Korea Investment CORP Increases Position in Airbnb, Inc. $ABNB

Korea Investment CORP lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 35.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 271,892 shares of the company’s stock after buying an additional 71,253 shares during the quarter. Korea Investment CORP’s holdings in Airbnb were worth $35,982,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AE Wealth Management LLC grew its position in Airbnb by 44.3% in the 1st quarter. AE Wealth Management LLC now owns 2,333 shares of the company’s stock valued at $279,000 after acquiring an additional 716 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Airbnb by 12.2% during the first quarter. LPL Financial LLC now owns 300,118 shares of the company’s stock valued at $35,435,000 after purchasing an additional 32,601 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Airbnb by 6.1% during the first quarter. Mackenzie Financial Corp now owns 55,842 shares of the company’s stock valued at $6,671,000 after purchasing an additional 3,223 shares during the period. Federated Hermes Inc. grew its holdings in shares of Airbnb by 5.4% in the first quarter. Federated Hermes Inc. now owns 210,429 shares of the company’s stock worth $25,138,000 after purchasing an additional 10,794 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in Airbnb in the 1st quarter worth about $189,000. 80.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ABNB shares. Royal Bank Of Canada lifted their price objective on shares of Airbnb from $140.00 to $145.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. DA Davidson set a $155.00 target price on shares of Airbnb in a research report on Friday, November 14th. KeyCorp initiated coverage on shares of Airbnb in a research note on Thursday, October 23rd. They set a “sector weight” rating for the company. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. Finally, Wedbush reissued a “neutral” rating and issued a $130.00 price objective on shares of Airbnb in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $143.31.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $121.38, for a total value of $72,828.00. Following the transaction, the chief technology officer directly owned 194,806 shares in the company, valued at approximately $23,645,552.28. This trade represents a 0.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Elinor Mertz sold 7,500 shares of the business’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $130.00, for a total value of $975,000.00. Following the completion of the transaction, the chief financial officer directly owned 436,570 shares of the company’s stock, valued at approximately $56,754,100. The trade was a 1.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,676,514 shares of company stock valued at $204,832,922. 27.91% of the stock is currently owned by corporate insiders.

Airbnb Stock Performance

NASDAQ:ABNB opened at $116.80 on Friday. The firm has a 50-day simple moving average of $121.83 and a 200-day simple moving average of $128.07. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The firm has a market cap of $71.90 billion, a P/E ratio of 27.74, a P/E/G ratio of 2.06 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. Airbnb’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.13 earnings per share. Airbnb has set its Q4 2025 guidance at EPS. On average, research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.