111 Capital Trims Stake in Airbnb, Inc. $ABNB

111 Capital lessened its position in Airbnb, Inc. (NASDAQ:ABNB) by 39.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,768 shares of the company’s stock after selling 8,152 shares during the quarter. 111 Capital’s holdings in Airbnb were worth $1,733,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Airbnb in the 3rd quarter valued at $25,000. ORG Partners LLC raised its holdings in shares of Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 96 shares during the period. Wiser Advisor Group LLC purchased a new stake in shares of Airbnb in the 3rd quarter valued at $27,000. Sunbelt Securities Inc. raised its holdings in shares of Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after buying an additional 175 shares during the period. Finally, Entrust Financial LLC purchased a new stake in shares of Airbnb in the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 62,764 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $134.00, for a total transaction of $8,410,376.00. Following the completion of the sale, the chief executive officer directly owned 10,855,175 shares of the company’s stock, valued at approximately $1,454,593,450. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 265,000 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 3,182,355 shares of the company’s stock, valued at $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. In the last ninety days, insiders sold 1,612,370 shares of company stock valued at $217,546,338. 27.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. TD Cowen upped their price target on Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Oppenheimer upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a report on Monday, May 4th. Tigress Financial cut their price target on Airbnb from $200.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Wells Fargo & Company upped their price target on Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Airbnb in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Airbnb has a consensus rating of “Moderate Buy” and an average target price of $157.76.

Airbnb Trading Down 0.1%

NASDAQ:ABNB opened at $133.54 on Friday. The stock’s 50 day moving average price is $134.32 and its 200 day moving average price is $130.65. The company has a market capitalization of $80.49 billion, a PE ratio of 32.89, a P/E/G ratio of 1.43 and a beta of 1.16. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $147.25.

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

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.