California State Teachers Retirement System Has $94.26 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

California State Teachers Retirement System reduced its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 717,299 shares of the company's stock after selling 12,995 shares during the quarter. California State Teachers Retirement System owned approximately 0.11% of Airbnb worth $94,260,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of Airbnb during the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new position in Airbnb during the 4th quarter worth $26,000. Graney & King LLC acquired a new stake in Airbnb in the fourth quarter worth $32,000. Whipplewood Advisors LLC bought a new stake in Airbnb in the fourth quarter valued at $44,000. Finally, Cromwell Holdings LLC boosted its holdings in shares of Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after acquiring an additional 170 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Performance

Airbnb stock traded up $2.09 during trading hours on Thursday, hitting $124.01. The stock had a trading volume of 9,331,555 shares, compared to its average volume of 4,865,190. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $165.50. The company has a market cap of $78.19 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The company has a 50-day moving average of $123.48 and a two-hundred day moving average of $131.63. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on ABNB shares. JMP Securities restated a "market perform" rating on shares of Airbnb in a research note on Friday, February 14th. Wedbush restated an "outperform" rating and issued a $155.00 price target on shares of Airbnb in a research report on Tuesday, February 4th. HSBC raised shares of Airbnb from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Robert W. Baird cut their target price on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Finally, Piper Sandler lowered their price target on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a report on Monday. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Airbnb currently has an average rating of "Hold" and an average price target of $145.59.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $129.87, for a total value of $4,994,930.07. Following the sale, the chief executive officer now owns 12,421,986 shares in the company, valued at approximately $1,613,243,321.82. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,998,846 shares of company stock worth $272,488,196. Corporate insiders own 27.83% of the company's stock.

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.