Illinois Municipal Retirement Fund Sells 19,268 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Illinois Municipal Retirement Fund trimmed its position in Airbnb, Inc. (NASDAQ:ABNB) by 35.7% during the 4th quarter, HoldingsChannel reports. The firm owned 34,702 shares of the company’s stock after selling 19,268 shares during the period. Illinois Municipal Retirement Fund’s holdings in Airbnb were worth $4,560,000 as of its most recent filing with the SEC.

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

Airbnb Price Performance

Shares of ABNB opened at $144.03 on Thursday. The stock has a market capitalization of $90.82 billion, a PE ratio of 34.87, a PEG ratio of 3.52 and a beta of 1.12. The company has a 50 day moving average price of $136.22 and a 200-day moving average price of $131.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share 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 analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on ABNB. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Susquehanna boosted their price objective on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Tuesday, February 18th. Phillip Securities reaffirmed a “reduce” rating and issued a $120.00 price objective on shares of Airbnb in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $146.48.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the completion of the sale, the chief technology officer now owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the transaction, the chief executive officer now directly owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,876,329 shares of company stock worth $265,258,279 over the last quarter. Insiders own 27.83% of the company’s stock.

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.