Louisiana State Employees Retirement System Reduces Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Louisiana State Employees Retirement System lowered its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,900 shares of the company’s stock after selling 3,500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Airbnb were worth $7,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in Airbnb during the fourth quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb during the 3rd quarter valued at $25,000. Berbice Capital Management LLC purchased a new stake in shares of Airbnb in the 4th quarter worth $26,000. Hollencrest Capital Management increased its stake in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Airbnb in the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Airbnb stock opened at $134.52 on Wednesday. The company’s 50-day moving average price is $132.87 and its 200-day moving average price is $129.87. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market cap of $85.28 billion, a PE ratio of 47.20, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total transaction of $89,705.00. Following the transaction, the chief technology officer now owns 182,614 shares in the company, valued at $23,401,984.10. 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 available at this link. Also, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total transaction of $809,875.00. Following the completion of the sale, the chief financial officer now owns 484,988 shares of the company’s stock, valued at $62,844,745.04. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,417,704 shares of company stock worth $187,654,829. Corporate insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ABNB. Phillip Securities restated a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Bank of America increased their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. UBS Group lifted their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Benchmark reissued a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Finally, TD Cowen raised their price objective on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Airbnb has an average rating of “Hold” and a consensus target price of $139.63.

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.