TIAA Trust National Association Has $888,000 Position in Airbnb, Inc. $ABNB

TIAA Trust National Association lessened its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 93.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,316 shares of the company’s stock after selling 102,421 shares during the quarter. TIAA Trust National Association’s holdings in Airbnb were worth $888,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Caxton Associates LLP bought a new stake in shares of Airbnb in the first quarter worth $258,000. Intech Investment Management LLC lifted its holdings in Airbnb by 55.8% during the 1st quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock worth $1,453,000 after buying an additional 4,353 shares during the period. Sivia Capital Partners LLC grew its position in shares of Airbnb by 18.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock valued at $776,000 after buying an additional 927 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of Airbnb by 54.3% in the second quarter. Arkadios Wealth Advisors now owns 8,610 shares of the company’s stock valued at $1,139,000 after buying an additional 3,030 shares during the period. Finally, Spire Wealth Management increased its stake in shares of Airbnb by 14.4% in the second quarter. Spire Wealth Management now owns 1,040 shares of the company’s stock valued at $138,000 after buying an additional 131 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Airbnb stock opened at $135.11 on Monday. The stock has a market capitalization of $82.24 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 1.83 and a beta of 1.12. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $144.75. The stock’s 50 day moving average price is $130.81 and its two-hundred day moving average price is $126.26.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 EPS. On average, equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Activity

In other news, CEO Brian Chesky sold 51,230 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the transaction, the chief executive officer owned 45,854 shares of the company’s stock, valued at $6,014,210.64. This represents a 52.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nathan Blecharczyk sold 141,063 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $121.96, for a total value of $17,204,043.48. Following the completion of the sale, the insider owned 11,520 shares of the company’s stock, valued at approximately $1,404,979.20. This represents a 92.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 795,226 shares of company stock worth $100,778,211. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ABNB. Citigroup raised Airbnb from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 4th. Benchmark lowered their price target on shares of Airbnb from $155.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 13th. DA Davidson dropped their price target on shares of Airbnb from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Wells Fargo & Company increased their price objective on shares of Airbnb from $128.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Finally, BMO Capital Markets lifted their target price on shares of Airbnb from $130.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $148.69.

Airbnb Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.