Peloton Wealth Strategists Grows Stake in Airbnb, Inc. $ABNB

Peloton Wealth Strategists grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 64.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,240 shares of the company’s stock after acquiring an additional 8,340 shares during the period. Peloton Wealth Strategists’ holdings in Airbnb were worth $2,883,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Airbnb by 1.7% in the third quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company’s stock worth $4,649,814,000 after acquiring an additional 649,323 shares during the period. Harris Associates L P increased its position in Airbnb by 43.2% during the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after purchasing an additional 4,292,383 shares during the period. Geode Capital Management LLC raised its holdings in Airbnb by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock worth $1,368,338,000 after purchasing an additional 47,966 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Airbnb by 3.7% in the 4th quarter. Clearbridge Investments LLC now owns 6,073,947 shares of the company’s stock worth $824,356,000 after purchasing an additional 216,455 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Airbnb by 58.6% in the 3rd quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock worth $518,456,000 after purchasing an additional 1,577,338 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ABNB shares. Argus upgraded shares of Airbnb to a “strong-buy” rating in a research report on Tuesday, February 17th. Mizuho lifted their price objective on Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Weiss Ratings upgraded Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $170.00 target price on shares of Airbnb in a research report on Friday, May 8th. Finally, Scotiabank started coverage on Airbnb in a research report on Monday, May 4th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.96.

Airbnb Price Performance

Shares of ABNB opened at $141.20 on Wednesday. The stock has a market cap of $85.10 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16. 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 fifty-two week low of $110.81 and a fifty-two week high of $147.25. The firm’s 50-day simple moving average is $135.51 and its two-hundred day simple moving average is $131.68.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) 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 net margin of 19.90% and a return on equity of 31.24%. Airbnb’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 earnings per share. Analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb gained on a market-wide relief rally tied to the reported peace deal and reopening of the Strait of Hormuz, which reduced geopolitical and oil-price fears and supported travel stocks. Why Airbnb (ABNB) Stock Is Trading Up Today
• Neutral Sentiment: Truist raised its price target on Airbnb to $134 from $129, but kept a Hold rating, suggesting limited near-term upside from current levels. Airbnb Price Target Raised by Truist
• Neutral Sentiment: Baron Capital highlighted Airbnb in its latest fund letter, focusing on the company’s resilience as AI reshapes the travel and real estate landscape; this is more of a long-term investment discussion than a direct catalyst. Is Airbnb (ABNB) Resilient to AI Transition?

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 265,000 shares of Airbnb stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $135.45, for a total value of $35,894,250.00. Following the completion of the transaction, the director owned 3,182,355 shares of the company’s stock, valued at $431,049,984.75. The trade was a 7.69% decrease in their position. The transaction was disclosed in a document filed 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 transaction of $1,012,671.92. Following the completion of the transaction, the chief financial officer owned 449,040 shares in the company, valued at approximately $61,177,209.60. The trade was a 1.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,677,117 shares of company stock valued at $226,595,468. 27.21% of the stock is currently owned by corporate insiders.

Airbnb Company 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.