Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $863,000 Position in Airbnb, Inc. $ABNB

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 104.1% during the 1st quarter, HoldingsChannel reports. The firm owned 6,832 shares of the company’s stock after acquiring an additional 3,485 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Airbnb were worth $863,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ABNB. Harris Associates L P boosted its position in Airbnb by 43.2% in the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after buying an additional 4,292,383 shares in the last quarter. Norges Bank acquired a new position in shares of Airbnb during the fourth quarter worth $480,332,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Airbnb by 453.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock worth $403,782,000 after buying an additional 2,724,682 shares in the last quarter. SRS Investment Management LLC bought a new position in shares of Airbnb in the 4th quarter valued at $342,017,000. Finally, AQR Capital Management LLC lifted its stake in shares of 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 acquiring an additional 2,492,847 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Wedbush initiated coverage on Airbnb with a Neutral rating and a $152 price target, implying modest upside from current levels and helping reinforce investor confidence. Read More
• Positive Sentiment: Jefferies reiterated its Buy rating on Airbnb, adding to the recent stream of bullish analyst commentary around the company. Article link
• Positive Sentiment: Baird previously lifted its price target on Airbnb to $160 from $150 while keeping an Outperform rating, suggesting Wall Street sees room for further gains. Article link
• Neutral Sentiment: Airbnb is attracting elevated investor attention online, but the search activity itself does not provide a clear fundamental catalyst. Article link
• Neutral Sentiment: Airbnb co-founder Joseph Gebbia sold about $39 million of stock through a pre-arranged 10b5-1 plan; the transaction reduced his stake, but the sale was planned in advance and does not necessarily signal negative business fundamentals. Article link
• Negative Sentiment: News that Airbnb CEO Brian Chesky’s X account was hijacked in an AI-driven crypto scam could raise investor concerns about cybersecurity and brand risk, even though the incident appears to involve his personal account rather than the core platform. Article link

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 294,903 shares of Airbnb stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $148.43, for a total transaction of $43,772,452.29. Following the transaction, the director directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 88,366 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $145.81, for a total value of $12,884,646.46. Following the completion of the sale, the insider owned 12,370 shares in the company, valued at $1,803,669.70. This trade represents a 87.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 2,325,429 shares of company stock valued at $321,925,435. 27.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Robert W. Baird raised their price objective on Airbnb from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Raymond James Financial raised Airbnb from a “market perform” rating to a “strong-buy” rating in a report on Monday, May 4th. Susquehanna increased their target price on Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. Finally, Oppenheimer upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $159.84.

Airbnb Price Performance

ABNB stock opened at $147.80 on Friday. The company has a market capitalization of $89.08 billion, a P/E ratio of 36.40, a PEG ratio of 1.59 and a beta of 1.14. The company has a fifty day moving average price of $139.04 and a 200-day moving average price of $134.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $150.88.

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

Airbnb 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.