Clearbridge Investments LLC Purchases 216,455 Shares of Airbnb, Inc. $ABNB

Clearbridge Investments LLC increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,073,947 shares of the company’s stock after purchasing an additional 216,455 shares during the quarter. Clearbridge Investments LLC’s holdings in Airbnb were worth $824,356,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. ORG Partners LLC lifted its stake in shares of Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares during the last quarter. Entrust Financial LLC purchased a new stake in shares of Airbnb during the 4th quarter worth $27,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Airbnb during the 3rd quarter worth $25,000. Aventura Private Wealth LLC purchased a new stake in shares of Airbnb during the 4th quarter worth $29,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Airbnb

In other news, CFO Elinor Mertz sold 7,433 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $136.24, for a total value of $1,012,671.92. Following the completion of the transaction, the chief financial officer directly owned 449,040 shares in the company, valued at $61,177,209.60. This trade represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph Gebbia sold 265,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $135.45, for a total value of $35,894,250.00. Following the completion of the transaction, the director owned 3,182,355 shares of the company’s stock, valued at approximately $431,049,984.75. The trade was a 7.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,612,370 shares of company stock worth $217,546,338. 27.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. DA Davidson upped their price objective on Airbnb from $150.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Barclays upped their price objective on Airbnb from $122.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Susquehanna upped their price objective on Airbnb from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Sanford C. Bernstein restated an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. Finally, Weiss Ratings upgraded Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.76.

Airbnb Trading Down 0.1%

Airbnb stock opened at $133.54 on Friday. The stock has a 50-day moving average of $134.32 and a two-hundred day moving average of $130.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.25. The stock has a market cap of $80.49 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the business posted $0.24 earnings per share. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, research analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Jefferies said Airbnb’s expansion into hotels, experiences, and higher take rates could add about $1.8 billion in revenue by 2030, and reiterated a Buy rating, reinforcing the bullish case for multi-year growth. Airbnb hotels and experiences push could add $1.8B to 2030 revenue, Jefferies estimates
• Positive Sentiment: Broker sentiment remains broadly supportive, with Airbnb carrying a consensus “Moderate Buy” rating and several firms raising price targets, suggesting Wall Street still sees upside from current levels. Airbnb stock report and analyst ratings
• Neutral Sentiment: Market commentary is questioning whether Airbnb’s valuation already reflects most of the upside after a flat share-price performance and recent regulatory headlines, which may keep investors cautious near term. Is It Time To Reconsider Airbnb (ABNB) After Flat Returns And Regulatory Headlines?
• Neutral Sentiment: CEO Brian Chesky’s reported move to build a separate AI venture is strategically interesting, but it is not directly tied to Airbnb’s core travel business and has an uncertain near-term financial impact. Airbnb CEO Brian Chesky Plans to Start a New AI Company
• Negative Sentiment: Insider selling is the clearest near-term negative: Director Joseph Gebbia sold 265,000 shares and CFO Elinor Mertz sold 7,433 shares, while Brian Chesky also sold shares, which can raise concerns about management’s confidence in short-term upside. SEC filing for Joseph Gebbia sale SEC filing for Elinor Mertz sale SEC filing for Brian Chesky sales

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.