Zevenbergen Capital Investments LLC Acquires New Shares in Airbnb, Inc. $ABNB

Zevenbergen Capital Investments LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,771 shares of the company’s stock, valued at approximately $1,730,000.

A number of other institutional investors have also recently added to or reduced their stakes in ABNB. Wellington Management Group LLP raised its position in Airbnb by 80.6% in the second quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company’s stock valued at $827,929,000 after purchasing an additional 2,581,539 shares during the period. Independent Franchise Partners LLP grew its stake in shares of Airbnb by 23.6% in the fourth quarter. Independent Franchise Partners LLP now owns 5,146,272 shares of the company’s stock valued at $698,452,000 after buying an additional 981,624 shares in the last quarter. Amundi raised its holdings in shares of Airbnb by 8.6% during the 1st quarter. Amundi now owns 4,686,765 shares of the company’s stock valued at $591,845,000 after buying an additional 370,426 shares during the period. Jennison Associates LLC lifted its position in Airbnb by 9,331.0% during the 1st quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock worth $400,681,000 after acquiring an additional 3,139,315 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Airbnb by 103.4% in the 4th quarter. Van ECK Associates Corp now owns 2,835,856 shares of the company’s stock worth $384,882,000 after acquiring an additional 1,441,747 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. FBN Securities began coverage on shares of Airbnb in a research report on Friday, October 2nd. They issued an “outperform” rating for the company. Truist Financial boosted their target price on shares of Airbnb from $134.00 to $161.00 and gave the stock a “hold” rating in a research report on Thursday, September 10th. Wells Fargo & Company decreased their target price on shares of Airbnb from $186.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday. Wedbush raised shares of Airbnb from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $152.00 to $200.00 in a research note on Friday, August 7th. Finally, Weiss Ratings raised shares of Airbnb from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Airbnb has an average rating of “Moderate Buy” and an average target price of $182.94.

Insider Activity at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 13,615 shares of the stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $156.82, for a total transaction of $2,135,104.30. Following the transaction, the insider owned 20,567 shares of the company’s stock, valued at $3,225,316.94. This trade represents a 39.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO David Bernstein sold 1,489 shares of Airbnb stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $168.93, for a total value of $251,536.77. Following the completion of the transaction, the chief accounting officer owned 47,024 shares of the company’s stock, valued at approximately $7,943,764.32. The trade was a 3.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,549,346 shares of company stock worth $268,898,016 in the last 90 days. 27.21% of the stock is currently owned by insiders.

Trending Headlines about Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: A CNBC “Final Trades” panelist selected Airbnb, adding to the stock’s positive visibility among market commentators and growth investors. ServiceTitan, Meta, SK Hynix And A Consumer Cyclical Stock On CNBC’s Final Trades
• Positive Sentiment: Growth-oriented coverage highlighted Airbnb’s revenue and earnings characteristics as reasons the company could outperform the broader market, reinforcing the investment case for long-term growth investors. 3 Reasons Growth Investors Will Love Airbnb
• Positive Sentiment: A Q3 investor letter argued that Airbnb’s differentiated, real-world travel marketplace may be relatively insulated from artificial-intelligence disintermediation. That supports the view that Airbnb’s platform and brand provide durable competitive advantages. Why Airbnb’s Exclusivity Insulates It From AI Disintegration
• Positive Sentiment: Coverage comparing Airbnb with consumer-discretionary peers suggests the stock has shown competitive performance this year, helping attract additional investor attention. Is Airbnb Stock Outpacing Its Consumer Discretionary Peers This Year?
• Neutral Sentiment: Zacks and other financial outlets noted unusually high investor attention toward ABNB. The articles primarily discuss the stock’s outlook and screening factors rather than announce a new corporate catalyst. Airbnb Is Attracting Investor Attention
• Negative Sentiment: The current reports do not provide a fresh earnings revision, new product announcement or specific analyst price target. Consequently, the recent strength appears driven more by sentiment and favorable commentary than by a newly disclosed fundamental change.

Airbnb Stock Up 1.6%

Shares of ABNB stock traded up $2.60 during mid-day trading on Thursday, reaching $163.23. 3,450,357 shares of the company were exchanged, compared to its average volume of 4,342,486. The company has a market capitalization of $97.74 billion, a P/E ratio of 37.10, a P/E/G ratio of 1.84 and a beta of 1.24. The business’s 50 day simple moving average is $171.13 and its 200 day simple moving average is $149.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $193.45.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The firm’s revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. Research analysts predict that Airbnb, Inc. will post 5.28 earnings per share for the current year.

Airbnb Company Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel-related experiences with hosts offering homes, apartments, rooms and other lodging options. The company’s platform supports booking and managing stays in a wide range of destinations, from major cities to rural and resort areas.

In addition to accommodations, Airbnb offers experiences hosted by local residents, including activities, tours and cultural events. The company has also expanded its platform to include services in select markets, such as offerings related to hospitality, wellness, food and other travel needs.