Carmignac Gestion Has $83.29 Million Position in Airbnb, Inc. $ABNB

Carmignac Gestion boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 40.8% during the first quarter, HoldingsChannel.com reports. The fund owned 659,570 shares of the company’s stock after purchasing an additional 191,200 shares during the period. Airbnb accounts for 1.3% of Carmignac Gestion’s portfolio, making the stock its 22nd largest holding. Carmignac Gestion’s holdings in Airbnb were worth $83,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ABNB. Transamerica Financial Advisors LLC lifted its stake in Airbnb by 143.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after purchasing an additional 112 shares during the period. Entrust Financial LLC acquired a new stake in Airbnb during the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. grew its stake in shares of Airbnb by 96.3% in the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares during the period. Sunbelt Securities Inc. grew its stake in shares of Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the period. Finally, Wiser Advisor Group LLC acquired a new position in shares of Airbnb in the 3rd quarter worth approximately $27,000. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the subject of several analyst reports. HSBC downgraded Airbnb from a “hold” rating to a “hold” rating in a research report on Monday, May 4th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Airbnb in a research report on Friday, May 22nd. Evercore reiterated an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. UBS Group lifted their price objective on Airbnb from $157.00 to $163.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Wedbush began coverage on shares of Airbnb in a research note on Thursday, July 16th. They issued a “neutral” rating and a $152.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $160.65.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb’s upcoming earnings report is expected to show continued earnings growth, with analysts looking for a potential beat based on improving revenue trends and expectations. The company’s previous quarter delivered revenue above estimates and 17.9% year-over-year growth, although EPS fell short. Airbnb Earnings Expected to Grow
• Positive Sentiment: Recent commentary points to continued long-term growth potential from Airbnb’s global marketplace, expanded travel offerings and the possibility of another major growth cycle. The stock’s position above key moving averages also indicates sustained momentum. Airbnb Momentum Opens a Bigger Debate
• Neutral Sentiment: UBS raised its price target for ABNB to $163 from $157 while maintaining a Neutral rating. The higher target acknowledges some upside, but the unchanged rating signals that the firm still sees balanced risk and reward at current valuation levels. UBS Raises Airbnb Price Target
• Negative Sentiment: Morgan Stanley maintained its Sell/Underweight view, raising its price target only modestly to $125 from $120. The target remains well below recent trading levels, highlighting concerns that Airbnb’s premium valuation may not be supported by near-term growth. Morgan Stanley Maintains Sell Rating
• Negative Sentiment: Director Joseph Gebbia sold approximately 2.1 million shares for about $315.9 million across July 27 and 28, liquidating his indirect Class A holdings. The unusually large sale, following additional recent insider transactions, could weigh on investor sentiment even though it does not necessarily indicate deteriorating fundamentals. Joseph Gebbia Sells Airbnb Shares
• Negative Sentiment: Airbnb trades at a richer valuation than Booking Holdings, while regulatory risks affecting short-term rentals remain an overhang. Investors may therefore demand stronger earnings and guidance to justify the premium multiple. Airbnb Versus Booking

Airbnb Stock Performance

ABNB opened at $151.52 on Monday. The firm’s fifty day moving average is $141.62 and its two-hundred day moving average is $135.07. The firm has a market cap of $91.32 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 1.62 and a beta of 1.14. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $156.50. 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 (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the firm earned $0.24 EPS. Airbnb’s quarterly revenue was up 17.9% on a year-over-year basis. Equities research analysts anticipate that Airbnb, Inc. will post 4.93 EPS for the current year.

Insider Activity

In other news, Director Joseph Gebbia sold 294,903 shares of the 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 completion of the sale, the director owned 2,622,452 shares of the company’s stock, valued at $389,250,550.36. This represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 265,746 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the completion of the transaction, the chief executive officer directly owned 11,206,389 shares of the company’s stock, valued at approximately $1,481,708,753.58. The trade was a 2.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,448,729 shares of company stock worth $340,387,098 over the last quarter. 27.21% of the stock is currently owned by company insiders.

About Airbnb

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.