Artisan Partners Limited Partnership Buys 468,926 Shares of Airbnb, Inc. $ABNB

Artisan Partners Limited Partnership raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 52.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,356,963 shares of the company’s stock after purchasing an additional 468,926 shares during the period. Artisan Partners Limited Partnership’s holdings in Airbnb were worth $184,167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sumitomo Life Insurance Co. raised its position in shares of Airbnb by 15.0% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock valued at $8,022,000 after buying an additional 8,636 shares in the last quarter. Merit Financial Group LLC raised its position in shares of Airbnb by 72.1% during the 4th quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after buying an additional 13,818 shares in the last quarter. ARK Investment Management LLC raised its position in shares of Airbnb by 30.7% during the 3rd quarter. ARK Investment Management LLC now owns 1,035,828 shares of the company’s stock valued at $125,770,000 after buying an additional 243,299 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Airbnb by 14.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,529,652 shares of the company’s stock valued at $185,730,000 after buying an additional 195,055 shares in the last quarter. Finally, North Dakota State Investment Board purchased a new stake in shares of Airbnb during the 4th quarter valued at about $2,785,000. Institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 60,136 shares of Airbnb stock in a transaction that occurred on 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 directly owned 11,920 shares of the company’s stock, valued at $1,736,744. This trade represents a 83.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Joseph Gebbia sold 265,000 shares of Airbnb stock in a transaction that occurred on 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 directly owned 3,182,355 shares in the company, valued at approximately $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. Insiders have sold a total of 1,677,117 shares of company stock valued at $226,595,468 over the last ninety days. 27.21% of the stock is owned by company insiders.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb gained on a market-wide relief rally tied to the reported peace deal and reopening of the Strait of Hormuz, which reduced geopolitical and oil-price fears and supported travel stocks. Why Airbnb (ABNB) Stock Is Trading Up Today
• Neutral Sentiment: Truist raised its price target on Airbnb to $134 from $129, but kept a Hold rating, suggesting limited near-term upside from current levels. Airbnb Price Target Raised by Truist
• Neutral Sentiment: Baron Capital highlighted Airbnb in its latest fund letter, focusing on the company’s resilience as AI reshapes the travel and real estate landscape; this is more of a long-term investment discussion than a direct catalyst. Is Airbnb (ABNB) Resilient to AI Transition?

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $141.20 on Wednesday. The firm has a market cap of $85.10 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16. The firm’s 50 day simple moving average is $135.51 and its 200-day simple moving average is $131.68. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data 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 business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. As a group, equities analysts predict that Airbnb, Inc. will post 4.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ABNB. Wells Fargo & Company increased their price objective on shares of Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Citizens Jmp increased their price objective on shares of Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. Evercore reissued an “outperform” rating on shares of Airbnb in a research report on Friday, May 8th. Weiss Ratings raised shares of Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 12th. Finally, Jefferies Financial Group set a $160.00 price objective on shares of Airbnb in a research report on Friday, June 5th. Two equities research 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 given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.96.

Airbnb 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.