Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 3,485 Shares of Airbnb, Inc. $ABNB

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 104.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,832 shares of the company’s stock after buying an additional 3,485 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Airbnb were worth $863,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC boosted its position in shares of Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after acquiring an additional 112 shares during the period. ORG Partners LLC grew its stake in shares of Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares in the last quarter. Entrust Financial LLC bought a new position in Airbnb during the fourth quarter worth about $27,000. Aventura Private Wealth LLC bought a new position in Airbnb during the fourth quarter worth about $29,000. Finally, Sunbelt Securities Inc. increased its position in Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares during the period. Institutional investors own 80.76% of the company’s stock.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Wedbush initiated coverage on Airbnb with a Neutral rating and a $152 price target, implying modest upside from current levels and helping reinforce investor confidence. Read More
• Positive Sentiment: Jefferies reiterated its Buy rating on Airbnb, adding to the recent stream of bullish analyst commentary around the company. Article link
• Positive Sentiment: Baird previously lifted its price target on Airbnb to $160 from $150 while keeping an Outperform rating, suggesting Wall Street sees room for further gains. Article link
• Neutral Sentiment: Airbnb is attracting elevated investor attention online, but the search activity itself does not provide a clear fundamental catalyst. Article link
• Neutral Sentiment: Airbnb co-founder Joseph Gebbia sold about $39 million of stock through a pre-arranged 10b5-1 plan; the transaction reduced his stake, but the sale was planned in advance and does not necessarily signal negative business fundamentals. Article link
• Negative Sentiment: News that Airbnb CEO Brian Chesky’s X account was hijacked in an AI-driven crypto scam could raise investor concerns about cybersecurity and brand risk, even though the incident appears to involve his personal account rather than the core platform. Article link

Wall Street Analyst Weigh In

ABNB has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Airbnb from $153.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Tigress Financial lowered their target price on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Truist Financial lifted their price target on shares of Airbnb from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, June 12th. Cantor Fitzgerald upgraded shares of Airbnb from a “neutral” rating to an “overweight” rating in a research report on Monday, May 4th. Finally, Robert W. Baird boosted their price target on Airbnb from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $159.84.

Airbnb Trading Down 0.4%

Shares of Airbnb stock opened at $147.80 on Friday. 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 12-month low of $110.81 and a 12-month high of $150.88. The company has a market capitalization of $89.08 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 1.59 and a beta of 1.14. The firm’s 50-day moving average price is $139.04 and its two-hundred day moving average price is $134.33.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, May 7th. The company reported $0.26 EPS 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 firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Airbnb’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, analysts forecast that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In other Airbnb news, CEO Brian Chesky sold 265,746 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $132.22, for a total value of $35,136,936.12. Following the sale, the chief executive officer owned 11,206,389 shares of the company’s stock, valued at approximately $1,481,708,753.58. This trade represents a 2.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 88,366 shares of Airbnb stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $145.81, for a total value of $12,884,646.46. Following the completion of the transaction, the insider owned 12,370 shares in the company, valued at approximately $1,803,669.70. The trade was a 87.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,325,429 shares of company stock valued at $321,925,435 over the last three months. 27.21% of the stock is owned by insiders.

About Airbnb

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.