Airbnb, Inc. $ABNB Shares Acquired by Prudential PLC

Prudential PLC lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 34.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,173 shares of the company’s stock after purchasing an additional 4,132 shares during the period. Prudential PLC’s holdings in Airbnb were worth $2,195,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ABNB. ORG Partners LLC lifted its holdings in Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 96 shares during the last quarter. Entrust Financial LLC acquired a new stake in shares of Airbnb during the 4th quarter worth about $27,000. Aster Capital Management DIFC Ltd purchased a new stake in Airbnb during the third quarter worth approximately $25,000. Aventura Private Wealth LLC acquired a new position in Airbnb in the fourth quarter valued at approximately $29,000. Finally, Sunbelt Securities Inc. boosted its holdings in Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 265,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $135.45, for a total transaction of $35,894,250.00. Following the completion of the sale, the director owned 3,182,355 shares in the company, valued at $431,049,984.75. This represents a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Chesky sold 62,764 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $134.00, for a total value of $8,410,376.00. Following the sale, the chief executive officer directly owned 10,855,175 shares of the company’s stock, valued at approximately $1,454,593,450. This represents a 0.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,554,370 shares of company stock valued at $209,932,678. 27.21% of the stock is owned by company insiders.

Airbnb Stock Performance

NASDAQ ABNB opened at $133.54 on Monday. The firm’s fifty day moving average is $134.32 and its two-hundred day moving average is $130.75. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $80.49 billion, a PE ratio of 32.89, a P/E/G ratio of 1.43 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS. Analysts expect that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Jefferies said Airbnb’s expansion into hotels, experiences, and higher take rates could add about $1.8 billion in revenue by 2030, and reiterated a Buy rating, reinforcing the bullish case for multi-year growth. Airbnb hotels and experiences push could add $1.8B to 2030 revenue, Jefferies estimates
• Positive Sentiment: Broker sentiment remains broadly supportive, with Airbnb carrying a consensus “Moderate Buy” rating and several firms raising price targets, suggesting Wall Street still sees upside from current levels. Airbnb stock report and analyst ratings
• Neutral Sentiment: Market commentary is questioning whether Airbnb’s valuation already reflects most of the upside after a flat share-price performance and recent regulatory headlines, which may keep investors cautious near term. Is It Time To Reconsider Airbnb (ABNB) After Flat Returns And Regulatory Headlines?
• Neutral Sentiment: CEO Brian Chesky’s reported move to build a separate AI venture is strategically interesting, but it is not directly tied to Airbnb’s core travel business and has an uncertain near-term financial impact. Airbnb CEO Brian Chesky Plans to Start a New AI Company
• Negative Sentiment: Insider selling is the clearest near-term negative: Director Joseph Gebbia sold 265,000 shares and CFO Elinor Mertz sold 7,433 shares, while Brian Chesky also sold shares, which can raise concerns about management’s confidence in short-term upside. SEC filing for Joseph Gebbia sale SEC filing for Elinor Mertz sale SEC filing for Brian Chesky sales

Analyst Ratings Changes

A number of research firms have weighed in on ABNB. DA Davidson raised their price objective on shares of Airbnb from $150.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Rodman & Renshaw assumed coverage on shares of Airbnb in a research report on Monday, May 4th. They issued a “buy” rating on the stock. Oppenheimer upgraded shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $170.00 price objective on shares of Airbnb in a research note on Friday, May 8th. Finally, Tigress Financial cut their target price on Airbnb from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Airbnb presently has an average rating of “Moderate Buy” and a consensus target price of $157.76.

Airbnb Company 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.