Texas Permanent School Fund Corp Has $14.85 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Texas Permanent School Fund Corp grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 0.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,033 shares of the company’s stock after purchasing an additional 272 shares during the period. Texas Permanent School Fund Corp’s holdings in Airbnb were worth $14,852,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ABNB. CVA Family Office LLC acquired a new position in Airbnb in the 4th quarter worth about $26,000. Bfsg LLC acquired a new position in shares of Airbnb during the 4th quarter valued at about $27,000. Trust Co. of Vermont acquired a new position in shares of Airbnb during the 4th quarter valued at about $27,000. Vima LLC acquired a new position in shares of Airbnb during the 4th quarter valued at about $29,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Airbnb during the 4th quarter valued at about $30,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Up 1.0 %

Shares of Airbnb stock traded up $1.40 during trading on Friday, reaching $147.40. The stock had a trading volume of 158,219 shares, compared to its average volume of 4,351,738. The company has a market capitalization of $94.93 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 1.88 and a beta of 1.18. The stock has a fifty day moving average price of $148.89 and a two-hundred day moving average price of $151.39. Airbnb, Inc. has a 52 week low of $113.24 and a 52 week high of $170.10. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the previous year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. Sell-side analysts predict that Airbnb, Inc. will post 4.65 EPS for the current fiscal year.

Analysts Set New Price Targets

ABNB has been the topic of a number of analyst reports. DA Davidson reissued a “neutral” rating and set a $145.00 price objective on shares of Airbnb in a report on Thursday, May 9th. B. Riley initiated coverage on Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price objective on the stock. TD Cowen lowered their price objective on Airbnb from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Wells Fargo & Company lifted their price target on Airbnb from $127.00 to $129.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, Wedbush upgraded Airbnb from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $160.00 to $165.00 in a report on Tuesday, May 28th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $152.44.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $152.92, for a total transaction of $91,752.00. Following the sale, the chief technology officer now owns 208,174 shares in the company, valued at $31,833,968.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $152.92, for a total transaction of $91,752.00. Following the sale, the chief technology officer now owns 208,174 shares in the company, valued at $31,833,968.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 115,385 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $146.08, for a total value of $16,855,440.80. Following the sale, the chief executive officer now owns 14,260,457 shares in the company, valued at approximately $2,083,167,558.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 540,307 shares of company stock worth $80,338,959. Corporate insiders own 27.83% of the company’s stock.

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.