Airbnb, Inc. $ABNB Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lowered its position in Airbnb, Inc. (NASDAQ:ABNB) by 25.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,709,126 shares of the company’s stock after selling 931,385 shares during the period. Brown Advisory Inc.’s holdings in Airbnb were worth $367,686,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ABNB. Caxton Associates LLP acquired a new stake in shares of Airbnb in the 1st quarter worth approximately $258,000. Intech Investment Management LLC lifted its stake in Airbnb by 55.8% in the 1st quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after buying an additional 4,353 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Airbnb by 18.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock valued at $776,000 after buying an additional 927 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Airbnb in the 2nd quarter valued at approximately $411,000. Finally, NewEdge Advisors LLC lifted its stake in Airbnb by 9.8% in the 2nd quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock valued at $7,153,000 after buying an additional 4,811 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Key Airbnb News

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

Airbnb Trading Up 1.1%

Shares of Airbnb stock opened at $132.28 on Friday. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25. The firm has a market cap of $79.73 billion, a PE ratio of 32.58, a P/E/G ratio of 1.42 and a beta of 1.16. The business’s fifty day moving average is $134.91 and its two-hundred day moving average is $131.25. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share. Analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ABNB. Susquehanna upped their target price on Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Evercore reaffirmed an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. HSBC lowered Airbnb from a “hold” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Benchmark upped their target price on Airbnb from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Two investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $157.76.

Insider Activity

In other news, Director Joseph Gebbia sold 265,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $135.45, for a total transaction of $35,894,250.00. Following the completion of the sale, the director directly owned 3,182,355 shares in the company, valued at $431,049,984.75. This trade represents a 7.69% 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, CFO Elinor Mertz sold 7,433 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $136.24, for a total value of $1,012,671.92. Following the sale, the chief financial officer owned 449,040 shares of the company’s stock, valued at $61,177,209.60. This represents a 1.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,677,117 shares of company stock worth $226,595,468 over the last ninety days. Corporate insiders own 27.21% of the company’s stock.

Airbnb Company 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.