Swiss National Bank Purchases 86,600 Shares of Airbnb, Inc. $ABNB

Swiss National Bank boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 7.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,262,900 shares of the company’s stock after buying an additional 86,600 shares during the period. Swiss National Bank’s holdings in Airbnb were worth $159,479,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Merit Financial Group LLC raised its stake in Airbnb by 72.1% during the 4th quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after purchasing an additional 13,818 shares during the period. North Dakota State Investment Board purchased a new position in Airbnb in the 4th quarter worth approximately $2,785,000. North Star Asset Management Inc. boosted its stake in Airbnb by 13.4% in the 4th quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock worth $10,663,000 after purchasing an additional 9,294 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Airbnb by 18.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 223,291 shares of the company’s stock worth $30,305,000 after purchasing an additional 34,573 shares during the period. Finally, Danske Bank A S boosted its stake in Airbnb by 11.0% in the 4th quarter. Danske Bank A S now owns 235,557 shares of the company’s stock worth $31,970,000 after purchasing an additional 23,422 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Performance

NASDAQ:ABNB opened at $145.98 on Monday. 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, Inc. has a 1 year low of $110.81 and a 1 year high of $150.88. The stock’s 50 day simple moving average is $139.13 and its two-hundred day simple moving average is $134.40. The company has a market cap of $87.98 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 1.56 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. The firm’s revenue was up 17.9% compared to the same quarter last year. As a group, equities analysts anticipate that Airbnb, Inc. will post 4.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 13,615 shares of Airbnb stock in a transaction on Monday, July 6th. The shares were sold at an average price of $148.37, for a total value of $2,020,057.55. Following the completion of the transaction, the insider directly owned 81,677 shares of the company’s stock, valued at $12,118,416.49. This trade represents a 14.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Elinor Mertz sold 3,750 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $148.01, for a total transaction of $555,037.50. Following the completion of the sale, the chief financial officer owned 445,290 shares in the company, valued at approximately $65,907,372.90. This trade represents a 0.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,267,429 shares of company stock worth $313,655,215 in the last ninety days. Company insiders own 27.21% of the company’s stock.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Wedbush initiated coverage with a neutral rating and a $152 price target, implying modest upside from recent levels and signaling that analysts still see value in the shares. Article link
• Positive Sentiment: Jefferies reaffirmed its buy rating on Airbnb, supporting the view that Wall Street remains constructive on the company’s longer-term growth outlook. Article link
• Neutral Sentiment: Investors are watching Airbnb’s upcoming fiscal second-quarter earnings report, with analysts expecting double-digit earnings growth; results will likely determine whether the stock can extend recent momentum. Article link
• Neutral Sentiment: Airbnb co-founder Joseph Gebbia sold about $39 million in stock under a pre-arranged 10b5-1 plan. While not necessarily a bearish signal, insider selling can create some investor caution. Article link
• Negative Sentiment: CEO Brian Chesky’s X account was reportedly hacked and used to promote crypto tokenization posts. The incident does not directly affect fundamentals, but it is a reputational and security-related distraction for the company. Article link

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ABNB shares. UBS Group lifted their price objective on shares of Airbnb from $153.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. HSBC lowered shares of Airbnb from a “hold” rating to a “hold” rating in a research report on Monday, May 4th. Jefferies Financial Group raised their target price on shares of Airbnb from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. lifted their price target on shares of Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Susquehanna boosted their price target on shares of Airbnb from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Airbnb has a consensus rating of “Moderate Buy” and a consensus target price of $159.84.

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.