Airbnb, Inc. $ABNB Stake Lessened by National Pension Service

National Pension Service lowered its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 39.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 664,942 shares of the company’s stock after selling 431,469 shares during the period. National Pension Service’s holdings in Airbnb were worth $90,246,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Airbnb by 1.7% in the third quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company’s stock valued at $4,649,814,000 after purchasing an additional 649,323 shares in the last quarter. Harris Associates L P lifted its holdings in shares of Airbnb by 43.2% in the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after purchasing an additional 4,292,383 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Airbnb by 0.5% in the fourth 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 lifted its holdings in shares of Airbnb by 58.6% in the third quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock valued at $518,456,000 after purchasing an additional 1,577,338 shares in the last quarter. Finally, Independent Franchise Partners LLP purchased a new stake in shares of Airbnb in the third quarter valued at $505,672,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the subject of a number of research analyst reports. Argus upgraded Airbnb to a “strong-buy” rating in a report on Tuesday, February 17th. Citigroup reiterated an “outperform” rating on shares of Airbnb in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $170.00 price objective on shares of Airbnb in a report on Friday, May 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $173.00 price objective on shares of Airbnb in a report on Thursday, May 21st. Finally, Morgan Stanley lowered Airbnb from an “underweight” rating to an “underweight” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $157.67.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

• Negative Sentiment: CEO Brian Chesky sold 265,746 shares for about $35.1 million, cutting his position by 2.32% and adding to recent selling pressure. SEC filing
• Negative Sentiment: Chesky also sold 229,550 shares for about $30.6 million, trimming another 1.96% from his stake. SEC filing
• Negative Sentiment: A separate 20,000-share sale by the CEO further reinforced the pattern of insider selling around current trading levels. SEC filing
• Negative Sentiment: Director Joseph Gebbia also sold 2,860 shares, adding to the recent stream of insider sales at Airbnb. SEC filing
• Neutral Sentiment: Airbnb expanded its platform with airport pickups, grocery delivery, luggage storage, and car rentals, which could support long-term engagement but is unlikely to move the stock immediately. Article source
• Neutral Sentiment: Airbnb is investing in group travel startup WeRoad through a $58 million Series C round, potentially broadening its travel ecosystem, but the near-term financial impact is still uncertain. Article source

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 265,746 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the transaction, the chief executive officer directly owned 11,206,389 shares in the company, valued at $1,481,708,753.58. This trade represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $140.37, for a total value of $8,141,460.00. Following the transaction, the director owned 54,015 shares in the company, valued at approximately $7,582,085.55. This trade represents a 51.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 972,473 shares of company stock worth $130,966,151 over the last three months. Corporate insiders own 27.21% of the company’s stock.

Airbnb Price Performance

NASDAQ ABNB opened at $133.31 on Friday. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25. The stock’s 50-day moving average is $133.93 and its two-hundred day moving average is $130.20. 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 firm has a market cap of $80.35 billion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 1.44 and a beta of 1.20.

Airbnb (NASDAQ:ABNB) last posted its earnings results 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 net margin of 19.90% and a return on equity of 31.24%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the business earned $0.24 earnings per share. Airbnb’s quarterly revenue was up 17.9% on a year-over-year basis. On average, analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

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.