14,400 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by New York State Teachers Retirement System

New York State Teachers Retirement System purchased a new stake in Airbnb, Inc. (NASDAQ:ABNBGet Rating) during the third quarter, according to its most recent filing with the SEC. The fund purchased 14,400 shares of the company’s stock, valued at approximately $1,513,000.

Several other hedge funds have also bought and sold shares of the stock. Artisan Partners Limited Partnership increased its holdings in shares of Airbnb by 6.8% in the second quarter. Artisan Partners Limited Partnership now owns 5,777,034 shares of the company’s stock worth $514,618,000 after purchasing an additional 367,204 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Airbnb by 64.7% during the 2nd quarter. Renaissance Technologies LLC now owns 5,604,567 shares of the company’s stock valued at $499,255,000 after buying an additional 2,200,800 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Airbnb by 5.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,155,190 shares of the company’s stock worth $370,144,000 after acquiring an additional 199,786 shares during the last quarter. Sands Capital Management LLC raised its holdings in shares of Airbnb by 55.3% during the 2nd quarter. Sands Capital Management LLC now owns 4,092,548 shares of the company’s stock worth $364,564,000 after acquiring an additional 1,457,105 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Airbnb by 36.7% during the 2nd quarter. Northern Trust Corp now owns 2,735,487 shares of the company’s stock valued at $243,678,000 after acquiring an additional 733,813 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Airbnb Stock Down 0.2 %

Shares of Airbnb stock opened at $101.11 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market cap of $64.95 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 1.73 and a beta of 1.01. The firm’s 50-day moving average is $93.90 and its two-hundred day moving average is $104.65. Airbnb, Inc. has a 1 year low of $81.91 and a 1 year high of $191.73.

Airbnb (NASDAQ:ABNBGet Rating) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.36. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Airbnb had a net margin of 20.28% and a return on equity of 32.13%. As a group, research analysts expect that Airbnb, Inc. will post 2.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ABNB shares. Barclays upped their price target on shares of Airbnb from $101.00 to $103.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 22nd. Cowen dropped their price target on Airbnb from $140.00 to $125.00 in a research report on Wednesday, November 2nd. Susquehanna decreased their price objective on Airbnb from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Wednesday, November 2nd. UBS Group dropped their target price on Airbnb from $120.00 to $112.00 and set a “neutral” rating for the company in a report on Wednesday, November 2nd. Finally, Credit Suisse Group decreased their price target on Airbnb from $165.00 to $154.00 and set a “neutral” rating on the stock in a report on Wednesday, November 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $138.28.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 11,636 shares of the business’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $113.21, for a total value of $1,317,311.56. Following the completion of the transaction, the director now directly owns 127,050 shares of the company’s stock, valued at approximately $14,383,330.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Joseph Gebbia sold 11,636 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $113.21, for a total value of $1,317,311.56. Following the sale, the director now directly owns 127,050 shares in the company, valued at approximately $14,383,330.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Belinda J. Johnson sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $101.83, for a total transaction of $101,830.00. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at approximately $602,833.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 562,022 shares of company stock valued at $56,512,738. 32.69% of the stock is currently owned by corporate insiders.

About Airbnb

(Get Rating)

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.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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