Malaga Cove Capital LLC Purchases 467 Shares of Airbnb, Inc. $ABNB

Malaga Cove Capital LLC boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 7.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,405 shares of the company’s stock after acquiring an additional 467 shares during the period. Malaga Cove Capital LLC’s holdings in Airbnb were worth $848,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ABNB. Kentucky Trust Co purchased a new stake in shares of Airbnb during the 2nd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. increased its position in Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. Concord Wealth Partners purchased a new stake in Airbnb in the second quarter valued at about $28,000. Whipplewood Advisors LLC boosted its holdings in Airbnb by 235.3% in the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after acquiring an additional 160 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its holdings in Airbnb by 363.6% in the second quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Performance

NASDAQ:ABNB opened at $120.53 on Friday. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The firm has a market cap of $74.90 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 2.23 and a beta of 1.11. The firm’s fifty day moving average is $124.09 and its two-hundred day moving average is $128.63.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the firm earned $2.13 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. Airbnb has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In related news, insider Nathan Blecharczyk sold 2,246 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total value of $281,199.20. Following the completion of the transaction, the insider directly owned 182,514 shares in the company, valued at $22,850,752.80. The trade was a 1.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $119.22, for a total transaction of $28,135,920.00. Following the sale, the director owned 704,015 shares in the company, valued at approximately $83,932,668.30. This represents a 25.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,446,760 shares of company stock valued at $179,726,429. 27.91% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. UBS Group dropped their target price on shares of Airbnb from $148.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Truist Financial lowered their price objective on shares of Airbnb from $106.00 to $104.00 and set a “sell” rating for the company in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. upped their target price on Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Jefferies Financial Group lowered their price target on Airbnb from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Finally, Phillip Securities raised Airbnb from a “moderate sell” rating to a “hold” rating in a report on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $141.70.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.