Airbnb, Inc. $ABNB Stock Position Decreased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 97.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,668 shares of the company’s stock after selling 3,560,258 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Airbnb were worth $12,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Harris Associates L P lifted its stake in Airbnb by 21.0% in the fourth quarter. Harris Associates L P now owns 18,694,408 shares of the company’s stock valued at $2,537,205,000 after acquiring an additional 3,240,477 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Airbnb by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock valued at $1,368,338,000 after purchasing an additional 47,966 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Airbnb by 58.4% during the 4th quarter. AQR Capital Management LLC now owns 6,762,784 shares of the company’s stock valued at $917,845,000 after purchasing an additional 2,492,847 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Airbnb by 3.7% in the 4th quarter. Clearbridge Investments LLC now owns 6,073,947 shares of the company’s stock valued at $824,356,000 after purchasing an additional 216,455 shares during the last quarter. Finally, Independent Franchise Partners LLP lifted its stake in shares of Airbnb by 23.6% in the 4th quarter. Independent Franchise Partners LLP now owns 5,146,272 shares of the company’s stock valued at $698,452,000 after purchasing an additional 981,624 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. DA Davidson increased their target price on shares of Airbnb from $150.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Benchmark boosted their price target on Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. CICC Research began coverage on Airbnb in a research report on Friday, June 5th. They issued an “outperform” rating and a $165.00 price target for the company. Cantor Fitzgerald upgraded Airbnb from a “neutral” rating to an “overweight” rating in a research note on Monday, May 4th. Finally, Scotiabank initiated coverage on Airbnb in a report on Monday, May 4th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Airbnb presently has an average rating of “Moderate Buy” and a consensus price target of $158.36.

Airbnb Stock Performance

Shares of ABNB opened at $146.33 on Tuesday. The company has a market capitalization of $88.19 billion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 1.59 and a beta of 1.14. Airbnb, Inc. has a one year low of $110.81 and a one year high of $150.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. The company’s fifty day moving average price is $138.59 and its 200 day moving average price is $134.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. As a group, analysts expect that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 2,460 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $150.00, for a total transaction of $369,000.00. Following the completion of the transaction, the director directly owned 2,595,119 shares in the company, valued at $389,267,850. This represents a 0.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth I. Chenault sold 8,346 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $150.00, for a total transaction of $1,251,900.00. Following the completion of the sale, the director directly owned 40,879 shares of the company’s stock, valued at approximately $6,131,850. This trade represents a 16.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,325,429 shares of company stock valued at $321,925,435 over the last ninety days. 27.21% of the stock is owned by insiders.

About Airbnb

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.