4,054 Airbnb, Inc. $ABNB Shares Bought by MBL Wealth LLC

MBL Wealth LLC raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 158.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,608 shares of the company’s stock after purchasing an additional 4,054 shares during the quarter. MBL Wealth LLC’s holdings in Airbnb were worth $1,062,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of Airbnb by 80.6% during the second quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company’s stock worth $827,929,000 after buying an additional 2,581,539 shares during the period. Amundi grew its holdings in shares of Airbnb by 8.6% during the first quarter. Amundi now owns 4,686,765 shares of the company’s stock valued at $591,845,000 after buying an additional 370,426 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Airbnb by 114.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,401,521 shares of the company’s stock valued at $546,454,000 after acquiring an additional 1,816,522 shares during the period. Jennison Associates LLC increased its position in shares of Airbnb by 9,331.0% in the 1st quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock valued at $400,681,000 after acquiring an additional 3,139,315 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Airbnb by 61.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,201,279 shares of the company’s stock valued at $353,635,000 after acquiring an additional 835,208 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on ABNB shares. Weiss Ratings raised Airbnb from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Piper Sandler set a $150.00 price objective on Airbnb in a report on Friday, August 7th. Evercore set a $200.00 price objective on Airbnb in a report on Monday, August 24th. Raymond James Financial upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $200.00 price objective for the company in a research note on Tuesday, September 8th. Finally, The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating in a report on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.93.

Insider Activity

In related news, Director Joseph Gebbia Jr. sold 265,000 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $145.70, for a total transaction of $38,610,500.00. Following the sale, the director directly owned 1,828,518 shares of the company’s stock, valued at $266,415,072.60. This trade represents a 12.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 200,000 shares of Airbnb stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $174.79, for a total value of $34,958,000.00. Following the transaction, the chief executive officer owned 10,501,685 shares of the company’s stock, valued at approximately $1,835,589,521.15. This represents a 1.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,550,715 shares of company stock valued at $269,396,918 in the last quarter. 27.21% of the stock is currently owned by company insiders.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb announced an exclusive partnership with American Express that adds more than 1 million listings to Amex Travel. Eligible cardholders can book stays directly, earn Membership Rewards, and receive select lodging or Experiences credits. The arrangement could improve Airbnb’s visibility, increase bookings, and expand access to affluent travelers. American Express and Airbnb Launch Exclusive Partnership
• Positive Sentiment: RBC Capital reiterated its Buy rating, while Zacks highlighted Airbnb’s growth characteristics as potential reasons the stock could outperform. The bullish case is supported by Airbnb’s global platform, more than 5 million hosts, international reach, and continued expansion of its travel ecosystem. RBC Capital Keeps Their Buy Rating on Airbnb
• Neutral Sentiment: Airbnb’s new guest-checkout rules limit hosts from requiring chores such as washing dishes, taking out trash, or stripping beds. The policy may improve the guest experience and reduce complaints, but its financial impact is uncertain because hosts could raise cleaning fees or alter listings. Airbnb Limits Cleaning Chores Hosts Can Require From Guests
• Negative Sentiment: Some hosts have criticized the chore restrictions and threatened to leave the platform, arguing that the changes could increase operating costs. Any meaningful loss of hosts, higher fees, or reduced listing supply would pose a risk to Airbnb’s marketplace and margins. Airbnb Limits Chores for Guests, Sparking Backlash From Hosts
• Neutral Sentiment: Commentary on whether Airbnb is a buy now focuses on execution and valuation. With shares trading near their 12-month high and at a relatively elevated earnings multiple, investors may require continued booking growth and strong profitability to justify further gains. What Needs To Be True To Buy Airbnb Stock Now?

Airbnb Trading Down 2.1%

NASDAQ ABNB opened at $172.01 on Friday. The company has a market capitalization of $103.00 billion, a PE ratio of 39.09, a P/E/G ratio of 2.01 and a beta of 1.24. The company has a fifty day moving average of $171.97 and a 200 day moving average of $153.01. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $193.45. 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 posted its quarterly earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.26 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The firm’s revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. Research analysts forecast that Airbnb, Inc. will post 5.29 earnings per share for the current year.

About Airbnb

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.