Intech Investment Management LLC Buys 19,319 Shares of Airbnb, Inc. $ABNB

Intech Investment Management LLC increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 70.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 46,921 shares of the company’s stock after purchasing an additional 19,319 shares during the period. Intech Investment Management LLC’s holdings in Airbnb were worth $6,368,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ABNB. Caxton Associates LLP bought a new position in shares of Airbnb during the first quarter worth $258,000. Sivia Capital Partners LLC boosted its position in shares of Airbnb by 18.8% during the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after acquiring an additional 927 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Airbnb during the second quarter worth $411,000. NewEdge Advisors LLC boosted its position in shares of Airbnb by 9.8% during the second quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock worth $7,153,000 after acquiring an additional 4,811 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Airbnb by 1.4% during the second quarter. Treasurer of the State of North Carolina now owns 198,659 shares of the company’s stock worth $26,291,000 after acquiring an additional 2,702 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

• Negative Sentiment: CEO Brian Chesky sold 265,746 shares for about $35.1 million, cutting his position by 2.32% and adding to recent selling pressure. SEC filing
• Negative Sentiment: Chesky also sold 229,550 shares for about $30.6 million, trimming another 1.96% from his stake. SEC filing
• Negative Sentiment: A separate 20,000-share sale by the CEO further reinforced the pattern of insider selling around current trading levels. SEC filing
• Negative Sentiment: Director Joseph Gebbia also sold 2,860 shares, adding to the recent stream of insider sales at Airbnb. SEC filing
• Neutral Sentiment: Airbnb expanded its platform with airport pickups, grocery delivery, luggage storage, and car rentals, which could support long-term engagement but is unlikely to move the stock immediately. Article source
• Neutral Sentiment: Airbnb is investing in group travel startup WeRoad through a $58 million Series C round, potentially broadening its travel ecosystem, but the near-term financial impact is still uncertain. Article source

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Raymond James Financial upgraded shares of Airbnb from a “market perform” rating to a “strong-buy” rating in a research report on Monday, May 4th. Rodman & Renshaw began coverage on shares of Airbnb in a research report on Monday, May 4th. They set a “buy” rating for the company. HC Wainwright upgraded shares of Airbnb to a “buy” rating in a research report on Monday, May 4th. Morgan Stanley lowered shares of Airbnb from an “underweight” rating to an “underweight” rating in a research report on Monday, May 4th. Finally, B. Riley Financial reiterated a “buy” 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-one have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.67.

Airbnb Price Performance

ABNB stock opened at $133.31 on Friday. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25. 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 company has a fifty day simple moving average of $133.93 and a two-hundred day simple moving average of $130.20. The firm has a market capitalization of $80.35 billion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 1.43 and a beta of 1.20.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. Airbnb’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. Analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Nathan Blecharczyk sold 2,739 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $131.40, for a total value of $359,904.60. Following the completion of the sale, the insider owned 81,631 shares in the company, valued at approximately $10,726,313.40. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 2,860 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $133.44, for a total transaction of $381,638.40. Following the completion of the sale, the director owned 3,447,355 shares of the company’s stock, valued at $460,015,051.20. This trade represents a 0.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 972,473 shares of company stock worth $130,966,151 over the last 90 days. Insiders own 27.21% of the company’s stock.

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.