbnb Company 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.