Airbnb, Inc. $ABNB Stake Increased by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 48.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,691 shares of the company’s stock after buying an additional 9,681 shares during the period. Wealthfront Advisers LLC’s holdings in Airbnb were worth $3,749,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC grew its holdings in Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after acquiring an additional 112 shares in the last quarter. ORG Partners LLC increased its position in shares of Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares during the last quarter. Entrust Financial LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at about $27,000. Aventura Private Wealth LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at about $29,000. Finally, Sunbelt Securities Inc. raised its stake in shares of Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 265,746 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the completion of the transaction, the chief executive officer directly owned 11,206,389 shares of the company’s stock, valued at approximately $1,481,708,753.58. This represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 88,366 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $145.81, for a total value of $12,884,646.46. Following the sale, the insider owned 12,370 shares in the company, valued at $1,803,669.70. The trade was a 87.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,267,429 shares of company stock worth $313,655,215 over the last ninety days. Company insiders own 27.21% of the company’s stock.

Airbnb Stock Performance

NASDAQ 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 50-day simple moving average of $139.13 and a 200-day simple moving average of $134.40. The firm has a market capitalization of $87.98 billion, a PE ratio of 35.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data 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 analyst estimates of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.Airbnb’s revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. On average, equities analysts forecast that Airbnb, Inc. will post 4.92 earnings per share for the current year.

Key Headlines 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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Benchmark lifted their price target on Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Barclays upped their price objective on Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. B. Riley Financial reaffirmed a “buy” rating on shares of Airbnb in a report on Friday, May 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Airbnb in a research report on Friday, May 22nd. Finally, Needham & Company LLC assumed coverage on Airbnb in a report on Monday, May 4th. They issued a “buy” rating for the company. Two equities research 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, Airbnb currently has an average rating of “Moderate Buy” and an average target price of $159.84.

Airbnb 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.