Assetmark Inc. Has $21.67 Million Holdings in Airbnb, Inc. $ABNB

Assetmark Inc. boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 13.7% during the first quarter, HoldingsChannel.com reports. The fund owned 171,602 shares of the company’s stock after buying an additional 20,725 shares during the quarter. Assetmark Inc.’s holdings in Airbnb were worth $21,670,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Patton Fund Management Inc. grew its stake in shares of Airbnb by 4.3% in the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock worth $254,000 after purchasing an additional 77 shares during the last quarter. BOKF NA grew its stake in Airbnb by 11.0% in the fourth quarter. BOKF NA now owns 787 shares of the company’s stock valued at $107,000 after acquiring an additional 78 shares during the period. Yoder Wealth Management Inc. increased its stake in Airbnb by 0.3% during the 4th quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock valued at $3,582,000 after purchasing an additional 84 shares in the last quarter. Private Advisor Group LLC grew its holdings in Airbnb by 1.0% during the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock worth $1,007,000 after buying an additional 86 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. boosted its stake in shares of Airbnb by 3.4% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 2,692 shares of the company’s stock worth $365,000 after buying an additional 89 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Wedbush initiated coverage with a neutral rating and a $152 price target, implying modest upside from recent levels and signaling that analysts still see value in the shares. Article link
• Positive Sentiment: Jefferies reaffirmed its buy rating on Airbnb, supporting the view that Wall Street remains constructive on the company’s longer-term growth outlook. Article link
• Neutral Sentiment: Investors are watching Airbnb’s upcoming fiscal second-quarter earnings report, with analysts expecting double-digit earnings growth; results will likely determine whether the stock can extend recent momentum. Article link
• Neutral Sentiment: Airbnb co-founder Joseph Gebbia sold about $39 million in stock under a pre-arranged 10b5-1 plan. While not necessarily a bearish signal, insider selling can create some investor caution. Article link
• Negative Sentiment: CEO Brian Chesky’s X account was reportedly hacked and used to promote crypto tokenization posts. The incident does not directly affect fundamentals, but it is a reputational and security-related distraction for the company. Article link

Analysts Set New Price Targets

ABNB has been the subject of several recent research reports. Benchmark lifted their price objective on Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Citizens Jmp boosted their target price on Airbnb from $160.00 to $170.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Cantor Fitzgerald upgraded shares of Airbnb from a “neutral” rating to an “overweight” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. raised their target price on shares of Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Airbnb in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued 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 currently has an average rating of “Moderate Buy” and a consensus target price of $159.84.

Insider Buying and Selling at Airbnb

In other news, Director Kenneth I. Chenault sold 8,346 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $150.00, for a total value of $1,251,900.00. Following the completion of the sale, the director owned 40,879 shares of the company’s stock, valued at approximately $6,131,850. This represents a 16.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Gebbia sold 2,460 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $150.00, for a total transaction of $369,000.00. Following the sale, the director directly owned 2,595,119 shares of the company’s stock, valued at $389,267,850. The trade was a 0.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,325,429 shares of company stock worth $321,925,435. 27.21% of the stock is owned by company insiders.

Airbnb Stock Performance

ABNB opened at $145.98 on Friday. The firm has a market cap of $87.98 billion, a P/E ratio of 35.96, a PEG ratio of 1.57 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $150.88. The company has a 50 day simple moving average of $139.13 and a two-hundred day simple moving average of $134.42.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the business posted $0.24 earnings per share. The business’s revenue was up 17.9% on a year-over-year basis. Equities analysts forecast that Airbnb, Inc. will post 4.92 earnings per share for the current fiscal year.

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.