Fullerton Fund Management Co Ltd. Purchases Shares of 4,072 Airbnb, Inc. $ABNB

Fullerton Fund Management Co Ltd. purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,072 shares of the company’s stock, valued at approximately $553,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. boosted its position in Airbnb by 15.0% in the third 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 raised its stake in shares of Airbnb by 72.1% in the fourth quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock worth $4,478,000 after acquiring an additional 13,818 shares during the last quarter. ARK Investment Management LLC raised its stake in shares of Airbnb by 30.7% in the third quarter. ARK Investment Management LLC now owns 1,035,828 shares of the company’s stock worth $125,770,000 after acquiring an additional 243,299 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Airbnb by 14.6% in the third quarter. Victory Capital Management Inc. now owns 1,529,652 shares of the company’s stock worth $185,730,000 after acquiring an additional 195,055 shares during the last quarter. Finally, North Dakota State Investment Board bought a new position in shares of Airbnb in the fourth quarter worth about $2,785,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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?

Airbnb Trading Up 1.6%

Shares of NASDAQ ABNB opened at $141.20 on Wednesday. The company’s 50 day simple moving average is $135.51 and its 200 day simple moving average is $131.68. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25. The firm has a market capitalization of $85.10 billion, a P/E ratio of 34.78, a P/E/G ratio of 1.49 and a beta of 1.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44.

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 the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. On average, analysts predict that Airbnb, Inc. will post 4.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. DA Davidson boosted their target price on shares of Airbnb from $150.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Tigress Financial dropped their target price on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Airbnb in a research note on Friday, May 8th. HSBC downgraded shares of Airbnb from a “hold” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Barclays boosted their target price on shares of Airbnb from $122.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $157.96.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 60,136 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $145.70, for a total value of $8,761,815.20. Following the transaction, the insider directly owned 11,920 shares in the company, valued at $1,736,744. This represents a 83.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 265,746 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were 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 owned 11,206,389 shares in the company, valued at $1,481,708,753.58. This represents a 2.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,677,117 shares of company stock worth $226,595,468 over the last ninety days. Company insiders own 27.21% of the company’s stock.

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.