Airbnb, Inc. $ABNB Shares Acquired by DNB Asset Management AS

DNB Asset Management AS increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.1% in the second quarter, HoldingsChannel reports. The firm owned 82,606 shares of the company’s stock after acquiring an additional 4,769 shares during the quarter. DNB Asset Management AS’s holdings in Airbnb were worth $10,932,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Airbnb by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 37,645,965 shares of the company’s stock worth $4,982,067,000 after buying an additional 183,336 shares during the last quarter. Harris Associates L P increased its stake in shares of Airbnb by 86.0% in the first quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock worth $1,188,024,000 after acquiring an additional 4,598,125 shares during the period. Geode Capital Management LLC raised its holdings in shares of Airbnb by 1.5% during the second quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock worth $1,314,057,000 after purchasing an additional 145,788 shares during the last quarter. Northern Trust Corp lifted its position in Airbnb by 2.5% during the first quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock valued at $525,979,000 after purchasing an additional 106,135 shares during the period. Finally, AQR Capital Management LLC lifted its position in Airbnb by 81.0% during the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after purchasing an additional 1,916,676 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

Airbnb stock opened at $114.26 on Friday. The stock has a market capitalization of $70.33 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 2.01 and a beta of 1.11. The business has a 50 day simple moving average of $122.52 and a 200-day simple moving average of $128.46. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. Airbnb’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 EPS. Airbnb has set its Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $120.66, for a total transaction of $28,475,760.00. Following the completion of the sale, the director directly owned 232,015 shares in the company, valued at approximately $27,994,929.90. The trade was a 50.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elinor Mertz sold 7,500 shares of the stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $130.00, for a total value of $975,000.00. Following the transaction, the chief financial officer directly owned 436,570 shares of the company’s stock, valued at $56,754,100. The trade was a 1.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,444,514 shares of company stock valued at $178,333,882 over the last 90 days. Corporate insiders own 27.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ABNB. Sanford C. Bernstein reiterated an “outperform” rating and set a $165.00 price objective on shares of Airbnb in a research note on Friday, November 7th. JPMorgan Chase & Co. raised their target price on Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Truist Financial decreased their price target on Airbnb from $106.00 to $104.00 and set a “sell” rating for the company in a report on Wednesday, September 3rd. Phillip Securities upgraded Airbnb from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 8th. Finally, Royal Bank Of Canada raised their price objective on shares of Airbnb from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average price target of $143.31.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.