Teacher Retirement System of Texas Grows Stake in Airbnb, Inc. (NASDAQ:ABNB)

Teacher Retirement System of Texas lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 777.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Airbnb during the fourth quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb during the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC bought a new stake in Airbnb in the 4th quarter valued at $44,000. Cromwell Holdings LLC boosted its position in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock worth $49,000 after purchasing an additional 170 shares during the period. Finally, Quarry LP acquired a new stake in shares of Airbnb during the 3rd quarter worth about $55,000. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Up 0.0 %

Airbnb stock traded up $0.06 during trading on Tuesday, hitting $129.88. 4,362,344 shares of the company were exchanged, compared to its average volume of 4,415,663. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The business's 50 day moving average is $135.74 and its 200 day moving average is $133.53. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.00. The company has a market capitalization of $81.89 billion, a P/E ratio of 31.45, a PEG ratio of 3.52 and a beta of 1.10.

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Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping 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%. Analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on ABNB shares. Argus raised Airbnb from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Gordon Haskett raised Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price target on the stock in a research report on Friday, February 14th. UBS Group upped their target price on Airbnb from $143.00 to $160.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. DA Davidson increased their target price on Airbnb from $131.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group upped their price objective on shares of Airbnb from $165.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $147.36.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total value of $88,200.00. Following the completion of the transaction, the chief technology officer now directly owns 171,419 shares of the company's stock, valued at $21,598,794. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction on Monday, January 6th. The shares were sold at an average price of $135.82, for a total value of $5,223,773.02. Following the completion of the transaction, the chief executive officer now owns 12,498,908 shares of the company's stock, valued at approximately $1,697,601,684.56. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,055,909 shares of company stock worth $289,763,290 in the last quarter. 27.83% of the stock is currently owned by company insiders.

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.