Airbnb, Inc. $ABNB Shares Newly Purchased by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC purchased a new position in Airbnb, Inc. (NASDAQ:ABNB) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,685 shares of the company’s stock, valued at approximately $913,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ABNB. Associated Banc Corp bought a new stake in shares of Airbnb in the 3rd quarter worth approximately $17,970,000. Putney Financial Group LLC acquired a new stake in Airbnb during the third quarter valued at approximately $32,000. Oregon Public Employees Retirement Fund lifted its stake in Airbnb by 0.4% during the third quarter. Oregon Public Employees Retirement Fund now owns 51,578 shares of the company’s stock valued at $8,286,000 after purchasing an additional 229 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in Airbnb by 89.8% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 50,245 shares of the company’s stock worth $8,072,000 after buying an additional 23,773 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Airbnb during the third quarter worth approximately $53,597,000. 80.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 200,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $174.79, for a total transaction of $34,958,000.00. Following the sale, the chief executive officer directly owned 10,501,685 shares of the company’s stock, valued at $1,835,589,521.15. The trade was a 1.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 531,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $174.41, for a total transaction of $92,611,710.00. Following the sale, the insider directly owned 171,370 shares in the company, valued at approximately $29,888,641.70. This trade represents a 75.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,283,723 shares of company stock valued at $230,764,440 in the last ninety days. Company insiders own 27.21% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB opened at $176.37 on Thursday. Airbnb, Inc. has a one year low of $110.81 and a one year high of $193.45. The company has a 50-day moving average of $169.32 and a two-hundred day moving average of $147.22. The stock has a market cap of $105.61 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 1.91 and a beta of 1.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.11. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. On average, equities research analysts expect that Airbnb, Inc. will post 5.29 earnings per share for the current year.

Wall Street Analyst Weigh In

ABNB has been the topic of several recent research reports. Bank of America lifted their price target on shares of Airbnb from $160.00 to $175.00 in a research report on Friday, August 7th. Barclays increased their price objective on Airbnb from $125.00 to $150.00 in a research report on Friday, August 7th. Piper Sandler set a $150.00 price objective on Airbnb in a research note on Friday, August 7th. Jefferies Financial Group lifted their target price on Airbnb from $175.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Susquehanna lifted their target price on Airbnb from $170.00 to $200.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $182.65.

Trending Headlines about Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb has added more than 1 million listings to American Express Travel. Eligible U.S. cardholders can earn Membership Rewards points and receive statement credits on qualifying Airbnb bookings, giving the company access to Amex’s travel customers and a potential new booking channel. Airbnb brings over 1 million listings to a major card travel portal
• Positive Sentiment: UBS raised its price target to $181 from $172, while keeping a neutral rating. The higher target is a modestly supportive analyst signal, though the neutral rating indicates limited conviction. UBS price-target update
• Neutral Sentiment: Investors are looking for Q3 updates on travel demand, bookings, and AI-related improvements. Previews see these as potential supports for results, but note that higher costs could weigh on margins; the actual results are due Nov. 5. Airbnb to report Q3 earnings: what’s in store for the stock?
• Negative Sentiment: Options-market data cited by Barchart suggests investors are bracing for a potentially downward move after earnings. This reflects event risk and expectations—not a confirmed forecast of Airbnb’s results or share-price direction. Barchart options data ahead of earnings
• Negative Sentiment: CEO Brian Chesky said his “founder mode” leadership approach contributed to the departure of executives who did not want to work under it. The comments may draw attention to leadership and retention risks, although they describe past challenges. Airbnb CEO discusses founder mode and executive departures
• Negative Sentiment: Chief Accounting Officer David Bernstein sold 1,756 shares, reducing his holdings by 3.85%. He still owns 43,899 shares, so the sale is a limited insider signal. SEC filing on David Bernstein’s stock sale

Airbnb Company Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and service providers. Its platform enables users to search for, book and review a broad range of stays, including private rooms, entire homes, apartments and other distinctive properties.

In addition to lodging, Airbnb offers experiences and activities hosted by local individuals and businesses. The company also provides tools and services that help hosts create listings, manage bookings, communicate with guests and receive payments.