Choreo LLC Has $2 Million Stock Position in Airbnb, Inc. $ABNB

Choreo LLC boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 17.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,112 shares of the company’s stock after purchasing an additional 2,221 shares during the quarter. Choreo LLC’s holdings in Airbnb were worth $2,000,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Harris Associates L P raised its position in shares of Airbnb by 86.0% during the first quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock valued at $1,188,024,000 after buying an additional 4,598,125 shares during the last quarter. AQR Capital Management LLC increased its stake in Airbnb by 81.0% during the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after acquiring an additional 1,916,676 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new position in Airbnb in the 2nd quarter valued at approximately $170,189,000. Consulta Ltd acquired a new position in Airbnb in the 1st quarter valued at approximately $149,325,000. Finally, Acadian Asset Management LLC lifted its position in shares of Airbnb by 52.9% in the 1st quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company’s stock worth $293,590,000 after acquiring an additional 850,719 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Performance

ABNB opened at $116.80 on Friday. The firm’s 50-day simple moving average is $121.83 and its 200-day simple moving average is $128.07. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The firm has a market cap of $71.90 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 2.06 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.13 earnings per share. Airbnb has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity at Airbnb

In related news, CFO Elinor Mertz sold 12,184 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $127.65, for a total transaction of $1,555,287.60. Following the sale, the chief financial officer directly owned 444,070 shares in the company, valued at $56,685,535.50. This represents a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $123.57, for a total value of $29,162,520.00. Following the sale, the director directly owned 940,015 shares of the company’s stock, valued at $116,157,653.55. This represents a 20.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,676,514 shares of company stock worth $204,832,922 over the last three months. 27.91% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ABNB shares. Zacks Research upgraded Airbnb to a “hold” rating in a research report on Tuesday, August 12th. Mizuho set a $156.00 price target on shares of Airbnb in a report on Friday, November 7th. BNP Paribas initiated coverage on shares of Airbnb in a report on Monday. They set a “hold” rating for the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $165.00 target price on shares of Airbnb in a research note on Friday, November 7th. Finally, Phillip Securities raised shares of Airbnb from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $143.31.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.