Integrated Wealth Concepts LLC trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 11.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,540 shares of the company’s stock after selling 3,281 shares during the period. Integrated Wealth Concepts LLC’s holdings in Airbnb were worth $3,655,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its holdings in shares of Airbnb by 13,162.3% in the second quarter. California State Teachers Retirement System now owns 91,253,439 shares of the company’s stock valued at $13,058,367,000 after buying an additional 90,565,372 shares in the last quarter. Harris Associates L P raised its position in shares of Airbnb by 43.2% during the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after purchasing an additional 4,292,383 shares during the period. Norges Bank acquired a new stake in shares of Airbnb during the fourth quarter worth $480,332,000. Jennison Associates LLC lifted its holdings in shares of Airbnb by 9,331.0% during the first quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock valued at $400,681,000 after purchasing an additional 3,139,315 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Airbnb by 453.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock valued at $403,782,000 after purchasing an additional 2,724,682 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.
More Airbnb News
Here are the key news stories impacting Airbnb this week:
- Positive Sentiment: Analyst optimism supports the stock. Robert W. Baird forecast strong price appreciation, while Raymond James upgraded Airbnb to Outperform, signaling confidence in the company’s growth prospects and valuation. Robert W. Baird Forecasts Strong Price Appreciation for Airbnb Airbnb Raised to Outperform at Raymond James
- Positive Sentiment: Management highlighted artificial-intelligence advantages. CEO Brian Chesky said Airbnb is incorporating AI into its online infrastructure and is growing faster than competitors, potentially improving search, personalization, customer service and operating efficiency. Airbnb CEO Discusses AI and Growth
- Positive Sentiment: A bullish growth thesis is attracting attention. One market commentary argues that Airbnb’s anticipated “great growth cycle” may be underway, reinforcing the positive narrative around the company’s expansion and earnings potential. Airbnb Growth Cycle Commentary
- Neutral Sentiment: Investor attention has increased. Airbnb was among the stocks heavily searched on Zacks, which can raise visibility but does not by itself indicate stronger fundamentals or future returns. Investors Search Airbnb
- Neutral Sentiment: Short-interest data offers no meaningful signal. The reported figures show zero shares sold short and a zero-day days-to-cover ratio, suggesting the data may be incomplete or erroneous rather than indicating a genuine change in positioning.
- Negative Sentiment: Potential EU restrictions could pressure Airbnb’s business. Proposed European rules would create a common framework for housing measures and could enable tighter limits on short-term rentals. Additional restrictions may reduce listings, increase compliance costs and constrain revenue in an important market. The proposal still requires approval from EU governments and the European Parliament. Airbnb Faces Potential EU Restrictions
Insider Buying and Selling
Analyst Ratings Changes
Several analysts have issued reports on ABNB shares. BMO Capital Markets boosted their price objective on Airbnb from $146.00 to $165.00 and gave the stock a “market perform” rating in a report on Monday, August 10th. Robert W. Baird upped their price objective on shares of Airbnb from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, September 8th. Cantor Fitzgerald lifted their target price on shares of Airbnb from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Wedbush raised shares of Airbnb from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $152.00 to $200.00 in a research report on Friday, August 7th. Finally, Citigroup boosted their price target on shares of Airbnb from $175.00 to $193.00 and gave the company a “buy” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Moderate Buy” and an average price target of $179.97.
Get Our Latest Analysis on Airbnb
Airbnb Stock Up 1.5%
Airbnb stock opened at $170.19 on Friday. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $193.45. 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 firm has a market cap of $101.91 billion, a PE ratio of 38.68, a P/E/G ratio of 1.96 and a beta of 1.16. The firm’s 50 day moving average price is $165.60 and its two-hundred day moving average price is $145.65.
Airbnb (NASDAQ:ABNB – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) 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 company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same quarter last year, the business posted $1.03 EPS. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, research analysts predict that Airbnb, Inc. will post 5.24 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 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.
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