California Public Employees Retirement System Has $112.69 Million Holdings in Airbnb, Inc. $ABNB

California Public Employees Retirement System increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 9.0% during the first quarter, Holdings Channel reports. The fund owned 892,358 shares of the company’s stock after purchasing an additional 73,844 shares during the period. California Public Employees Retirement System’s holdings in Airbnb were worth $112,687,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Merit Financial Group LLC grew its holdings in shares of Airbnb by 72.1% during the fourth quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock worth $4,478,000 after purchasing an additional 13,818 shares during the last quarter. North Dakota State Investment Board bought a new position in shares of Airbnb in the fourth quarter valued at about $2,785,000. North Star Asset Management Inc. raised its holdings in shares of Airbnb by 13.4% in the fourth quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock valued at $10,663,000 after buying an additional 9,294 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Airbnb by 18.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 223,291 shares of the company’s stock worth $30,305,000 after buying an additional 34,573 shares in the last quarter. Finally, Danske Bank A S lifted its position in Airbnb by 11.0% during the 4th quarter. Danske Bank A S now owns 235,557 shares of the company’s stock worth $31,970,000 after buying an additional 23,422 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $148.01, for a total value of $555,037.50. Following the transaction, the chief financial officer directly owned 445,290 shares of the company’s stock, valued at approximately $65,907,372.90. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 2,460 shares of Airbnb stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $150.00, for a total transaction of $369,000.00. Following the sale, the director directly owned 2,595,119 shares of the company’s stock, valued at $389,267,850. This represents a 0.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,325,429 shares of company stock worth $321,925,435 in the last 90 days. Corporate insiders own 27.21% of the company’s stock.

Airbnb Price Performance

Airbnb stock opened at $145.98 on Friday. The business’s 50-day simple moving average is $139.13 and its 200 day simple moving average is $134.42. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock has a market cap of $87.98 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 1.57 and a beta of 1.14. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $150.88.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the firm posted $0.24 earnings per share. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, research analysts anticipate that Airbnb, Inc. will post 4.92 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ABNB shares. Cantor Fitzgerald upgraded shares of Airbnb from a “neutral” rating to an “overweight” rating in a research report on Monday, May 4th. Raymond James Financial upgraded shares of Airbnb from a “market perform” rating to a “strong-buy” rating in a research report on Monday, May 4th. Wedbush initiated coverage on shares of Airbnb in a research note on Thursday. They set a “neutral” rating and a $152.00 price target on the stock. Citigroup reissued an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. Finally, Rodman & Renshaw initiated coverage on shares of Airbnb in a report on Monday, May 4th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Airbnb presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.84.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Wedbush initiated coverage with a neutral rating and a $152 price target, implying modest upside from recent levels and signaling that analysts still see value in the shares. Article link
• Positive Sentiment: Jefferies reaffirmed its buy rating on Airbnb, supporting the view that Wall Street remains constructive on the company’s longer-term growth outlook. Article link
• Neutral Sentiment: Investors are watching Airbnb’s upcoming fiscal second-quarter earnings report, with analysts expecting double-digit earnings growth; results will likely determine whether the stock can extend recent momentum. Article link
• Neutral Sentiment: Airbnb co-founder Joseph Gebbia sold about $39 million in stock under a pre-arranged 10b5-1 plan. While not necessarily a bearish signal, insider selling can create some investor caution. Article link
• Negative Sentiment: CEO Brian Chesky’s X account was reportedly hacked and used to promote crypto tokenization posts. The incident does not directly affect fundamentals, but it is a reputational and security-related distraction for the company. Article link

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.