Airbnb, Inc. $ABNB Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 31.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,006 shares of the company’s stock after purchasing an additional 11,761 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Airbnb were worth $5,950,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in Airbnb by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 37,645,965 shares of the company’s stock valued at $4,982,067,000 after buying an additional 183,336 shares during the period. Harris Associates L P boosted its stake in Airbnb by 43.2% during the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after buying an additional 4,292,383 shares during the period. Geode Capital Management LLC increased its position in shares of Airbnb by 1.5% during the second quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock valued at $1,314,057,000 after acquiring an additional 145,788 shares during the last quarter. Norges Bank purchased a new stake in shares of Airbnb in the 2nd quarter valued at approximately $483,644,000. Finally, Akre Capital Management LLC raised its stake in shares of Airbnb by 19.0% in the 2nd quarter. Akre Capital Management LLC now owns 3,473,243 shares of the company’s stock valued at $459,649,000 after acquiring an additional 555,510 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Trading Up 0.4%

Airbnb stock opened at $139.27 on Friday. The firm has a market capitalization of $85.73 billion, a P/E ratio of 33.08, a P/E/G ratio of 2.16 and a beta of 1.09. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The stock’s fifty day simple moving average is $126.57 and its 200-day simple moving average is $127.67.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the business posted $2.13 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Barclays upgraded ABNB, citing potential tailwinds from RNPL initiatives, a hotel push and demand boosts from the World Cup — a near-term revenue catalyst for bookings. RNPL, hotel push and World Cup to boost Airbnb, Barclays upgrades stock
• Positive Sentiment: Cantor Fitzgerald upgraded the stock, adding institutional support to the bullish narrative and helping lift near-term sentiment. Cantor Fitzgerald upgrades Airbnb (ABNB)
• Positive Sentiment: Several analyst write-ups and upgrades (coverage summarized by Benzinga and other outlets) show the street moving less bearish, which supports buying interest. Breaking Down Airbnb: 13 Analysts Share Their Views
• Neutral Sentiment: Market coverage notes ABNB is outpacing the broader market recently, reflecting momentum but not necessarily a change in fundamentals. That can attract momentum traders. Airbnb, Inc. (ABNB) Outpaces Stock Market Gains: What You Should Know
• Neutral Sentiment: Tapasya Fund disclosed it sold ABNB in 2024 (fund-level decision). This appears to be reallocation rather than a fresh vote of no confidence, but it reduces one institutional holder. Tapasya Fund Sold Airbnb (ABNB) in 2024
• Negative Sentiment: Senior executives sold millions in company stock, which can be read as insider monetization and may spook some investors despite insider sales sometimes being routine. Airbnb’s (ABNB) Senior Executives Sell Millions Worth of Company Stock
• Negative Sentiment: Sanford C. Bernstein issued a pessimistic forecast for ABNB, highlighting downside risk and providing a counterweight to the upgrades; this keeps some investors cautious on valuation. Sanford C. Bernstein Issues Pessimistic Forecast for Airbnb (NASDAQ:ABNB) Stock Price

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ABNB. Jefferies Financial Group increased their price objective on shares of Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Sanford C. Bernstein lowered their price target on Airbnb from $165.00 to $162.00 and set an “outperform” rating for the company in a research report on Tuesday, January 6th. Cantor Fitzgerald raised Airbnb from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $117.00 to $141.00 in a research note on Thursday. Barclays set a $120.00 price objective on Airbnb and gave the company an “equal weight” rating in a report on Friday. Finally, Mizuho set a $156.00 target price on Airbnb in a research note on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $146.92.

Insider Activity

In other news, CEO Brian Chesky sold 51,230 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the completion of the transaction, the chief executive officer directly owned 45,854 shares of the company’s stock, valued at approximately $6,014,210.64. The trade was a 52.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 141,063 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $121.96, for a total transaction of $17,204,043.48. Following the completion of the sale, the insider directly owned 11,520 shares in the company, valued at approximately $1,404,979.20. This trade represents a 92.45% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,579,756 shares of company stock worth $193,545,739. 27.91% of the stock is currently owned by company insiders.

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.