Texas Permanent School Fund Corp Has $4.69 Million Holdings in Airbnb, Inc. $ABNB

Texas Permanent School Fund Corp trimmed its stake in Airbnb, Inc. (NASDAQ:ABNB) by 24.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,402 shares of the company’s stock after selling 11,387 shares during the period. Texas Permanent School Fund Corp’s holdings in Airbnb were worth $4,685,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Algert Global LLC bought a new position in Airbnb during the first quarter valued at about $2,976,000. Brooklyn Investment Group grew its holdings in shares of Airbnb by 65.1% during the 1st quarter. Brooklyn Investment Group now owns 2,170 shares of the company’s stock worth $259,000 after purchasing an additional 856 shares in the last quarter. Northern Trust Corp increased its position in shares of Airbnb by 2.5% during the first quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock valued at $525,979,000 after purchasing an additional 106,135 shares during the period. Aptus Capital Advisors LLC raised its stake in shares of Airbnb by 25.3% in the first quarter. Aptus Capital Advisors LLC now owns 5,433 shares of the company’s stock valued at $649,000 after purchasing an additional 1,097 shares in the last quarter. Finally, Groupama Asset Managment bought a new position in Airbnb in the first quarter worth $297,000. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on ABNB. Mizuho set a $156.00 price target on shares of Airbnb in a report on Friday, November 7th. Royal Bank Of Canada raised shares of Airbnb from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $145.00 to $170.00 in a report on Wednesday. Wells Fargo & Company upped their target price on shares of Airbnb from $111.00 to $118.00 and gave the company an “underweight” rating in a research note on Monday, December 1st. DA Davidson reissued a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research report on Friday, December 5th. Finally, KeyCorp initiated coverage on shares of Airbnb in a research note on Thursday, October 23rd. They set a “sector weight” rating for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nineteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $144.28.

Airbnb Stock Up 1.3%

Shares of ABNB stock opened at $133.78 on Thursday. The company has a market capitalization of $82.35 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.32 and a beta of 1.11. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The firm has a 50-day moving average price of $122.74 and a 200 day moving average price of $127.49.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business posted $2.13 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 51,230 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80. Following the transaction, the chief executive officer owned 45,854 shares of the company’s stock, valued at approximately $6,014,210.64. The trade was a 52.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 650 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $128.93, for a total value of $83,804.50. Following the completion of the sale, the chief technology officer owned 169,511 shares of the company’s stock, valued at approximately $21,855,053.23. This trade represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,737,378 shares of company stock worth $212,009,665 over the last 90 days. Company insiders own 27.91% 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.