Airbnb, Inc. $ABNB Holdings Raised by National Pension Service

National Pension Service increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 756,339 shares of the company’s stock after purchasing an additional 33,546 shares during the quarter. National Pension Service owned approximately 0.13% of Airbnb worth $108,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ABNB. NewEdge Advisors LLC raised its holdings in shares of Airbnb by 1.5% during the second quarter. NewEdge Advisors LLC now owns 38,536 shares of the company’s stock valued at $5,514,000 after acquiring an additional 553 shares during the period. IFP Advisors Inc lifted its position in shares of Airbnb by 22.7% in the 2nd quarter. IFP Advisors Inc now owns 4,768 shares of the company’s stock valued at $682,000 after acquiring an additional 882 shares in the last quarter. Allworth Financial LP boosted its stake in Airbnb by 21.9% in the 2nd quarter. Allworth Financial LP now owns 14,300 shares of the company’s stock worth $2,046,000 after purchasing an additional 2,569 shares during the period. West Family Investments Inc. acquired a new position in Airbnb in the 2nd quarter worth approximately $880,000. Finally, Waverly Advisors LLC grew its position in Airbnb by 7.7% during the 2nd quarter. Waverly Advisors LLC now owns 13,283 shares of the company’s stock worth $1,901,000 after purchasing an additional 944 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insiders Place Their Bets

In other news, CAO David Bernstein sold 5,224 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $182.49, for a total transaction of $953,327.76. Following the completion of the sale, the chief accounting officer owned 48,513 shares in the company, valued at approximately $8,853,137.37. This represents a 9.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 20,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $173.61, for a total value of $3,472,200.00. Following the transaction, the chief executive officer directly owned 5,854 shares in the company, valued at approximately $1,016,312.94. This represents a 77.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,288,689 shares of company stock valued at $374,988,733 over the last quarter. Insiders own 27.21% of the company’s stock.

Airbnb Stock Down 1.2%

Airbnb stock opened at $167.65 on Friday. The company has a market capitalization of $100.39 billion, a P/E ratio of 38.10, a P/E/G ratio of 1.96 and a beta of 1.16. The firm’s fifty day simple moving average is $165.18 and its 200-day simple moving average is $145.47. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $193.45.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. Airbnb’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. Sell-side analysts forecast that Airbnb, Inc. will post 5.24 earnings per share for the current fiscal year.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Analyst sentiment improved: Robert W. Baird forecast strong potential price appreciation, while Raymond James raised Airbnb to “Outperform.” These actions may support the stock by reinforcing confidence in its growth outlook. Robert W. Baird Forecasts Strong Price Appreciation for Airbnb Stock Airbnb Raised to Outperform at Raymond James Financial
• Positive Sentiment: AI and growth narrative: CEO Brian Chesky said Airbnb is growing faster than competitors partly because of its use of artificial intelligence in its online infrastructure. Investors may view AI integration as a potential catalyst for better customer experiences, efficiency and long-term growth. Airbnb CEO Discusses Growth and AI
• Positive Sentiment: Optimistic growth commentary: A recent analysis argued that Airbnb’s anticipated “great growth cycle” may be emerging, adding to the bullish case around the company’s operating momentum. Airbnb Great Growth Cycle Analysis
• Neutral Sentiment: Investor attention increased: Airbnb was among the stocks receiving heavy search interest on Zacks, but the reports did not identify a specific fundamental development. Elevated attention can increase trading activity without necessarily indicating a change in fair value. Investors Heavily Search Airbnb
• Neutral Sentiment: Short-interest data provided no meaningful signal: Reported short interest was zero, with a zero-day days-to-cover ratio and an invalid comparison percentage, making the item unreliable for assessing investor positioning.
• Negative Sentiment: European regulatory risk dominated: Proposed EU rules would give countries and cities more flexibility to restrict short-term rentals as policymakers respond to housing shortages and affordability concerns. New limits could reduce Airbnb’s available listings, booking activity or market access across Europe, although the proposal still requires approval and implementation. Airbnb Faces Potential EU Restrictions

Wall Street Analyst Weigh In

Several analysts have issued reports on ABNB shares. Evercore set a $200.00 target price on shares of Airbnb in a research note on Monday, August 24th. Oppenheimer lifted their price target on Airbnb from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Wells Fargo & Company upped their price target on Airbnb from $181.00 to $186.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. The Goldman Sachs Group set a $170.00 price target on Airbnb in a research report on Tuesday, July 28th. Finally, Truist Financial raised their price objective on Airbnb from $134.00 to $161.00 and gave the stock a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $179.97.

Airbnb Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and other service providers. Through its platform and mobile applications, users can search for, book and review a broad range of lodging options, including private homes, apartments, rooms and other distinctive properties.

The company also offers Airbnb Experiences, which enables guests to discover and book activities hosted by local experts. In addition, Airbnb has expanded into related travel services, including services designed to support hosts and help them manage listings, reservations and guest relationships.

Founded in 2008 by Brian Chesky, Joe Gebbia and Nathan Blecharczyk, Airbnb serves travelers and hosts across a broad international market, with listings and activities available in destinations around the world.