State of Tennessee Department of Treasury Decreases Position in Airbnb, Inc. (NASDAQ:ABNB)

State of Tennessee Department of Treasury trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,497 shares of the company's stock after selling 4,959 shares during the quarter. State of Tennessee Department of Treasury's holdings in Airbnb were worth $15,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ABNB. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb during the fourth quarter worth about $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb in the 4th quarter worth approximately $26,000. Graney & King LLC acquired a new stake in Airbnb in the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC purchased a new stake in Airbnb during the 4th quarter worth approximately $44,000. Finally, Cromwell Holdings LLC increased its stake in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after purchasing an additional 170 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $129.21, for a total value of $27,687,764.85. Following the transaction, the director now owns 857,145 shares of the company's stock, valued at $110,751,705.45. This represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $114.68, for a total transaction of $80,276.00. Following the completion of the sale, the chief technology officer now directly owns 222,822 shares in the company, valued at $25,553,226.96. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,998,146 shares of company stock worth $275,624,925 in the last quarter. Company insiders own 27.83% of the company's stock.

Airbnb Trading Up 3.0 %

Shares of ABNB stock opened at $114.91 on Wednesday. The stock's fifty day moving average is $128.09 and its two-hundred day moving average is $132.15. The firm has a market capitalization of $72.46 billion, a P/E ratio of 27.82, a PEG ratio of 3.52 and a beta of 1.15. 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 $99.88 and a fifty-two week high of $166.74.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ABNB shares. Robert W. Baird dropped their price objective on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Morgan Stanley boosted their price target on Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a research note on Thursday, April 17th. Jefferies Financial Group upgraded Airbnb from a "hold" rating to a "buy" rating and raised their price objective for the stock from $165.00 to $185.00 in a research note on Monday, March 10th. B. Riley upped their target price on Airbnb from $131.00 to $145.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company reduced their price target on shares of Airbnb from $134.00 to $100.00 and set an "underweight" rating for the company in a research report on Monday, April 7th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $146.94.

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.

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