Zevenbergen Capital Investments LLC Purchases 10,771 Shares of Airbnb, Inc. $ABNB

Zevenbergen Capital Investments LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,771 shares of the company’s stock, valued at approximately $1,730,000.

Other institutional investors have also modified their holdings of the company. Carmignac Gestion lifted its stake in shares of Airbnb by 40.8% in the 1st quarter. Carmignac Gestion now owns 659,570 shares of the company’s stock worth $83,290,000 after acquiring an additional 191,200 shares during the period. OMERS ADMINISTRATION Corp lifted its position in Airbnb by 21.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 42,696 shares of the company’s stock valued at $5,392,000 after purchasing an additional 7,613 shares during the period. NFJ Investment Group LLC purchased a new stake in Airbnb in the 4th quarter valued at approximately $13,961,000. Plato Investment Management Ltd acquired a new position in Airbnb during the 2nd quarter worth approximately $3,070,000. Finally, SummitTX Capital L.P. acquired a new position in Airbnb during the 1st quarter worth approximately $2,645,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: A CNBC “Final Trades” panelist selected Airbnb, adding to the stock’s positive visibility among market commentators and growth investors. ServiceTitan, Meta, SK Hynix And A Consumer Cyclical Stock On CNBC’s Final Trades
• Positive Sentiment: Growth-oriented coverage highlighted Airbnb’s revenue and earnings characteristics as reasons the company could outperform the broader market, reinforcing the investment case for long-term growth investors. 3 Reasons Growth Investors Will Love Airbnb
• Positive Sentiment: A Q3 investor letter argued that Airbnb’s differentiated, real-world travel marketplace may be relatively insulated from artificial-intelligence disintermediation. That supports the view that Airbnb’s platform and brand provide durable competitive advantages. Why Airbnb’s Exclusivity Insulates It From AI Disintegration
• Positive Sentiment: Coverage comparing Airbnb with consumer-discretionary peers suggests the stock has shown competitive performance this year, helping attract additional investor attention. Is Airbnb Stock Outpacing Its Consumer Discretionary Peers This Year?
• Neutral Sentiment: Zacks and other financial outlets noted unusually high investor attention toward ABNB. The articles primarily discuss the stock’s outlook and screening factors rather than announce a new corporate catalyst. Airbnb Is Attracting Investor Attention
• Negative Sentiment: The current reports do not provide a fresh earnings revision, new product announcement or specific analyst price target. Consequently, the recent strength appears driven more by sentiment and favorable commentary than by a newly disclosed fundamental change.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ABNB. KeyCorp initiated coverage on Airbnb in a report on Friday, October 2nd. They set a “sector weight” rating on the stock. Truist Financial upped their price target on shares of Airbnb from $134.00 to $161.00 and gave the stock a “hold” rating in a research note on Thursday, September 10th. BMO Capital Markets raised their price objective on shares of Airbnb from $146.00 to $165.00 and gave the company a “market perform” rating in a research note on Monday, August 10th. DA Davidson raised their price objective on Airbnb from $175.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Finally, UBS Group upped their target price on Airbnb from $163.00 to $172.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Airbnb has a consensus rating of “Moderate Buy” and an average target price of $182.94.

Airbnb Trading Up 1.6%

Shares of NASDAQ:ABNB traded up $2.60 during trading on Thursday, reaching $163.23. The stock had a trading volume of 3,450,357 shares, compared to its average volume of 4,342,486. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $193.45. The business has a fifty day moving average price of $171.13 and a 200-day moving average price of $149.54. The stock has a market cap of $97.74 billion, a P/E ratio of 37.10, a PEG ratio of 1.84 and a beta of 1.24. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.11. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the previous year, the firm posted $1.03 EPS. Airbnb’s revenue was up 16.3% on a year-over-year basis. As a group, analysts anticipate that Airbnb, Inc. will post 5.28 earnings per share for the current fiscal year.

Insider Activity

In other Airbnb news, CEO Brian Chesky sold 200,000 shares of Airbnb stock in a transaction on Friday, August 7th. The shares were sold at an average price of $174.79, for a total value of $34,958,000.00. Following the transaction, the chief executive officer owned 10,501,685 shares in the company, valued at $1,835,589,521.15. This trade represents a 1.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nathan Blecharczyk sold 531,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $174.41, for a total value of $92,611,710.00. Following the sale, the insider owned 171,370 shares of the company’s stock, valued at approximately $29,888,641.70. The trade was a 75.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,549,346 shares of company stock valued at $268,898,016 in the last 90 days. 27.21% of the stock is currently owned by insiders.

Airbnb Company Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel-related experiences with hosts offering homes, apartments, rooms and other lodging options. The company’s platform supports booking and managing stays in a wide range of destinations, from major cities to rural and resort areas.

In addition to accommodations, Airbnb offers experiences hosted by local residents, including activities, tours and cultural events. The company has also expanded its platform to include services in select markets, such as offerings related to hospitality, wellness, food and other travel needs.