Geode Capital Management LLC Has $1.37 Billion Position in Airbnb, Inc. $ABNB

Geode Capital Management LLC increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 0.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,076,465 shares of the company’s stock after purchasing an additional 47,966 shares during the quarter. Geode Capital Management LLC’s holdings in Airbnb were worth $1,368,338,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ABNB. Caxton Associates LLP acquired a new stake in Airbnb in the 1st quarter worth approximately $258,000. Intech Investment Management LLC lifted its holdings in Airbnb by 55.8% in the 1st quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock worth $1,453,000 after purchasing an additional 4,353 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Airbnb by 18.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after purchasing an additional 927 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Airbnb in the 2nd quarter worth approximately $411,000. Finally, NewEdge Advisors LLC lifted its holdings in Airbnb by 9.8% in the 2nd quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock worth $7,153,000 after purchasing an additional 4,811 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Tigress Financial reduced their target price on Airbnb from $200.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Weiss Ratings upgraded Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. Sanford C. Bernstein restated an “outperform” rating on shares of Airbnb in a report on Friday, May 22nd. BMO Capital Markets boosted their target price on Airbnb from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, February 13th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Airbnb in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $157.67.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $134.50 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. The business’s 50 day moving average is $133.89 and its two-hundred day moving average is $130.17. The company has a market cap of $81.06 billion, a P/E ratio of 33.13, a P/E/G ratio of 1.42 and a beta of 1.20. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25.

Airbnb (NASDAQ:ABNB) last issued its quarterly 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). The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share. On average, equities analysts expect that Airbnb, Inc. will post 4.91 EPS for the current year.

Insiders Place Their Bets

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $143.00, for a total value of $536,250.00. Following the transaction, the chief financial officer directly owned 463,415 shares of the company’s stock, valued at $66,268,345. The trade was a 0.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $140.37, for a total value of $8,141,460.00. Following the completion of the transaction, the director directly owned 54,015 shares in the company, valued at approximately $7,582,085.55. This represents a 51.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 457,177 shares of company stock valued at $62,601,233 in the last three months. Company insiders own 27.21% of the company’s stock.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb expanded its travel platform with new trip-planning services such as airport pickups, grocery delivery, luggage storage, and car rentals, which could strengthen its ecosystem and support higher customer spending. Airbnb Expands Travel Platform with Airport Pickups, Grocery Delivery, and Car Rentals
• Positive Sentiment: Airbnb-backed startup WeRoad raised $58 million in a round led by Airbnb, reinforcing Airbnb’s involvement in travel innovation and potential growth opportunities beyond its core booking business. Airbnb-backed WeRoad raises $58M to take its group travel platform to the US
• Neutral Sentiment: Airbnb CEO Brian Chesky said chatbots are not the future of AI consumer products, highlighting the company’s focus on practical consumer-facing AI rather than generic chatbot products. Airbnb CEO Brian Chesky: Chatbots Are Not The Future Of AI — Consumer Products Are
• Neutral Sentiment: Airbnb continued to attract investor attention in market commentary, suggesting the stock remains on traders’ radar but without a clear new catalyst from that coverage. Airbnb, Inc. (ABNB) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Director Joseph Gebbia sold 2,860 shares of Airbnb stock, adding to recent insider selling and potentially pressuring sentiment around the name. Airbnb (NASDAQ:ABNB) Director Joseph Gebbia Sells 2,860 Shares

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.