Airbnb, Inc. $ABNB Stock Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS decreased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 90.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,330 shares of the company’s stock after selling 12,000 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Airbnb were worth $214,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ABNB. Pictet Asset Management Holding SA raised its stake in Airbnb by 2.9% during the third quarter. Pictet Asset Management Holding SA now owns 190,935 shares of the company’s stock worth $30,674,000 after acquiring an additional 5,409 shares in the last quarter. United Advisor Group LLC bought a new position in shares of Airbnb during the third quarter valued at $271,000. Alps Advisors Inc. lifted its holdings in shares of Airbnb by 1.4% during the third quarter. Alps Advisors Inc. now owns 14,439 shares of the company’s stock valued at $2,320,000 after acquiring an additional 202 shares during the period. CenterBook Partners LP acquired a new stake in shares of Airbnb in the 3rd quarter valued at $9,875,000. Finally, Allegiance Financial Group Advisory Services LLC boosted its stake in shares of Airbnb by 11.0% in the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 6,084 shares of the company’s stock valued at $977,000 after purchasing an additional 604 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Airbnb

In related news, insider Nathan Blecharczyk sold 13,625 shares of Airbnb stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $194.37, for a total value of $2,648,291.25. Following the sale, the insider owned 20,567 shares of the company’s stock, valued at approximately $3,997,607.79. This trade represents a 39.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO David Bernstein sold 1,756 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $167.38, for a total transaction of $293,919.28. Following the sale, the chief accounting officer directly owned 43,899 shares in the company, valued at $7,347,814.62. This trade represents a 3.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 638,891 shares of company stock worth $120,204,649 over the last ninety days. 27.21% of the stock is currently owned by insiders.

Airbnb Stock Performance

ABNB stock opened at $186.90 on Wednesday. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $197.87. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.25. The company has a market cap of $111.91 billion, a P/E ratio of 34.93, a price-to-earnings-growth ratio of 2.03 and a beta of 1.26. The business’s fifty day moving average is $169.16 and its 200-day moving average is $148.26.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 5th. The company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.31. Airbnb had a net margin of 23.02% and a return on equity of 38.94%. The business had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period last year, the company posted $2.21 EPS. Airbnb’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities research analysts forecast that Airbnb, Inc. will post 5.47 EPS for the current year.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb reported third-quarter earnings and revenue above analyst expectations, with revenue up 18.9% year over year, and authorized a $12 billion share repurchase program. The results and buyback helped lift shares previously. Why Airbnb stock is up today
• Positive Sentiment: CEO Brian Chesky said AI-assistant improvements reduced customer-support cost per booking by 17% year over year, pointing to potential efficiency gains and margin support. Airbnb reduces customer support cost per booking
• Positive Sentiment: Rothschild Redburn upgraded Airbnb from “sell” to “neutral” and raised its price target from $135 to $190, acknowledging its prior cautious view had been wrong over the past year. Redburn revises its Airbnb stance
• Neutral Sentiment: Airbnb and other platforms report very little use of third-party AI agents to book travel or handle errands so far. That suggests limited near-term disruption, but also indicates AI-agent bookings are not yet a meaningful growth driver. AI agents see little use on travel platforms
• Negative Sentiment: Travel stocks, including Airbnb, came under pressure after reports that OpenAI acquired AI travel-planning platform Odessia. Investors may worry that AI companies could become stronger competitors in travel discovery and bookings. Travel stocks fall on OpenAI acquisition report

Analyst Ratings Changes

ABNB has been the topic of several analyst reports. Benchmark upped their target price on shares of Airbnb from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Wedbush lifted their price target on shares of Airbnb from $200.00 to $237.00 and gave the company an “outperform” rating in a report on Friday, November 6th. Piper Sandler restated a “neutral” rating and issued a $180.00 price target (up from $170.00) on shares of Airbnb in a research report on Friday, November 6th. Citigroup upped their price objective on shares of Airbnb from $193.00 to $227.00 and gave the stock a “buy” rating in a research note on Friday, November 6th. Finally, FBN Securities started coverage on Airbnb in a research note on Friday, October 2nd. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Airbnb presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.46.

Airbnb Company Profile

Airbnb operates an online marketplace that connects travelers with hosts offering short-term stays and other travel-related services. Listings include apartments, houses, rooms and distinctive accommodations, with options ranging from brief visits to longer stays. The platform also offers bookable experiences in destinations around the world. Founded in 2007 in San Francisco, Airbnb was started by Brian Chesky, Nathan Blecharczyk and Joe Gebbia. The company serves guests and hosts in more than 220 countries and regions, providing tools for listing properties, managing reservations and handling payments.