Police & Firemen s Retirement System of New Jersey Boosts Stock Position in Airbnb, Inc. $ABNB

Police & Firemen s Retirement System of New Jersey boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,568 shares of the company’s stock after acquiring an additional 2,278 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Airbnb were worth $8,545,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC increased its stake in Airbnb by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock worth $1,314,057,000 after buying an additional 145,788 shares during the period. ABC Arbitrage SA increased its position in shares of Airbnb by 137.3% during the second quarter. ABC Arbitrage SA now owns 11,918 shares of the company’s stock worth $1,577,000 after acquiring an additional 6,896 shares during the period. denkapparat Operations GmbH acquired a new stake in shares of Airbnb in the second quarter valued at $336,000. Wealth Alliance LLC increased its holdings in Airbnb by 2.5% during the 2nd quarter. Wealth Alliance LLC now owns 5,794 shares of the company’s stock worth $767,000 after purchasing an additional 140 shares during the period. Finally, Forsta AP Fonden raised its position in Airbnb by 2.8% in the 2nd quarter. Forsta AP Fonden now owns 88,400 shares of the company’s stock valued at $11,699,000 after purchasing an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ABNB shares. BTIG Research restated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Barclays increased their price objective on shares of Airbnb from $105.00 to $107.00 and gave the company an “underweight” rating in a research report on Friday, November 7th. UBS Group raised their price objective on shares of Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Wells Fargo & Company boosted their target price on shares of Airbnb from $110.00 to $111.00 and gave the stock an “underweight” rating in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. increased their target price on Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Airbnb has an average rating of “Hold” and an average target price of $143.31.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $120.66, for a total value of $28,475,760.00. Following the sale, the director owned 232,015 shares of the company’s stock, valued at $27,994,929.90. The trade was a 50.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $125.47, for a total transaction of $75,282.00. Following the transaction, the chief technology officer directly owned 196,006 shares of the company’s stock, valued at $24,592,872.82. This represents a 0.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,682,760 shares of company stock worth $208,202,189. Company insiders own 27.91% of the company’s stock.

Airbnb Stock Down 0.4%

ABNB opened at $121.19 on Friday. The firm has a market cap of $75.31 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 2.14 and a beta of 1.11. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The business’s 50 day moving average is $123.44 and its two-hundred day moving average is $128.75.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the company earned $2.13 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Airbnb has set its Q4 2025 guidance at EPS. Equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.