Teacher Retirement System of Texas Raises Position in Airbnb, Inc. (NASDAQ:ABNB)

Teacher Retirement System of Texas boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 777.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 25,954 shares of the company’s stock after purchasing an additional 22,997 shares during the period. Teacher Retirement System of Texas’ holdings in Airbnb were worth $3,411,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal London Asset Management Ltd. grew its stake in shares of Airbnb by 2.2% during the 4th quarter. Royal London Asset Management Ltd. now owns 251,660 shares of the company’s stock worth $33,071,000 after acquiring an additional 5,520 shares during the period. Trivest Advisors Ltd lifted its holdings in Airbnb by 137.3% during the fourth quarter. Trivest Advisors Ltd now owns 849,500 shares of the company’s stock valued at $111,633,000 after purchasing an additional 491,500 shares during the last quarter. Kazazian Asset Management LLC bought a new position in Airbnb during the fourth quarter worth about $3,004,000. Investment House LLC purchased a new position in shares of Airbnb in the fourth quarter worth about $2,614,000. Finally, Harvest Fund Management Co. Ltd raised its position in shares of Airbnb by 23.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 25,633 shares of the company’s stock valued at $3,338,000 after purchasing an additional 4,919 shares during the period. 80.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ABNB has been the subject of a number of recent research reports. Evercore ISI lifted their price objective on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Jefferies Financial Group upgraded Airbnb from a “hold” rating to a “buy” rating and lifted their price target for the company from $165.00 to $185.00 in a research report on Monday, March 10th. The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and raised their target price for the stock from $110.00 to $153.00 in a research note on Friday, February 14th. Wedbush reiterated an “outperform” rating and set a $155.00 price target on shares of Airbnb in a research report on Tuesday, February 4th. Finally, B. Riley raised their price objective on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus target price of $147.82.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $126.60, for a total value of $4,869,162.60. Following the completion of the sale, the chief executive officer now owns 11,770,144 shares in the company, valued at approximately $1,490,100,230.40. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total value of $2,637,400.00. Following the transaction, the chief technology officer now directly owns 185,414 shares in the company, valued at $24,450,544.18. This trade represents a 9.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,055,909 shares of company stock valued at $289,763,290 in the last quarter. Insiders own 27.83% of the company’s stock.

Airbnb Trading Up 0.8 %

Shares of ABNB stock opened at $129.82 on Tuesday. The business has a 50-day moving average of $135.74 and a 200 day moving average of $133.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.00. The stock has a market capitalization of $81.86 billion, a PE ratio of 31.43, a P/E/G ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating 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%. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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 connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.