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

TIAA Trust National Association decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 93.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,316 shares of the company’s stock after selling 102,421 shares during the period. TIAA Trust National Association’s holdings in Airbnb were worth $888,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Root Financial Partners LLC bought a new position in Airbnb during the third quarter worth about $32,000. NewSquare Capital LLC grew its position in shares of Airbnb by 86.4% during the 2nd quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock worth $38,000 after purchasing an additional 133 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Airbnb by 55.5% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company’s stock worth $38,000 after purchasing an additional 111 shares during the period. Golden State Wealth Management LLC raised its position in shares of Airbnb by 85.9% in the second quarter. Golden State Wealth Management LLC now owns 370 shares of the company’s stock valued at $49,000 after buying an additional 171 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in shares of Airbnb by 4,255.6% in the third quarter. SJS Investment Consulting Inc. now owns 392 shares of the company’s stock valued at $48,000 after buying an additional 383 shares during the period. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 51,230 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $131.16, for a total value of $6,719,326.80. Following the sale, the chief executive officer owned 45,854 shares in the company, valued at $6,014,210.64. This trade represents a 52.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nathan Blecharczyk sold 141,063 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $121.96, for a total transaction of $17,204,043.48. Following the sale, the insider directly owned 11,520 shares in the company, valued at approximately $1,404,979.20. The trade was a 92.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 795,226 shares of company stock worth $100,778,211 in the last three months. 27.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wells Fargo & Company raised their price objective on Airbnb from $128.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Barclays increased their target price on Airbnb from $120.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Citigroup raised Airbnb from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 4th. TD Cowen upped their price objective on shares of Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, Cantor Fitzgerald set a $121.00 price objective on shares of Airbnb in a research note on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Airbnb has an average rating of “Hold” and an average price target of $148.69.

Airbnb Stock Down 1.4%

NASDAQ:ABNB opened at $135.11 on Monday. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $144.75. The stock’s 50-day simple moving average is $130.81 and its 200 day simple moving average is $126.26. The firm has a market capitalization of $82.24 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12.

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

Airbnb Company 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.