Public Employees Retirement Association of Colorado Decreases Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Public Employees Retirement Association of Colorado decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,362 shares of the company’s stock after selling 1,975 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Airbnb were worth $7,801,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Airbnb by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock valued at $1,244,514,000 after buying an additional 72,991 shares in the last quarter. Clearbridge Investments LLC increased its position in Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after purchasing an additional 2,590,475 shares during the last quarter. Renaissance Technologies LLC raised its stake in Airbnb by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company’s stock valued at $548,683,000 after purchasing an additional 558,856 shares in the last quarter. Norges Bank bought a new position in Airbnb during the fourth quarter valued at $433,374,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Airbnb by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company’s stock worth $366,719,000 after buying an additional 84,348 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Price Performance

Shares of ABNB stock opened at $123.30 on Tuesday. The stock’s 50-day moving average is $124.98 and its 200 day moving average is $131.82. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $165.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $77.75 billion, a P/E ratio of 29.85, a PEG ratio of 3.52 and a beta of 1.15.

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

Wall Street Analyst Weigh In

Several research firms recently commented on ABNB. Cantor Fitzgerald dropped their price target on Airbnb from $130.00 to $101.00 and set an “underweight” rating for the company in a research report on Wednesday, April 16th. B. Riley boosted 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. Benchmark raised their price target on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a research report on Friday, February 14th. Finally, DA Davidson raised their target price on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Four 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 stock. According to MarketBeat, Airbnb has a consensus rating of “Hold” and an average target price of $146.06.

Insider Activity

In other news, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $129.87, for a total transaction of $4,994,930.07. Following the completion of the sale, the chief executive officer now directly owns 12,421,986 shares in the company, valued at approximately $1,613,243,321.82. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total value of $90,706.00. Following the completion of the transaction, the chief technology officer now directly owns 181,914 shares in the company, valued at approximately $23,572,416.12. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,998,146 shares of company stock worth $272,401,900. Insiders own 27.83% 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.