Penserra Capital Management LLC Sells 3,626 Shares of Airbnb, Inc. $ABNB

Penserra Capital Management LLC lowered its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 11.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 28,129 shares of the company’s stock after selling 3,626 shares during the period. Penserra Capital Management LLC’s holdings in Airbnb were worth $3,722,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ABNB. Wedbush Securities Inc. boosted its holdings in Airbnb by 3.5% in the second quarter. Wedbush Securities Inc. now owns 5,615 shares of the company’s stock valued at $743,000 after purchasing an additional 192 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its position in shares of Airbnb by 110.1% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 43,108 shares of the company’s stock worth $5,705,000 after purchasing an additional 22,594 shares during the last quarter. Malaga Cove Capital LLC lifted its stake in Airbnb by 7.9% in the 2nd quarter. Malaga Cove Capital LLC now owns 6,405 shares of the company’s stock valued at $848,000 after buying an additional 467 shares in the last quarter. OneAscent Wealth Management LLC acquired a new stake in Airbnb in the 2nd quarter worth about $382,000. Finally, Twin Capital Management Inc. increased its stake in Airbnb by 370.2% during the 2nd quarter. Twin Capital Management Inc. now owns 18,023 shares of the company’s stock worth $2,385,000 after buying an additional 14,190 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ABNB. Mizuho set a $156.00 price objective on Airbnb in a report on Friday. BNP Paribas upgraded Airbnb to a “hold” rating in a research note on Wednesday, July 16th. Truist Financial dropped their price objective on Airbnb from $106.00 to $104.00 and set a “sell” rating for the company in a research note on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. Finally, Phillip Securities upgraded shares of Airbnb from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $142.44.

Insider Transactions at Airbnb

In related news, CFO Elinor Mertz sold 7,500 shares of the stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $130.00, for a total value of $975,000.00. Following the sale, the chief financial officer owned 436,570 shares of the company’s stock, valued at $56,754,100. This trade represents a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $128.47, for a total value of $30,318,920.00. Following the transaction, the director owned 468,015 shares of the company’s stock, valued at approximately $60,125,887.05. This represents a 33.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,446,760 shares of company stock worth $179,726,429. 27.83% of the stock is currently owned by company insiders.

Airbnb Stock Performance

Shares of Airbnb stock opened at $120.88 on Monday. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The firm’s 50-day simple moving average is $123.89 and its 200-day simple moving average is $128.87. The firm has a market cap of $75.12 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 2.21 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data 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 firm had revenue of $4.10 billion for 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%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.13 EPS. Airbnb has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current 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.