Skandinaviska Enskilda Banken AB publ Purchases 10,247 Shares of Airbnb, Inc. $ABNB

Skandinaviska Enskilda Banken AB publ raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 7.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,993 shares of the company’s stock after purchasing an additional 10,247 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Airbnb were worth $18,527,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Kentucky Trust Co bought a new stake in Airbnb during the second quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in Airbnb by 70.9% in 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 acquired a new position in Airbnb during the second quarter worth about $28,000. Whipplewood Advisors LLC lifted its holdings in shares of Airbnb by 235.3% in the second 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. grew its holdings in shares of Airbnb by 363.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. BNP Paribas assumed coverage on shares of Airbnb in a research report on Monday. They issued a “hold” rating on the stock. Barclays upped their target price on Airbnb from $105.00 to $107.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Citizens Jmp upgraded Airbnb to a “hold” rating in a report on Monday, August 11th. DA Davidson set a $155.00 price objective on shares of Airbnb in a report on Friday, November 14th. Finally, Mizuho set a $156.00 price target on shares of Airbnb in a research report on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $143.31.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were 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 in the company, valued at $23,645,552.28. This represents a 0.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Elinor Mertz sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $130.00, for a total transaction of $975,000.00. Following the completion of the transaction, the chief financial officer directly owned 436,570 shares in the company, valued at approximately $56,754,100. The trade was a 1.69% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,676,514 shares of company stock worth $204,832,922. 27.91% of the stock is owned by corporate insiders.

Airbnb Stock Up 0.1%

ABNB opened at $116.80 on Friday. The stock has a market cap of $71.90 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 2.06 and a beta of 1.11. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a fifty day moving average of $121.83 and a 200-day moving average of $128.07.

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

About Airbnb

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.