VIRGINIA RETIREMENT SYSTEMS ET Al Has $22.15 Million Holdings in Airbnb, Inc. $ABNB

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its stake in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 49.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 163,199 shares of the company’s stock after selling 157,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Airbnb were worth $22,149,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ABNB. Harris Associates L P lifted its position in shares of Airbnb by 43.2% in the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after buying an additional 4,292,383 shares during the last quarter. Independent Franchise Partners LLP acquired a new stake in shares of Airbnb in the third quarter worth about $505,672,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Airbnb by 453.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock worth $403,782,000 after buying an additional 2,724,682 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Airbnb by 58.6% in the third quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock worth $518,456,000 after buying an additional 1,577,338 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Airbnb by 6,623.8% in the third quarter. Van ECK Associates Corp now owns 1,394,109 shares of the company’s stock worth $169,273,000 after buying an additional 1,373,375 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $126.16, for a total value of $7,317,280.00. Following the transaction, the director directly owned 170,015 shares in the company, valued at approximately $21,449,092.40. The trade was a 25.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathan Blecharczyk sold 60,136 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $145.70, for a total value of $8,761,815.20. Following the transaction, the insider owned 11,920 shares in the company, valued at $1,736,744. This represents a 83.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 459,838 shares of company stock worth $62,185,245 over the last quarter. 27.21% of the stock is currently owned by corporate insiders.

Airbnb Trading Down 1.9%

Airbnb stock opened at $132.97 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The business’s 50-day simple moving average is $133.61 and its 200-day simple moving average is $129.55. The firm has a market capitalization of $80.94 billion, a PE ratio of 32.75, a PEG ratio of 1.45 and a beta of 1.20. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Equities research analysts forecast that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. HSBC cut Airbnb from a “hold” rating to a “hold” rating in a research report on Monday, May 4th. UBS Group boosted their price target on Airbnb from $153.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. HC Wainwright raised Airbnb to a “buy” rating in a research report on Monday, May 4th. Argus upgraded Airbnb to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings upgraded Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $157.67.

Check Out Our Latest Stock Report on ABNB

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Airbnb Profile

(Free Report)

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

See Also

Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNBFree Report).

Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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