Sienna Gestion Invests $1.07 Million in Airbnb, Inc. $ABNB

Sienna Gestion purchased a new position in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 7,881 shares of the company’s stock, valued at approximately $1,074,000.

Several other large investors have also recently made changes to their positions in the stock. Sumitomo Life Insurance Co. increased its position in Airbnb by 15.0% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock valued at $8,022,000 after buying an additional 8,636 shares in the last quarter. Merit Financial Group LLC increased its position in Airbnb by 72.1% during the 4th quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after buying an additional 13,818 shares in the last quarter. ARK Investment Management LLC increased its position in Airbnb by 30.7% during the 3rd quarter. ARK Investment Management LLC now owns 1,035,828 shares of the company’s stock valued at $125,770,000 after buying an additional 243,299 shares in the last quarter. Victory Capital Management Inc. increased its position in Airbnb by 14.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,529,652 shares of the company’s stock valued at $185,730,000 after buying an additional 195,055 shares in the last quarter. Finally, North Dakota State Investment Board acquired a new position in Airbnb during the 4th quarter valued at about $2,785,000. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Scotiabank assumed coverage on Airbnb in a research report on Monday, May 4th. They set an “outperform” rating on the stock. Truist Financial upped their target price on Airbnb from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday. Needham & Company LLC assumed coverage on Airbnb in a research report on Monday, May 4th. They set a “buy” rating on the stock. Rodman & Renshaw assumed coverage on Airbnb in a research report on Monday, May 4th. They set a “buy” rating on the stock. Finally, Evercore reaffirmed an “outperform” rating on shares of Airbnb in a research report on Friday, May 8th. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.96.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb benefited from improving market sentiment after a peace deal announcement helped ease geopolitical concerns, supporting travel and online lodging stocks. Why Airbnb (ABNB) Stock Is Trading Up Today
• Neutral Sentiment: Truist lifted its price target on Airbnb to $134 from $129, but kept a hold rating, signaling limited near-term upside in the firm’s view. Benzinga report on Truist price target update
• Neutral Sentiment: Investor commentary around whether Airbnb can stay resilient amid the AI transition is keeping the stock in focus, but this is more of a long-term strategic debate than a direct near-term catalyst. Is Airbnb (ABNB) Resilient to AI Transition?

Airbnb Stock Up 5.0%

Shares of ABNB stock opened at $138.96 on Tuesday. The stock’s 50-day simple moving average is $135.19 and its 200-day simple moving average is $131.51. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $83.75 billion, a PE ratio of 34.23, a P/E/G ratio of 1.42 and a beta of 1.16. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. Equities analysts expect that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Insider Transactions at Airbnb

In other news, 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 value of $1,012,671.92. Following the sale, the chief financial officer owned 449,040 shares in the company, valued at $61,177,209.60. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 4,195 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $135.71, for a total value of $569,303.45. Following the completion of the sale, the chief executive officer owned 10,732,428 shares in the company, valued at $1,456,497,803.88. The trade was a 0.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,677,117 shares of company stock worth $226,595,468 over the last quarter. 27.21% of the stock is currently owned by 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.