National Pension Service Purchases 33,546 Shares of Airbnb, Inc. $ABNB

National Pension Service boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 756,339 shares of the company’s stock after acquiring an additional 33,546 shares during the period. National Pension Service’s holdings in Airbnb were worth $108,232,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ABNB. North Dakota State Investment Board bought a new position in Airbnb during the fourth quarter worth $2,785,000. North Star Asset Management Inc. boosted its holdings in Airbnb by 13.4% in the 4th quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock valued at $10,663,000 after purchasing an additional 9,294 shares during the period. Carmignac Gestion boosted its holdings in Airbnb by 40.8% in the 1st quarter. Carmignac Gestion now owns 659,570 shares of the company’s stock valued at $83,290,000 after purchasing an additional 191,200 shares during the period. OMERS ADMINISTRATION Corp grew its position in Airbnb by 21.7% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 42,696 shares of the company’s stock worth $5,392,000 after purchasing an additional 7,613 shares during the last quarter. Finally, Markel Group Inc. grew its position in Airbnb by 5.8% in the 4th quarter. Markel Group Inc. now owns 240,289 shares of the company’s stock worth $32,612,000 after purchasing an additional 13,156 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Citigroup boosted their price objective on shares of Airbnb from $175.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Raymond James Financial upgraded shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $200.00 target price for the company in a research note on Tuesday. KeyCorp reissued a “sector weight” rating on shares of Airbnb in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Airbnb in a research note on Monday, August 31st. Finally, Weiss Ratings raised Airbnb from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $179.97.

Insider Activity at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 13,615 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $187.27, for a total transaction of $2,549,681.05. Following the sale, the insider directly owned 20,567 shares of the company’s stock, valued at approximately $3,851,582.09. This represents a 39.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $173.61, for a total transaction of $3,472,200.00. Following the sale, the chief executive officer directly owned 5,854 shares of the company’s stock, valued at approximately $1,016,312.94. The trade was a 77.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,288,689 shares of company stock valued at $374,988,733 in the last 90 days. 27.21% of the stock is owned by corporate insiders.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Analyst sentiment improved: Robert W. Baird forecast strong potential price appreciation, while Raymond James raised Airbnb to “Outperform.” These actions may support the stock by reinforcing confidence in its growth outlook. Robert W. Baird Forecasts Strong Price Appreciation for Airbnb Stock Airbnb Raised to Outperform at Raymond James Financial
• Positive Sentiment: AI and growth narrative: CEO Brian Chesky said Airbnb is growing faster than competitors partly because of its use of artificial intelligence in its online infrastructure. Investors may view AI integration as a potential catalyst for better customer experiences, efficiency and long-term growth. Airbnb CEO Discusses Growth and AI
• Positive Sentiment: Optimistic growth commentary: A recent analysis argued that Airbnb’s anticipated “great growth cycle” may be emerging, adding to the bullish case around the company’s operating momentum. Airbnb Great Growth Cycle Analysis
• Neutral Sentiment: Investor attention increased: Airbnb was among the stocks receiving heavy search interest on Zacks, but the reports did not identify a specific fundamental development. Elevated attention can increase trading activity without necessarily indicating a change in fair value. Investors Heavily Search Airbnb
• Neutral Sentiment: Short-interest data provided no meaningful signal: Reported short interest was zero, with a zero-day days-to-cover ratio and an invalid comparison percentage, making the item unreliable for assessing investor positioning.
• Negative Sentiment: European regulatory risk dominated: Proposed EU rules would give countries and cities more flexibility to restrict short-term rentals as policymakers respond to housing shortages and affordability concerns. New limits could reduce Airbnb’s available listings, booking activity or market access across Europe, although the proposal still requires approval and implementation. Airbnb Faces Potential EU Restrictions

Airbnb Price Performance

NASDAQ:ABNB opened at $167.65 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41. The company has a 50-day moving average of $165.18 and a 200-day moving average of $145.47. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $193.45. The company has a market capitalization of $100.39 billion, a price-to-earnings ratio of 38.10, a PEG ratio of 1.96 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter in the previous year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. As a group, equities research analysts anticipate that Airbnb, Inc. will post 5.24 earnings per share for the current fiscal year.

Airbnb Company Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and other service providers. Through its platform and mobile applications, users can search for, book and review a broad range of lodging options, including private homes, apartments, rooms and other distinctive properties.

The company also offers Airbnb Experiences, which enables guests to discover and book activities hosted by local experts. In addition, Airbnb has expanded into related travel services, including services designed to support hosts and help them manage listings, reservations and guest relationships.

Founded in 2008 by Brian Chesky, Joe Gebbia and Nathan Blecharczyk, Airbnb serves travelers and hosts across a broad international market, with listings and activities available in destinations around the world.