Kornitzer Capital Management Inc. KS Acquires New Position in Airbnb, Inc. $ABNB

Kornitzer Capital Management Inc. KS bought a new position in Airbnb, Inc. (NASDAQ:ABNB) in the first quarter, Holdings Channel reports. The firm bought 38,680 shares of the company’s stock, valued at approximately $4,885,000.

Several other large investors also recently bought and sold shares of ABNB. Caxton Associates LLP acquired a new position in shares of Airbnb in the 1st quarter valued at $258,000. Intech Investment Management LLC increased its holdings in shares of Airbnb by 55.8% in the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after purchasing an additional 4,353 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Airbnb by 18.8% in the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock valued at $776,000 after purchasing an additional 927 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Airbnb in the second quarter worth about $411,000. Finally, NewEdge Advisors LLC raised its stake in shares of Airbnb by 9.8% in the second quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock worth $7,153,000 after purchasing an additional 4,811 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb’s move to buy an $81.5 million Manhattan office reinforces confidence in its long-term commitment to New York and signals management is still investing in growth, even amid the city’s strict short-term rental rules. Airbnb Buys Manhattan Office Despite NYC Rental Crackdown
• Positive Sentiment: Fortune reported that Airbnb is expanding its New York footprint and doubling headcount, which supports the view that the company sees durable demand and a meaningful operating base in one of the world’s biggest business hubs. Billionaires warned New York would scare off business. Anthropic and Airbnb just made their biggest bets on the city yet
• Neutral Sentiment: Airbnb confirmed it will report second-quarter 2026 results after the market close on August 6, creating a clear upcoming catalyst that could reset expectations for revenue growth, margins, and guidance. Airbnb to Announce Second Quarter 2026 Results
• Neutral Sentiment: Recent short-interest data showed no meaningful change, so it does not appear to be a major driver for ABNB right now. Airbnb Buys Manhattan Office Despite NYC Rental Crackdown
• Negative Sentiment: Multiple insider sales by Nathan Blecharczyk and Joseph Gebbia may be weighing on sentiment, as investors often view executive selling cautiously even when the transactions are small relative to their remaining holdings. Insider Selling: Airbnb (NASDAQ:ABNB) Director Sells $369,000.00 in Stock
• Negative Sentiment: ABNB also fell in the prior session as travel and consumer-discretionary stocks weakened during a risk-off move tied to higher oil prices and geopolitical तनाव, showing the stock remains sensitive to macro headlines. Expedia, Booking, and Airbnb Shares Plummet, What You Need To Know

Airbnb Stock Performance

Shares of ABNB stock traded up $1.73 on Friday, hitting $148.62. The company had a trading volume of 2,635,765 shares, compared to its average volume of 3,454,486. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $150.19. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The firm has a market cap of $89.57 billion, a P/E ratio of 36.61, a price-to-earnings-growth ratio of 1.59 and a beta of 1.14. The company has a 50-day moving average price of $138.47 and a 200-day moving average price of $134.06.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the business earned $0.24 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. As a group, equities research analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Joseph Gebbia sold 2,460 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $150.00, for a total transaction of $369,000.00. Following the sale, the director directly owned 2,595,119 shares of the company’s stock, valued at approximately $389,267,850. This represents a 0.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kenneth I. Chenault sold 8,346 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $150.00, for a total transaction of $1,251,900.00. Following the sale, the director owned 40,879 shares in the company, valued at approximately $6,131,850. This represents a 16.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,325,429 shares of company stock worth $321,925,435 over the last 90 days. Company insiders own 27.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ABNB. JPMorgan Chase & Co. upped their target price on Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings raised shares of Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 12th. Cantor Fitzgerald upgraded shares of Airbnb from a “neutral” rating to an “overweight” rating in a research note on Monday, May 4th. UBS Group lifted their price objective on shares of Airbnb from $153.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Susquehanna upped their price objective on shares of Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $158.36.

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.