New York State Common Retirement Fund Purchases 200 Shares of Airbnb, Inc. (NASDAQ:ABNB)

New York State Common Retirement Fund boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 0.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 538,675 shares of the company’s stock after purchasing an additional 200 shares during the quarter. New York State Common Retirement Fund’s holdings in Airbnb were worth $70,787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC acquired a new position in Airbnb in the third quarter valued at about $25,000. Golden State Wealth Management LLC acquired a new position in shares of Airbnb during the fourth quarter worth about $25,000. Hollencrest Capital Management boosted its position in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the period. Berbice Capital Management LLC acquired a new position in shares of Airbnb during the fourth quarter worth about $26,000. Finally, Ashton Thomas Securities LLC acquired a new position in Airbnb during the third quarter valued at approximately $30,000. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wedbush reissued an “outperform” rating and set a $155.00 price target on shares of Airbnb in a research report on Tuesday, February 4th. Susquehanna increased their target price on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Tuesday. TD Cowen increased their price target on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Baird R W raised Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Finally, Morgan Stanley raised their target price on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $147.00.

Insider Transactions at Airbnb

In related news, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the sale, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the sale, the chief technology officer now directly owns 182,614 shares in the company, valued at $23,401,984.10. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,834,455 shares of company stock worth $256,987,686 in the last 90 days. Insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of Airbnb stock opened at $157.83 on Thursday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The firm has a market capitalization of $100.06 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 2.38 and a beta of 1.12. The business has a 50-day simple moving average of $134.80 and a 200 day simple moving average of $130.65. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, research analysts anticipate that Airbnb, Inc. will post 4.27 earnings per share for the current fiscal year.

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.