Vanguard Group Inc. Buys 183,336 Shares of Airbnb, Inc. $ABNB

Vanguard Group Inc. boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 37,645,965 shares of the company’s stock after purchasing an additional 183,336 shares during the quarter. Vanguard Group Inc. owned about 0.06% of Airbnb worth $4,982,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DDD Partners LLC grew its holdings in shares of Airbnb by 3.9% in the 2nd quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock worth $270,000 after purchasing an additional 76 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Airbnb by 1.6% in the first quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock valued at $604,000 after buying an additional 78 shares in the last quarter. Harbour Investments Inc. grew its stake in Airbnb by 12.2% during the first quarter. Harbour Investments Inc. now owns 738 shares of the company’s stock worth $88,000 after buying an additional 80 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after buying an additional 83 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Airbnb by 0.8% during the second quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock worth $1,396,000 after buying an additional 85 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Down 0.8%

Shares of ABNB stock opened at $114.44 on Thursday. The stock has a 50-day moving average price of $122.91 and a 200 day moving average price of $128.60. The firm has a market cap of $70.44 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 2.03 and a beta of 1.11. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93.

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). The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.13 earnings per share. Airbnb has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of research analyst reports. Zacks Research upgraded Airbnb to a “hold” rating in a research report on Tuesday, August 12th. Wedbush reiterated a “neutral” rating and issued a $130.00 price objective on shares of Airbnb in a research report on Friday, November 7th. Wells Fargo & Company increased their target price on Airbnb from $110.00 to $111.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Barclays raised their target price on Airbnb from $105.00 to $107.00 and gave the company an “underweight” rating in a research note on Friday, November 7th. Finally, BMO Capital Markets set a $124.00 price target on shares of Airbnb and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $143.31.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $123.57, for a total transaction of $29,162,520.00. Following the completion of the sale, the director owned 940,015 shares in the company, valued at approximately $116,157,653.55. The trade was a 20.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Elinor Mertz sold 12,184 shares of the stock in a transaction on Friday, October 24th. The shares were sold at an average price of $127.65, for a total value of $1,555,287.60. Following the completion of the transaction, the chief financial officer directly owned 444,070 shares in the company, valued at approximately $56,685,535.50. This trade represents a 2.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,444,514 shares of company stock valued at $178,333,882. 27.91% of the stock is currently owned by insiders.

Airbnb 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.