Wrapmanager Inc. Decreases Stock Position in Airbnb, Inc. $ABNB

Wrapmanager Inc. decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 13.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,423 shares of the company’s stock after selling 658 shares during the period. Wrapmanager Inc.’s holdings in Airbnb were worth $585,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ABNB. Harris Associates L P boosted its stake in Airbnb by 86.0% during the first quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock valued at $1,188,024,000 after buying an additional 4,598,125 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Airbnb by 2,297.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,801,899 shares of the company’s stock worth $334,715,000 after acquiring an additional 2,685,026 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Airbnb by 81.0% during the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after acquiring an additional 1,916,676 shares during the last quarter. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Airbnb in the second quarter valued at $170,189,000. Finally, Consulta Ltd purchased a new position in shares of Airbnb in the first quarter valued at $149,325,000. 80.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Airbnb news, CFO Elinor Mertz sold 12,184 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $127.65, for a total transaction of $1,555,287.60. Following the transaction, the chief financial officer directly owned 444,070 shares in the company, valued at $56,685,535.50. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Monday, October 13th. The shares were sold at an average price of $119.22, for a total value of $28,135,920.00. Following the sale, the director directly owned 704,015 shares of the company’s stock, valued at approximately $83,932,668.30. This trade represents a 25.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,682,760 shares of company stock worth $208,202,189. Corporate insiders own 27.91% of the company’s stock.

Airbnb Price Performance

Airbnb stock opened at $121.19 on Friday. The firm has a market capitalization of $75.31 billion, a P/E ratio of 28.79, a price-to-earnings-growth ratio of 2.14 and a beta of 1.11. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The company’s 50-day moving average is $123.44 and its 200 day moving average is $128.75.

Airbnb (NASDAQ:ABNB) last issued 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 for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the firm posted $2.13 earnings per share. 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. Research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. BMO Capital Markets set a $124.00 price objective on shares of Airbnb and gave the company a “market perform” rating in a research report on Thursday, August 7th. KeyCorp assumed coverage on shares of Airbnb in a report on Thursday, October 23rd. They issued a “sector weight” rating for the company. Citizens Jmp upgraded Airbnb to a “hold” rating in a research report on Monday, August 11th. Mizuho set a $156.00 price objective on Airbnb in a research report on Friday, November 7th. Finally, Zacks Research raised Airbnb to a “hold” rating in a research note on Tuesday, August 12th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $143.31.

Airbnb Company Profile

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.