AXQ Capital LP Sells 4,143 Shares of Airbnb, Inc. $ABNB

AXQ Capital LP decreased its position in Airbnb, Inc. (NASDAQ:ABNB) by 69.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,802 shares of the company’s stock after selling 4,143 shares during the quarter. AXQ Capital LP’s holdings in Airbnb were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ABNB. Aster Capital Management DIFC Ltd bought a new stake in Airbnb in the 3rd quarter worth approximately $25,000. ORG Partners LLC increased its position in shares of Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares during the last quarter. Wiser Advisor Group LLC bought a new position in shares of Airbnb during the 3rd quarter valued at approximately $27,000. Sunbelt Securities Inc. increased its position in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Finally, Entrust Financial LLC bought a new position in shares of Airbnb during the 4th quarter valued at approximately $27,000. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

ABNB has been the topic of several analyst reports. Barclays boosted their target price on Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Rodman & Renshaw initiated coverage on Airbnb in a research report on Monday, May 4th. They set a “buy” rating on the stock. BMO Capital Markets boosted their target price on Airbnb from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. boosted their target price on Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Needham & Company LLC initiated coverage on Airbnb in a report on Monday, May 4th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Airbnb currently has an average rating of “Moderate Buy” and a consensus target price of $157.76.

Trending Headlines about 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

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 62,764 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $134.00, for a total value of $8,410,376.00. Following the sale, the chief executive officer owned 10,855,175 shares in the company, valued at $1,454,593,450. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elinor Mertz sold 7,433 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $136.24, for a total value of $1,012,671.92. Following the completion of the sale, the chief financial officer owned 449,040 shares in the company, valued at $61,177,209.60. The trade was a 1.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,612,370 shares of company stock worth $217,546,338 over the last quarter. 27.21% of the stock is currently owned by insiders.

Airbnb Stock Down 0.1%

Shares of ABNB stock opened at $133.54 on Friday. The stock’s 50-day simple moving average is $134.32 and its 200-day simple moving average is $130.65. 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 firm 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. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25.

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