Airbnb, Inc. $ABNB Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 89.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,117 shares of the company’s stock after selling 2,018,729 shares during the period. The Manufacturers Life Insurance Company’s holdings in Airbnb were worth $29,174,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Harris Associates L P increased its holdings in 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 buying an additional 4,292,383 shares in the last quarter. Norges Bank purchased a new stake in shares of Airbnb during the 4th quarter worth approximately $480,332,000. Jennison Associates LLC boosted its stake in shares of Airbnb by 9,331.0% during the 1st quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock worth $400,681,000 after acquiring an additional 3,139,315 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Airbnb by 453.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock worth $403,782,000 after acquiring an additional 2,724,682 shares during the period. Finally, SRS Investment Management LLC acquired a new stake in shares of Airbnb in the 4th quarter worth approximately $342,017,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ABNB. CICC Research initiated coverage on Airbnb in a report on Friday, June 5th. They set an “outperform” rating and a $165.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $170.00 target price on shares of Airbnb in a report on Friday, May 8th. HC Wainwright upgraded Airbnb to a “buy” rating in a research report on Monday, May 4th. Wells Fargo & Company lifted their price target on Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Cantor Fitzgerald upgraded shares of Airbnb from a “neutral” rating to an “overweight” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $160.65.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 265,000 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $145.70, for a total value of $38,610,500.00. Following the completion of the transaction, the director owned 1,828,518 shares of the company’s stock, valued at approximately $266,415,072.60. The trade was a 12.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 13,615 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $145.43, for a total transaction of $1,980,029.45. Following the completion of the transaction, the insider directly owned 12,370 shares of the company’s stock, valued at $1,798,969.10. The trade was a 52.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,510,479 shares of company stock valued at $349,064,808 over the last three months. Insiders own 27.21% of the company’s stock.

Airbnb Trading Down 0.4%

Shares of Airbnb stock opened at $151.52 on Friday. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $156.50. 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 business has a 50 day moving average price of $141.62 and a 200 day moving average price of $135.10. The company has a market capitalization of $91.32 billion, a P/E ratio of 37.32, a P/E/G ratio of 1.63 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 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 analyst estimates of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. Airbnb’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS. Sell-side analysts anticipate that Airbnb, Inc. will post 4.93 EPS for the current fiscal year.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb’s upcoming earnings report is expected to show continued earnings growth, with analysts looking for a potential beat based on improving revenue trends and expectations. The company’s previous quarter delivered revenue above estimates and 17.9% year-over-year growth, although EPS fell short. Airbnb Earnings Expected to Grow
• Positive Sentiment: Recent commentary points to continued long-term growth potential from Airbnb’s global marketplace, expanded travel offerings and the possibility of another major growth cycle. The stock’s position above key moving averages also indicates sustained momentum. Airbnb Momentum Opens a Bigger Debate
• Neutral Sentiment: UBS raised its price target for ABNB to $163 from $157 while maintaining a Neutral rating. The higher target acknowledges some upside, but the unchanged rating signals that the firm still sees balanced risk and reward at current valuation levels. UBS Raises Airbnb Price Target
• Negative Sentiment: Morgan Stanley maintained its Sell/Underweight view, raising its price target only modestly to $125 from $120. The target remains well below recent trading levels, highlighting concerns that Airbnb’s premium valuation may not be supported by near-term growth. Morgan Stanley Maintains Sell Rating
• Negative Sentiment: Director Joseph Gebbia sold approximately 2.1 million shares for about $315.9 million across July 27 and 28, liquidating his indirect Class A holdings. The unusually large sale, following additional recent insider transactions, could weigh on investor sentiment even though it does not necessarily indicate deteriorating fundamentals. Joseph Gebbia Sells Airbnb Shares
• Negative Sentiment: Airbnb trades at a richer valuation than Booking Holdings, while regulatory risks affecting short-term rentals remain an overhang. Investors may therefore demand stronger earnings and guidance to justify the premium multiple. Airbnb Versus Booking

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.