Airbnb, Inc. $ABNB Shares Acquired by Cibc World Market Inc.

Cibc World Market Inc. grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 80,069 shares of the company’s stock after buying an additional 7,080 shares during the quarter. Cibc World Market Inc.’s holdings in Airbnb were worth $10,867,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. ORG Partners LLC lifted its holdings in shares of Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 96 shares during the period. Entrust Financial LLC acquired a new position in shares of Airbnb in the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Airbnb in the 3rd quarter valued at about $25,000. Aventura Private Wealth LLC acquired a new position in shares of Airbnb in the 4th quarter valued at about $29,000. Finally, Sunbelt Securities Inc. lifted its holdings 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 buying an additional 175 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Jefferies said Airbnb’s expansion into hotels, experiences, and higher take rates could add about $1.8 billion in revenue by 2030, and reiterated a Buy rating, reinforcing the bullish case for multi-year growth. Airbnb hotels and experiences push could add $1.8B to 2030 revenue, Jefferies estimates
• Positive Sentiment: Broker sentiment remains broadly supportive, with Airbnb carrying a consensus “Moderate Buy” rating and several firms raising price targets, suggesting Wall Street still sees upside from current levels. Airbnb stock report and analyst ratings
• Neutral Sentiment: Market commentary is questioning whether Airbnb’s valuation already reflects most of the upside after a flat share-price performance and recent regulatory headlines, which may keep investors cautious near term. Is It Time To Reconsider Airbnb (ABNB) After Flat Returns And Regulatory Headlines?
• Neutral Sentiment: CEO Brian Chesky’s reported move to build a separate AI venture is strategically interesting, but it is not directly tied to Airbnb’s core travel business and has an uncertain near-term financial impact. Airbnb CEO Brian Chesky Plans to Start a New AI Company
• Negative Sentiment: Insider selling is the clearest near-term negative: Director Joseph Gebbia sold 265,000 shares and CFO Elinor Mertz sold 7,433 shares, while Brian Chesky also sold shares, which can raise concerns about management’s confidence in short-term upside. SEC filing for Joseph Gebbia sale SEC filing for Elinor Mertz sale SEC filing for Brian Chesky sales

Insider Buying and Selling

In related news, CFO Elinor Mertz sold 7,433 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $136.24, for a total value of $1,012,671.92. Following the completion of the transaction, the chief financial officer directly owned 449,040 shares of the company’s stock, valued at approximately $61,177,209.60. This represents a 1.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 62,764 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $134.00, for a total value of $8,410,376.00. Following the completion of the transaction, the chief executive officer directly owned 10,855,175 shares of the company’s stock, valued at approximately $1,454,593,450. This represents a 0.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,612,370 shares of company stock worth $217,546,338. 27.21% of the stock is owned by corporate insiders.

Airbnb Stock Performance

Shares of ABNB stock opened at $133.54 on Friday. The company has a market capitalization of $80.49 billion, a P/E ratio of 32.89, a P/E/G ratio of 1.43 and a beta of 1.16. The business’s 50 day moving average is $134.32 and its two-hundred day moving average is $130.65. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 31.24% and a net margin of 19.90%.The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. Analysts expect that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ABNB. Robert W. Baird set a $150.00 price objective on Airbnb in a report on Friday, May 8th. UBS Group boosted their price objective on Airbnb from $153.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Truist Financial raised Airbnb from a “sell” rating to a “hold” rating and boosted their price objective for the company from $107.00 to $129.00 in a report on Thursday, March 26th. CICC Research began coverage on Airbnb in a report on Friday. They issued an “outperform” rating and a $165.00 price objective for the company. Finally, Tigress Financial decreased their price objective on Airbnb from $200.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $157.76.

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.