Pictet Asset Management Holding SA Buys 5,409 Shares of Airbnb, Inc. $ABNB

Pictet Asset Management Holding SA grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 2.9% in the third quarter, HoldingsChannel.com reports. The fund owned 190,935 shares of the company’s stock after acquiring an additional 5,409 shares during the period. Pictet Asset Management Holding SA’s holdings in Airbnb were worth $30,674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wedmont Private Capital raised its position in shares of Airbnb by 1.7% in the 2nd quarter. Wedmont Private Capital now owns 4,517 shares of the company’s stock valued at $671,000 after acquiring an additional 75 shares during the period. Commerzbank Aktiengesellschaft FI grew its holdings in Airbnb by 1.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock valued at $727,000 after purchasing an additional 76 shares during the period. Parkside Financial Bank & Trust grew its holdings in Airbnb by 11.4% during the second quarter. Parkside Financial Bank & Trust now owns 800 shares of the company’s stock valued at $114,000 after purchasing an additional 82 shares during the period. Fermata Advisors LLC grew its holdings in Airbnb by 5.7% during the third quarter. Fermata Advisors LLC now owns 1,645 shares of the company’s stock valued at $264,000 after purchasing an additional 88 shares during the period. Finally, Norman Fields Gottscho Capital Management LLC increased its stake in Airbnb by 3.0% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 3,085 shares of the company’s stock valued at $441,000 after purchasing an additional 90 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Canaccord Genuity Group increased their target price on shares of Airbnb from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company lifted their price target on shares of Airbnb from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 6th. Weiss Ratings raised shares of Airbnb from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Oppenheimer upped their price objective on shares of Airbnb from $210.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 6th. Finally, TD Cowen upgraded shares of Airbnb to a “strong-buy” rating in a research report on Monday, September 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Airbnb presently has a consensus rating of “Moderate Buy” and an average price target of $195.46.

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

Insider Buying and Selling at Airbnb

In related news, insider Nathan Blecharczyk sold 13,625 shares of the business’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $194.37, for a total value of $2,648,291.25. Following the sale, the insider directly owned 20,567 shares of the company’s stock, valued at approximately $3,997,607.79. The trade was a 39.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO David C. Bernstein sold 1,756 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $167.38, for a total transaction of $293,919.28. Following the completion of the transaction, the chief accounting officer directly owned 43,899 shares of the company’s stock, valued at approximately $7,347,814.62. The trade was a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 638,891 shares of company stock valued at $120,204,649 in the last three months. 27.21% of the stock is owned by insiders.

Airbnb Price Performance

Shares of ABNB opened at $186.90 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a 50 day simple moving average of $169.16 and a 200 day simple moving average of $148.26. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $197.87. The firm has a market capitalization of $111.91 billion, a PE ratio of 34.93, a P/E/G ratio of 2.03 and a beta of 1.26.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 5th. The company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.85 by $0.31. Airbnb had a net margin of 23.02% and a return on equity of 38.94%. The firm 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. The business’s quarterly revenue was up 18.9% on a year-over-year basis. Sell-side analysts predict that Airbnb, Inc. will post 5.47 EPS for the current fiscal year.

Airbnb 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.