Kornitzer Capital Management Inc. KS Sells 12,000 Shares of Airbnb, Inc. $ABNB

Kornitzer Capital Management Inc. KS lessened its position in Airbnb, Inc. (NASDAQ:ABNB) by 90.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,330 shares of the company’s stock after selling 12,000 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Airbnb were worth $214,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Carmignac Gestion lifted its position in shares of Airbnb by 40.8% during the 1st quarter. Carmignac Gestion now owns 659,570 shares of the company’s stock worth $83,290,000 after purchasing an additional 191,200 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its stake in Airbnb by 16.5% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 85,116 shares of the company’s stock valued at $13,674,000 after purchasing an additional 12,025 shares during the period. OMERS ADMINISTRATION Corp grew its holdings in Airbnb by 21.7% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 42,696 shares of the company’s stock valued at $5,392,000 after buying an additional 7,613 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Airbnb by 114.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,401,521 shares of the company’s stock valued at $546,454,000 after buying an additional 1,816,522 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in Airbnb by 11.0% in the 3rd quarter. Diversify Advisory Services LLC now owns 73,815 shares of the company’s stock valued at $12,865,000 after buying an additional 7,329 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Jefferies Financial Group lifted their price target on Airbnb from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America increased their price objective on Airbnb from $160.00 to $175.00 in a research report on Friday, August 7th. Canaccord Genuity Group raised their price objective on shares of Airbnb from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday. FBN Securities started coverage on shares of Airbnb in a research note on Friday, October 2nd. They issued an “outperform” rating on the stock. Finally, DA Davidson boosted their target price on shares of Airbnb from $175.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Airbnb has an average rating of “Moderate Buy” and a consensus target price of $195.46.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $186.90 on Wednesday. The firm has a market capitalization of $111.91 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 2.03 and a beta of 1.26. Airbnb, Inc. has a one year low of $110.81 and a one year high of $197.87. The business has a fifty day simple moving average of $169.16 and a 200 day simple moving average of $148.26. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 5th. The company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.31. The firm had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.75 billion. Airbnb had a net margin of 23.02% and a return on equity of 38.94%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.21 earnings per share. Sell-side analysts expect that Airbnb, Inc. will post 5.47 EPS for the current year.

Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 202,652 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $190.28, for a total transaction of $38,560,622.56. Following the completion of the transaction, the insider directly owned 179,567 shares of the company’s stock, valued at approximately $34,168,008.76. This trade represents a 53.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 638,891 shares of company stock worth $120,204,649. 27.21% of the stock is currently owned by company insiders.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb reported third-quarter earnings and revenue above analyst expectations, with revenue up 18.9% year over year, and authorized a $12 billion share repurchase program. The results and buyback helped lift shares previously. Why Airbnb stock is up today
• Positive Sentiment: CEO Brian Chesky said AI-assistant improvements reduced customer-support cost per booking by 17% year over year, pointing to potential efficiency gains and margin support. Airbnb reduces customer support cost per booking
• Positive Sentiment: Rothschild Redburn upgraded Airbnb from “sell” to “neutral” and raised its price target from $135 to $190, acknowledging its prior cautious view had been wrong over the past year. Redburn revises its Airbnb stance
• Neutral Sentiment: Airbnb and other platforms report very little use of third-party AI agents to book travel or handle errands so far. That suggests limited near-term disruption, but also indicates AI-agent bookings are not yet a meaningful growth driver. AI agents see little use on travel platforms
• Negative Sentiment: Travel stocks, including Airbnb, came under pressure after reports that OpenAI acquired AI travel-planning platform Odessia. Investors may worry that AI companies could become stronger competitors in travel discovery and bookings. Travel stocks fall on OpenAI acquisition report

Airbnb Company Profile

Airbnb operates an online marketplace that connects travelers with hosts offering short-term stays and other travel-related services. Listings include apartments, houses, rooms and distinctive accommodations, with options ranging from brief visits to longer stays. The platform also offers bookable experiences in destinations around the world. Founded in 2007 in San Francisco, Airbnb was started by Brian Chesky, Nathan Blecharczyk and Joe Gebbia. The company serves guests and hosts in more than 220 countries and regions, providing tools for listing properties, managing reservations and handling payments.