Airbnb, Inc. $ABNB Shares Purchased by AIA Group Ltd

AIA Group Ltd raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 16.6% during the first quarter, Holdings Channel reports. The firm owned 59,100 shares of the company’s stock after buying an additional 8,400 shares during the quarter. AIA Group Ltd’s holdings in Airbnb were worth $7,463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ABNB. Merit Financial Group LLC boosted its stake in shares of Airbnb by 72.1% in the fourth quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after purchasing an additional 13,818 shares during the period. North Dakota State Investment Board purchased a new stake in Airbnb during the 4th quarter worth approximately $2,785,000. North Star Asset Management Inc. lifted its holdings in Airbnb by 13.4% during the 4th quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock worth $10,663,000 after buying an additional 9,294 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Airbnb by 18.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 223,291 shares of the company’s stock worth $30,305,000 after buying an additional 34,573 shares in the last quarter. Finally, Danske Bank A S lifted its holdings in Airbnb by 11.0% during the 4th quarter. Danske Bank A S now owns 235,557 shares of the company’s stock worth $31,970,000 after buying an additional 23,422 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

ABNB opened at $145.98 on Monday. 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, Inc. has a one year low of $110.81 and a one year high of $150.88. The company has a market cap of $87.98 billion, a P/E ratio of 35.96, a PEG ratio of 1.56 and a beta of 1.14. The business’s 50-day simple moving average is $139.13 and its 200-day simple moving average is $134.40.

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). The business 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%.Airbnb’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. As a group, equities research analysts expect that Airbnb, Inc. will post 4.92 EPS for the current fiscal year.

Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 13,615 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $148.37, for a total transaction of $2,020,057.55. Following the completion of the sale, the insider owned 81,677 shares in the company, valued at approximately $12,118,416.49. The trade was a 14.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Gebbia sold 2,460 shares of the company’s stock in a transaction 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 completion of the transaction, the director owned 2,595,119 shares of the company’s stock, valued at approximately $389,267,850. The trade was a 0.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,267,429 shares of company stock worth $313,655,215 in the last ninety days. Company insiders own 27.21% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the subject of several research reports. Citigroup restated an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. Needham & Company LLC started coverage on Airbnb in a research note on Monday, May 4th. They issued a “buy” rating on the stock. B. Riley Financial reiterated a “buy” rating on shares of Airbnb in a report on Friday, May 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. Finally, Susquehanna upped their price target on Airbnb from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.84.

Key Stories 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

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.