Headlands Technologies LLC Sells 8,428 Shares of Airbnb, Inc. $ABNB

Headlands Technologies LLC cut its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 50.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,355 shares of the company’s stock after selling 8,428 shares during the period. Headlands Technologies LLC’s holdings in Airbnb were worth $1,196,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. North Dakota State Investment Board bought a new stake in shares of Airbnb during the fourth quarter valued at approximately $2,785,000. North Star Asset Management Inc. boosted its holdings in shares of Airbnb by 13.4% in the fourth quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock valued at $10,663,000 after purchasing an additional 9,294 shares during the period. Carmignac Gestion grew its stake in Airbnb by 40.8% in the first quarter. Carmignac Gestion now owns 659,570 shares of the company’s stock worth $83,290,000 after purchasing an additional 191,200 shares in the last quarter. Oxbow Advisors LLC grew its stake in Airbnb by 122.9% in the fourth quarter. Oxbow Advisors LLC now owns 50,414 shares of the company’s stock worth $6,842,000 after purchasing an additional 27,793 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its holdings in Airbnb by 21.7% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 42,696 shares of the company’s stock worth $5,392,000 after purchasing an additional 7,613 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ABNB shares. Cantor Fitzgerald upped their target price on Airbnb from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. BMO Capital Markets raised their price target on Airbnb from $146.00 to $165.00 and gave the company a “market perform” rating in a research note on Monday, August 10th. DA Davidson lifted their price objective on Airbnb from $175.00 to $220.00 and gave the company a “buy” rating in a report on Monday. KeyCorp restated a “sector weight” rating on shares of Airbnb in a report on Monday, August 10th. Finally, The Goldman Sachs Group set a $170.00 price objective on shares of Airbnb in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $175.59.

Airbnb Stock Down 3.3%

Shares of ABNB stock opened at $183.22 on Tuesday. The stock’s fifty day moving average price is $159.78 and its 200 day moving average price is $142.33. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $193.45. The company has a market cap of $109.71 billion, a price-to-earnings ratio of 41.64, a price-to-earnings-growth ratio of 2.19 and a beta of 1.14. 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 results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 33.38% and a net margin of 20.45%.The firm’s revenue was up 16.3% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. On average, research analysts expect that Airbnb, Inc. will post 5.23 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Nathan Blecharczyk sold 531,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $174.41, for a total value of $92,611,710.00. Following the completion of the transaction, the insider directly owned 171,370 shares of the company’s stock, valued at $29,888,641.70. This trade represents a 75.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 294,903 shares of Airbnb stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $148.43, for a total transaction of $43,772,452.29. Following the completion of the sale, the director owned 2,622,452 shares of the company’s stock, valued at $389,250,550.36. This trade represents a 10.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,335,437 shares of company stock worth $377,247,531 over the last 90 days. 27.21% of the stock is currently owned by corporate insiders.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: D.A. Davidson raised its Airbnb price target from $175 to $220 and reiterated a Buy rating. The firm cited rapid growth in Experiences listings and Airbnb’s partnership with Viator, suggesting the newer businesses could expand the company’s long-term growth opportunity. Tom White Raises Airbnb Price Target to $220
• Positive Sentiment: Analysts are becoming more constructive on Airbnb’s AI initiatives, Experiences offering and other emerging businesses. The view is that progress in these areas may reduce the “overhang” associated with the company’s future growth and support further upside. Analyst Sees Overhang Lifting on Airbnb’s New Growth Businesses
• Positive Sentiment: Experiences listings across tracked cities increased 30% in three months, outpacing rival platforms. The expansion strengthens the case that Airbnb is successfully diversifying beyond its core lodging marketplace. Airbnb Stock Slips as DA Davidson Lifts Target to $220
• Positive Sentiment: Airbnb was among the consumer stocks delivering double-digit gains in August, reflecting continued investor enthusiasm around travel demand and the company’s operating momentum. Consumer Stocks That Bucked August Gloom
• Neutral Sentiment: Airbnb is offering lower fees to select U.S. hosts to help attract more guests. The move could stimulate bookings and improve competitiveness, but reduced take rates could pressure near-term revenue or margins. Airbnb Offers Select U.S. Hosts Lower Fees
• Negative Sentiment: After gaining roughly 21%–25% over the past month and about 42% year to date, Airbnb shares have moved beyond several prior analyst targets. That sharp rerating increases the risk of profit-taking and makes additional gains more dependent on strong execution. Airbnb Rallied 21% in a Month
• Negative Sentiment: An Airbnb insider sold approximately $3.75 million of stock. While one insider transaction does not establish a trend, it can add to short-term selling pressure after the recent rally. Airbnb Insider Sells 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.