Kentucky Retirement Systems Sells 417 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Kentucky Retirement Systems trimmed its position in Airbnb, Inc. (NASDAQ:ABNB) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,236 shares of the company’s stock after selling 417 shares during the period. Kentucky Retirement Systems’ holdings in Airbnb were worth $3,973,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CAP Partners LLC raised its position in Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after buying an additional 77 shares during the last quarter. Manchester Capital Management LLC grew its stake in shares of Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after acquiring an additional 81 shares in the last quarter. Salvus Wealth Management LLC raised its holdings in shares of Airbnb by 2.5% in the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after purchasing an additional 84 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after purchasing an additional 94 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in Airbnb by 2.7% during the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after purchasing an additional 97 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several recent research reports. Evercore ISI lifted their price target on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Truist Financial lowered their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Wells Fargo & Company reduced their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and raised their price target for the company from $140.00 to $175.00 in a research note on Friday, February 14th. Finally, DA Davidson upped their price objective on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $147.00.

Airbnb Stock Down 5.9 %

Shares of ABNB opened at $146.07 on Friday. 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, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The firm’s 50 day moving average is $135.45 and its 200-day moving average is $130.96. The stock has a market capitalization of $92.60 billion, a PE ratio of 35.37, a P/E/G ratio of 3.81 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last posted 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%. Equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 76,923 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the sale, the chief executive officer now owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. This trade represents a 0.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total transaction of $112,735.00. Following the completion of the transaction, the chief technology officer now directly owns 180,514 shares in the company, valued at $29,071,779.70. This trade represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,950,540 shares of company stock worth $275,598,944. Company insiders own 27.83% of the company’s stock.

About Airbnb

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.