Bank of New York Mellon Corp Sells 771,331 Shares of Airbnb, Inc. $ABNB

Bank of New York Mellon Corp lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 23.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,532,480 shares of the company’s stock after selling 771,331 shares during the period. Bank of New York Mellon Corp’s holdings in Airbnb were worth $343,708,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Airbnb by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company’s stock valued at $4,649,814,000 after buying an additional 649,323 shares in the last quarter. Harris Associates L P boosted its stake in Airbnb by 43.2% in the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after purchasing an additional 4,292,383 shares in the last quarter. Geode Capital Management LLC boosted its stake in Airbnb by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock worth $1,368,338,000 after purchasing an additional 47,966 shares in the last quarter. AQR Capital Management LLC boosted its stake in Airbnb by 58.6% in the 3rd quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock worth $518,456,000 after purchasing an additional 1,577,338 shares in the last quarter. Finally, Independent Franchise Partners LLP bought a new position in Airbnb in the 3rd quarter worth about $505,672,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

ABNB opened at $133.72 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $80.59 billion, a P/E ratio of 32.94, a P/E/G ratio of 1.43 and a beta of 1.16. The company’s 50-day simple moving average is $134.28 and its two-hundred day simple moving average is $130.63. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $147.25.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. Airbnb’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS. As a group, analysts predict that Airbnb, Inc. will post 4.91 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the topic of a number of analyst reports. Scotiabank initiated coverage on shares of Airbnb in a research note on Monday, May 4th. They issued an “outperform” rating on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $173.00 price target on shares of Airbnb in a research note on Thursday, May 21st. Robert W. Baird set a $150.00 price target on shares of Airbnb in a research note on Friday, May 8th. UBS Group upped their price target on shares of Airbnb from $153.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Needham & Company LLC initiated coverage on shares of Airbnb in a research note on Monday, May 4th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Airbnb presently has an average rating of “Moderate Buy” and a consensus target price of $157.67.

Trending Headlines about Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Brokerages continue to rate Airbnb at an average of “Moderate Buy,” signaling that analysts remain broadly constructive on the company’s outlook. Airbnb, Inc. (NASDAQ:ABNB) Given Average Rating of “Moderate Buy” by Brokerages
• Positive Sentiment: CEO Brian Chesky’s plans to start an AI venture could be seen as strategically important if Airbnb applies new AI tools to product design, personalization, or user experience. Airbnb CEO Brian Chesky Plans to Start a New AI Company
• Positive Sentiment: Institutional ownership remains high, suggesting continued support from large investors and reducing concerns about broad-based selling pressure.
• Neutral Sentiment: Airbnb’s latest quarter showed strong revenue growth but an EPS miss, making the stock reaction more dependent on whether investors focus on growth or profitability.
• Neutral Sentiment: Analysts’ consensus price target remains well above the current trading range, which leaves room for upside but does not guarantee near-term movement.
• Negative Sentiment: CEO Brian Chesky sold 62,764 shares, and Director Joseph Gebbia sold 265,000 shares, which can pressure sentiment because insider selling sometimes signals limited near-term upside. SEC filing for Joseph Gebbia sale SEC filing for Brian Chesky sales
• Negative Sentiment: Airbnb recently missed analyst EPS estimates, keeping some pressure on the stock as investors assess whether margins can keep up with revenue growth.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 60,136 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $145.70, for a total transaction of $8,761,815.20. Following the transaction, the insider owned 11,920 shares in the company, valued at approximately $1,736,744. This represents a 83.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 265,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $135.45, for a total transaction of $35,894,250.00. Following the transaction, the director owned 3,182,355 shares in the company, valued at $431,049,984.75. This represents a 7.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,612,370 shares of company stock worth $217,546,338. Company insiders own 27.21% of the company’s stock.

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.