Mufg Securities Americas Inc. raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 24.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,565 shares of the company’s stock after purchasing an additional 1,903 shares during the period. Mufg Securities Americas Inc.’s holdings in Airbnb were worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of ABNB. Kentucky Trust Co purchased a new stake in Airbnb during the 2nd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. increased its position in Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 83 shares during the last quarter. Concord Wealth Partners purchased a new stake in shares of Airbnb in the second quarter valued at $28,000. Whipplewood Advisors LLC lifted its holdings in shares of Airbnb by 235.3% in the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after acquiring an additional 160 shares during the last quarter. Finally, Armstrong Advisory Group Inc. lifted its holdings in shares of Airbnb by 363.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently commented on ABNB. Wells Fargo & Company upped their price target on shares of Airbnb from $110.00 to $111.00 and gave the company an “underweight” rating in a report on Friday, November 7th. KeyCorp initiated coverage on Airbnb in a research note on Thursday, October 23rd. They set a “sector weight” rating on the stock. Truist Financial reduced their price target on Airbnb from $106.00 to $104.00 and set a “sell” rating on the stock in a report on Wednesday, September 3rd. Mizuho set a $156.00 price target on Airbnb in a research note on Friday, November 7th. Finally, Citizens Jmp raised Airbnb to a “hold” rating in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $143.31.
Airbnb Trading Up 2.4%
ABNB opened at $114.26 on Friday. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The business’s fifty day simple moving average is $122.52 and its 200-day simple moving average is $128.46. The company has a market capitalization of $70.33 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 2.01 and a beta of 1.11.
Airbnb (NASDAQ:ABNB – Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm earned $2.13 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. Airbnb has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.
Insider Activity
In related news, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $120.66, for a total value of $28,475,760.00. Following the completion of the transaction, the director owned 232,015 shares of the company’s stock, valued at $27,994,929.90. The trade was a 50.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $121.38, for a total value of $72,828.00. Following the sale, the chief technology officer owned 194,806 shares of the company’s stock, valued at approximately $23,645,552.28. This represents a 0.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,444,514 shares of company stock worth $178,333,882. 27.91% of the stock is currently owned by corporate insiders.
Airbnb 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.
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