Los Angeles Capital Management LLC Sells 11,794 Shares of Airbnb, Inc. $ABNB

Los Angeles Capital Management LLC cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 22.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 41,221 shares of the company’s stock after selling 11,794 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Airbnb were worth $5,455,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in ABNB. DDD Partners LLC raised its position in Airbnb by 3.9% in the 2nd quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock worth $270,000 after purchasing an additional 76 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Airbnb by 1.6% during the first quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock valued at $604,000 after buying an additional 78 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Airbnb by 12.2% in the first quarter. Harbour Investments Inc. now owns 738 shares of the company’s stock worth $88,000 after buying an additional 80 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 83 shares during the last quarter. Finally, Trivium Point Advisory LLC boosted its holdings in Airbnb by 3.0% during the 1st quarter. Trivium Point Advisory LLC now owns 3,408 shares of the company’s stock valued at $407,000 after acquiring an additional 99 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insiders Place Their Bets

In other Airbnb news, insider Nathan Blecharczyk sold 2,246 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total transaction of $281,199.20. Following the completion of the transaction, the insider owned 182,514 shares of the company’s stock, valued at approximately $22,850,752.80. This trade represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Elinor Mertz sold 12,184 shares of the company’s stock in a transaction dated 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 completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,446,760 shares of company stock worth $179,726,429. 27.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ABNB has been the topic of several analyst reports. Zacks Research raised shares of Airbnb to a “hold” rating in a research note on Tuesday, August 12th. Jefferies Financial Group decreased their price objective on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday, August 11th. Mizuho set a $156.00 target price on shares of Airbnb in a report on Friday. BMO Capital Markets set a $124.00 target price on Airbnb and gave the stock a “market perform” rating in a research note on Thursday, August 7th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $165.00 price target on shares of Airbnb in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $142.44.

Airbnb Price Performance

ABNB stock opened at $120.88 on Monday. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The firm has a 50-day moving average of $123.89 and a 200 day moving average of $128.87. The company has a market cap of $75.12 billion, a P/E ratio of 28.71, a PEG ratio of 2.21 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last announced its 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). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the company posted $2.13 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. Airbnb has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.