Y Intercept Hong Kong Ltd Buys 9,153 Shares of Airbnb, Inc. $ABNB

Y Intercept Hong Kong Ltd boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 19.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,753 shares of the company’s stock after buying an additional 9,153 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Airbnb were worth $7,703,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Banco Santander S.A. grew its holdings in Airbnb by 15.9% during the fourth quarter. Banco Santander S.A. now owns 17,172 shares of the company’s stock valued at $2,331,000 after purchasing an additional 2,358 shares during the period. Sumitomo Life Insurance Co. grew its holdings in Airbnb by 16.1% during the fourth quarter. Sumitomo Life Insurance Co. now owns 76,702 shares of the company’s stock valued at $10,410,000 after purchasing an additional 10,631 shares during the period. Wealthspire Advisors LLC grew its holdings in Airbnb by 181.2% during the fourth quarter. Wealthspire Advisors LLC now owns 4,674 shares of the company’s stock valued at $634,000 after purchasing an additional 3,012 shares during the period. Gerber Kawasaki Wealth & Investment Management bought a new position in Airbnb during the fourth quarter valued at $594,000. Finally, Quadrant Capital Group LLC grew its holdings in Airbnb by 204.9% during the fourth quarter. Quadrant Capital Group LLC now owns 7,833 shares of the company’s stock valued at $1,063,000 after purchasing an additional 5,264 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Trading Up 1.1%

NASDAQ:ABNB opened at $132.28 on Friday. The company has a market cap of $79.73 billion, a P/E ratio of 32.58, a P/E/G ratio of 1.40 and a beta of 1.16. The stock’s fifty day moving average price is $134.91 and its two-hundred day moving average price is $131.25. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $147.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNB) last posted its 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). The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. As a group, analysts expect that Airbnb, Inc. will post 4.91 EPS for the current year.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 4,195 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $135.71, for a total value of $569,303.45. Following the sale, the chief executive officer owned 10,732,428 shares in the company, valued at approximately $1,456,497,803.88. This trade represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Elinor Mertz sold 7,433 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $136.24, for a total value of $1,012,671.92. Following the completion of the sale, the chief financial officer owned 449,040 shares in the company, valued at $61,177,209.60. This trade represents a 1.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,677,117 shares of company stock worth $226,595,468. Corporate insiders own 27.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ABNB. Royal Bank Of Canada reissued an “outperform” rating and set a $173.00 price objective on shares of Airbnb in a report on Thursday, May 21st. Susquehanna increased their price objective on Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a report on Friday, May 8th. Jefferies Financial Group set a $160.00 price objective on Airbnb in a report on Friday, June 5th. Rodman & Renshaw began coverage on Airbnb in a report on Monday, May 4th. They set a “buy” rating for the company. Finally, Evercore reissued an “outperform” rating on shares of Airbnb in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.76.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Motley Fool articles argue Airbnb remains a top growth stock, citing its strong network effect, large base of hosts and travelers, and ongoing product innovation that could support long-term user engagement and revenue growth. Article Title
• Positive Sentiment: Investor sentiment also looks supported by news that CEO Brian Chesky is launching a new AI venture focused on rethinking user interaction and design, which could signal fresh innovation around the Airbnb ecosystem. Article Title
• Neutral Sentiment: Airbnb shareholders recently reaffirmed the board, auditor, and executive pay packages at the annual meeting, a routine governance update that does not appear to materially change the investment case. Article Title
• Negative Sentiment: CEO Brian Chesky disclosed additional share sales, adding to recent insider selling and potentially raising concerns about management confidence or near-term valuation. Article Title
• Negative Sentiment: Broader regulatory pressure on short-term rentals, such as new rules being discussed in Cape Town, could add to the long-term policy risk facing Airbnb’s business model. Article Title

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.