Rockefeller Capital Management L.P. Buys 5,019 Shares of Airbnb, Inc. $ABNB

Rockefeller Capital Management L.P. raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,837 shares of the company’s stock after acquiring an additional 5,019 shares during the period. Rockefeller Capital Management L.P.’s holdings in Airbnb were worth $10,830,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Airbnb by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company’s stock worth $4,475,286,000 after purchasing an additional 604,120 shares in the last quarter. Harris Associates L P increased its stake in Airbnb by 86.0% during the 1st quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock valued at $1,188,024,000 after purchasing an additional 4,598,125 shares in the last quarter. Geode Capital Management LLC raised its holdings in Airbnb by 1.5% in the second quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock worth $1,314,057,000 after buying an additional 145,788 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Airbnb by 2.5% in the first quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock worth $525,979,000 after buying an additional 106,135 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Airbnb by 81.0% in the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after buying an additional 1,916,676 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $120.66, for a total transaction of $28,475,760.00. Following the completion of the sale, the director directly owned 232,015 shares in the company, valued at approximately $27,994,929.90. The trade was a 50.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $121.38, for a total transaction of $72,828.00. Following the completion of the transaction, the chief technology officer owned 194,806 shares in the company, valued at $23,645,552.28. The trade was a 0.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,444,514 shares of company stock valued at $178,333,882 in the last quarter. 27.91% of the stock is currently owned by insiders.

Airbnb Price Performance

NASDAQ ABNB opened at $114.44 on Thursday. The stock has a market capitalization of $70.44 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 2.03 and a beta of 1.11. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The business’s fifty day moving average price is $122.91 and its 200-day moving average price is $128.60.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the company posted $2.13 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. Airbnb has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. KeyCorp began coverage on Airbnb in a research note on Thursday, October 23rd. They set a “sector weight” rating on the stock. BMO Capital Markets set a $124.00 price target on Airbnb and gave the stock a “market perform” rating in a research note on Thursday, August 7th. Wedbush reaffirmed a “neutral” rating and set a $130.00 price target on shares of Airbnb in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Airbnb in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $143.31.

About Airbnb

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.