Slow Capital Inc. Acquires 14,834 Shares of Airbnb, Inc. $ABNB

Slow Capital Inc. acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 14,834 shares of the company’s stock, valued at approximately $2,383,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ABNB. Wedmont Private Capital boosted its stake in shares of Airbnb by 1.7% during the second quarter. Wedmont Private Capital now owns 4,517 shares of the company’s stock valued at $671,000 after purchasing an additional 75 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in Airbnb by 1.3% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock worth $727,000 after buying an additional 76 shares during the period. Parkside Financial Bank & Trust increased its stake in Airbnb by 11.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 800 shares of the company’s stock worth $114,000 after buying an additional 82 shares during the period. Fermata Advisors LLC increased its stake in Airbnb by 5.7% in the 3rd quarter. Fermata Advisors LLC now owns 1,645 shares of the company’s stock worth $264,000 after buying an additional 88 shares during the period. Finally, Norman Fields Gottscho Capital Management LLC lifted its holdings in Airbnb by 3.0% during the 2nd quarter. Norman Fields Gottscho Capital Management LLC now owns 3,085 shares of the company’s stock valued at $441,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb announced an exclusive partnership with American Express that adds more than 1 million listings to Amex Travel. Eligible cardholders can book stays directly, earn Membership Rewards, and receive select lodging or Experiences credits. The arrangement could improve Airbnb’s visibility, increase bookings, and expand access to affluent travelers. American Express and Airbnb Launch Exclusive Partnership
• Positive Sentiment: RBC Capital reiterated its Buy rating, while Zacks highlighted Airbnb’s growth characteristics as potential reasons the stock could outperform. The bullish case is supported by Airbnb’s global platform, more than 5 million hosts, international reach, and continued expansion of its travel ecosystem. RBC Capital Keeps Their Buy Rating on Airbnb
• Neutral Sentiment: Airbnb’s new guest-checkout rules limit hosts from requiring chores such as washing dishes, taking out trash, or stripping beds. The policy may improve the guest experience and reduce complaints, but its financial impact is uncertain because hosts could raise cleaning fees or alter listings. Airbnb Limits Cleaning Chores Hosts Can Require From Guests
• Negative Sentiment: Some hosts have criticized the chore restrictions and threatened to leave the platform, arguing that the changes could increase operating costs. Any meaningful loss of hosts, higher fees, or reduced listing supply would pose a risk to Airbnb’s marketplace and margins. Airbnb Limits Chores for Guests, Sparking Backlash From Hosts
• Neutral Sentiment: Commentary on whether Airbnb is a buy now focuses on execution and valuation. With shares trading near their 12-month high and at a relatively elevated earnings multiple, investors may require continued booking growth and strong profitability to justify further gains. What Needs To Be True To Buy Airbnb Stock Now?

Insider Transactions at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 13,615 shares of the firm’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $165.18, for a total transaction of $2,248,925.70. Following the transaction, the insider owned 20,567 shares of the company’s stock, valued at approximately $3,397,257.06. This trade represents a 39.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO David C. Bernstein sold 1,369 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $168.01, for a total transaction of $230,005.69. Following the transaction, the chief accounting officer directly owned 45,655 shares in the company, valued at $7,670,496.55. This trade represents a 2.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,285,715 shares of company stock valued at $230,786,418. 27.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ABNB has been the subject of several research reports. Piper Sandler set a $150.00 price objective on shares of Airbnb in a research report on Friday, August 7th. UBS Group upped their target price on shares of Airbnb from $163.00 to $172.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Rothschild & Co Redburn raised their target price on shares of Airbnb from $115.00 to $135.00 and gave the stock a “sell” rating in a research report on Monday, August 10th. Benchmark raised their target price on shares of Airbnb from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Citizens Jmp lifted their price target on shares of Airbnb from $190.00 to $200.00 and gave the company a “market outperform” rating in a research note on Friday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Airbnb currently has a consensus rating of “Moderate Buy” and an average price target of $181.93.

Airbnb Price Performance

Shares of ABNB stock opened at $172.01 on Monday. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $193.45. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $171.97 and a two-hundred day simple moving average of $153.20. The stock has a market capitalization of $103.00 billion, a price-to-earnings ratio of 39.09, a P/E/G ratio of 1.97 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.26 by $0.11. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. On average, analysts predict that Airbnb, Inc. will post 5.29 EPS for the current fiscal year.

About Airbnb

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and service providers. Its platform enables users to search for, book and review a broad range of stays, including private rooms, entire homes, apartments and other distinctive properties.

In addition to lodging, Airbnb offers experiences and activities hosted by local individuals and businesses. The company also provides tools and services that help hosts create listings, manage bookings, communicate with guests and receive payments.