Savant Capital LLC Sells 57,999 Shares of Airbnb, Inc. $ABNB

Savant Capital LLC lowered its position in Airbnb, Inc. (NASDAQ:ABNB) by 76.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,487 shares of the company’s stock after selling 57,999 shares during the period. Savant Capital LLC’s holdings in Airbnb were worth $2,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Kentucky Trust Co purchased a new stake in shares of Airbnb in the second quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in Airbnb by 70.9% in the 2nd 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 bought a new position in Airbnb in the 2nd quarter valued at $28,000. Whipplewood Advisors LLC increased its stake in Airbnb by 235.3% in the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after purchasing an additional 160 shares during the period. Finally, Armstrong Advisory Group Inc. lifted its position in shares of Airbnb by 363.6% during the second quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after purchasing 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

A number of research firms have recently commented on ABNB. BTIG Research restated a “neutral” rating on shares of Airbnb in a report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a research note on Wednesday, October 8th. BMO Capital Markets set a $124.00 price target on shares of Airbnb and gave the company a “market perform” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. increased their price objective on Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Finally, Barclays lifted their target price on Airbnb from $105.00 to $107.00 and gave the company an “underweight” rating in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $142.44.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $119.22, for a total value of $28,135,920.00. Following the sale, the director directly owned 704,015 shares in the company, valued at approximately $83,932,668.30. This trade represents a 25.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 2,246 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total transaction of $281,199.20. Following the transaction, the insider owned 182,514 shares of the company’s stock, valued at approximately $22,850,752.80. This trade represents a 1.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,446,760 shares of company stock worth $179,726,429 over the last quarter. Insiders own 27.83% of the company’s stock.

Airbnb Stock Down 0.6%

Shares of ABNB stock opened at $120.20 on Tuesday. The firm has a market cap of $74.70 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 2.21 and a beta of 1.11. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The company’s 50 day moving average is $123.69 and its 200 day moving average is $128.86.

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

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.