Pictet Asset Management Holding SA Sells 9,246 Shares of Airbnb, Inc. $ABNB

Pictet Asset Management Holding SA lowered its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 181,045 shares of the company’s stock after selling 9,246 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Airbnb were worth $22,862,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Harris Associates L P grew its stake in shares of Airbnb by 21.0% in the fourth quarter. Harris Associates L P now owns 18,694,408 shares of the company’s stock valued at $2,537,205,000 after acquiring an additional 3,240,477 shares in the last quarter. Geode Capital Management LLC raised its stake in Airbnb by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock worth $1,368,338,000 after purchasing an additional 47,966 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Airbnb by 58.4% in the 4th quarter. AQR Capital Management LLC now owns 6,762,784 shares of the company’s stock valued at $917,845,000 after purchasing an additional 2,492,847 shares during the period. Clearbridge Investments LLC boosted its holdings in Airbnb by 3.7% in the 4th quarter. Clearbridge Investments LLC now owns 6,073,947 shares of the company’s stock valued at $824,356,000 after purchasing an additional 216,455 shares during the period. Finally, Independent Franchise Partners LLP grew its position in shares of Airbnb by 23.6% during the 4th quarter. Independent Franchise Partners LLP now owns 5,146,272 shares of the company’s stock worth $698,452,000 after purchasing an additional 981,624 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 294,903 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $148.43, for a total transaction of $43,772,452.29. Following the sale, the director owned 2,622,452 shares of the company’s stock, valued at approximately $389,250,550.36. The trade was a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 88,366 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $145.81, for a total transaction of $12,884,646.46. Following the transaction, the insider owned 12,370 shares of the company’s stock, valued at $1,803,669.70. This trade represents a 87.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,339,621 shares of company stock worth $322,629,605 in the last three months. 27.21% of the stock is owned by corporate insiders.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Robert W. Baird raised its price target on Airbnb to $160 from $150 and reiterated an Outperform rating, adding to the bullish case that travel demand and product expansion can keep driving growth.
• Positive Sentiment: Airbnb recently hit a new 12-month high after an analyst upgrade, showing that investors remain willing to bid up the stock on improving Wall Street sentiment.
• Positive Sentiment: Strength across travel stocks has also helped ABNB, as investors rotate back into the sector and look for continued post-pandemic travel spending resilience.
• Neutral Sentiment: Bank of America Securities maintained a Hold rating and said Airbnb’s hotel expansion is only a modest near-term driver, which supports the stock but does not point to a major catalyst right away. Article: Airbnb Maintained at Hold as Hotel Expansion Seen as Modest Near-Term Driver; $150 Price Target Reaffirmed
• Neutral Sentiment: Airbnb’s shares also rose in recent trading, but the move lagged the broader market, suggesting steady interest without a strong breakout. Article: Airbnb Inc. Cl A stock rises Monday, still underperforms market
• Negative Sentiment: Director Joseph Gebbia sold 294,903 shares worth about $43.8 million, reducing his position by 10.1%, which can pressure sentiment when a large insider trims exposure.
• Negative Sentiment: Co-founder Nathan Blecharczyk sold 31,033 shares worth about $4.5 million, cutting his stake by 28.6% and adding to the recent wave of insider selling.
• Negative Sentiment: Airbnb must still face a Los Angeles lawsuit alleging price gouging during the 2025 wildfires, creating legal and reputational risk that could weigh on the stock. Article: Airbnb must face Los Angeles lawsuit alleging price gouging during 2025 wildfires

Airbnb Stock Performance

NASDAQ:ABNB opened at $147.31 on Thursday. 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 stock’s 50-day simple moving average is $137.65 and its 200 day simple moving average is $133.33. The firm has a market capitalization of $88.79 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 1.53 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last issued 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 business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the firm posted $0.24 EPS. The firm’s revenue was up 17.9% compared to the same quarter last year. On average, analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. CICC Research initiated coverage on shares of Airbnb in a report on Friday, June 5th. They set an “outperform” rating and a $165.00 target price on the stock. B. Riley Financial reissued a “buy” rating on shares of Airbnb in a research report on Friday, May 8th. Tigress Financial reduced their price target on Airbnb from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Needham & Company LLC assumed coverage on Airbnb in a research note on Monday, May 4th. They set a “buy” rating on the stock. Finally, DA Davidson raised their target price on shares of Airbnb from $150.00 to $162.00 and gave the company a “buy” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given 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, Airbnb presently has a consensus rating of “Moderate Buy” and a consensus target price 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.