Saudi Central Bank Acquires 13,765 Shares of Airbnb, Inc. $ABNB

Saudi Central Bank boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 86.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,650 shares of the company’s stock after purchasing an additional 13,765 shares during the quarter. Saudi Central Bank’s holdings in Airbnb were worth $4,243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harris Associates L P increased its stake in Airbnb by 43.2% during the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after acquiring an additional 4,292,383 shares during the last quarter. Norges Bank bought a new position in shares of Airbnb during the 4th quarter valued at approximately $480,332,000. Jennison Associates LLC raised its holdings in Airbnb by 9,331.0% during the 1st quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock valued at $400,681,000 after buying an additional 3,139,315 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Airbnb by 453.5% in 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 during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Airbnb by 80.6% during the second quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company’s stock worth $827,929,000 after buying an additional 2,581,539 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy recommendation and a $220 price target, adding a bullish view to Airbnb’s analyst coverage and implying potential upside. Rosenblatt initiates coverage of Airbnb
• Positive Sentiment: ABNB recently moved above its 20-day moving average, a short-term technical signal that may attract momentum-oriented investors. Airbnb overtakes 20-day moving average
• Positive Sentiment: Airbnb named Pepijn Rijvers chief business officer. His previous experience at Tripadvisor and Booking.com could support the company’s expansion into hotels and broader travel offerings. Airbnb names Pepijn Rijvers chief business officer
• Neutral Sentiment: Bank of America Securities maintained its Hold rating, indicating limited change to its existing view. Separately, Tesla-related discussion of robotaxi fleets being “Airbnb meets Uber” is not a direct change to Airbnb’s fundamentals. Bank of America maintains Hold rating
• Negative Sentiment: Proposed European Union rules could restrict short-term rental homes, potentially reducing available listings or limiting Airbnb’s activity in an important market. The draft proposal represents a material regulatory risk to supply, bookings and growth. Proposed EU rules affecting short-term rentals
• Negative Sentiment: Insider selling may weigh on sentiment. Chief Accounting Officer David Bernstein sold 5,224 shares for approximately $953,000, while a separate filing reported an additional roughly $2.55 million insider sale. The transactions may reflect personal financial planning, but they reduce insider ownership and can concern investors. Airbnb insider stock sale

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 531,000 shares of Airbnb stock in a transaction on Friday, August 7th. The stock was sold at an average price of $174.41, for a total transaction of $92,611,710.00. Following the completion of the sale, the insider directly owned 171,370 shares of the company’s stock, valued at $29,888,641.70. The trade was a 75.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian Chesky sold 200,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $174.79, for a total value of $34,958,000.00. Following the completion of the sale, the chief executive officer owned 10,501,685 shares of the company’s stock, valued at $1,835,589,521.15. This represents a 1.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,292,884 shares of company stock valued at $375,558,036 over the last quarter. 27.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several recent analyst reports. Weiss Ratings raised shares of Airbnb from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Robert W. Baird increased their price objective on shares of Airbnb from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Phillip Securities downgraded shares of Airbnb from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, August 11th. Citizens Jmp boosted their target price on Airbnb from $170.00 to $190.00 and gave the company a “market outperform” rating in a research report on Friday, August 7th. Finally, CICC Research initiated coverage on Airbnb in a report on Friday, June 5th. They issued an “outperform” rating and a $165.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.07.

Airbnb Stock Performance

ABNB stock opened at $181.94 on Monday. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $193.45. The firm’s 50-day moving average is $163.03 and its 200 day moving average is $144.12. The company has a market capitalization of $108.94 billion, a PE ratio of 41.35, a P/E/G ratio of 2.11 and a beta of 1.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.11. The company 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%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. On average, research analysts anticipate that Airbnb, Inc. will post 5.23 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.