Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 33.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,800 shares of the company’s stock after acquiring an additional 22,219 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Airbnb were worth $12,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Duality Advisers LP purchased a new position in shares of Airbnb during the 4th quarter worth approximately $315,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Airbnb during the 4th quarter worth approximately $266,000. Handelsbanken Fonder AB increased its stake in Airbnb by 28.0% in the 4th quarter. Handelsbanken Fonder AB now owns 108,352 shares of the company’s stock valued at $14,751,000 after purchasing an additional 23,699 shares in the last quarter. CWM LLC increased its stake in Airbnb by 27.6% in the 4th quarter. CWM LLC now owns 8,457 shares of the company’s stock valued at $1,151,000 after purchasing an additional 1,829 shares in the last quarter. Finally, Lindbrook Capital LLC increased its stake in Airbnb by 31.0% in the 4th quarter. Lindbrook Capital LLC now owns 1,996 shares of the company’s stock valued at $272,000 after purchasing an additional 472 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Up 2.1 %

Airbnb stock traded up $3.31 during mid-day trading on Tuesday, hitting $159.92. 1,431,492 shares of the company’s stock were exchanged, compared to its average volume of 4,553,765. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $159.60 and a two-hundred day moving average of $142.65. Airbnb, Inc. has a 1-year low of $103.55 and a 1-year high of $170.10. The stock has a market cap of $103.48 billion, a P/E ratio of 21.63, a P/E/G ratio of 1.99 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. As a group, analysts anticipate that Airbnb, Inc. will post 4.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ABNB shares. DA Davidson reaffirmed a “neutral” rating and issued a $145.00 price objective on shares of Airbnb in a research note on Friday, March 15th. JPMorgan Chase & Co. raised their price objective on Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Royal Bank of Canada raised their price objective on Airbnb from $140.00 to $150.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Truist Financial raised their price objective on Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Finally, BMO Capital Markets raised their price objective on Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average target price of $147.58.

Insiders Place Their Bets

In other Airbnb news, Director Jeffrey D. Jordan sold 8,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $150.00, for a total transaction of $1,200,000.00. Following the completion of the transaction, the director now owns 151,646 shares in the company, valued at $22,746,900. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CTO Aristotle N. Balogh sold 78,682 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the sale, the chief technology officer now owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey D. Jordan sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $150.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the director now directly owns 151,646 shares of the company’s stock, valued at approximately $22,746,900. The disclosure for this sale can be found here. Insiders sold a total of 463,674 shares of company stock worth $73,516,515 over the last quarter. Company insiders own 30.84% 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.