Airbnb, Inc. $ABNB Shares Sold by Creative Planning

Creative Planning cut its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 9.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 60,890 shares of the company’s stock after selling 6,424 shares during the period. Creative Planning’s holdings in Airbnb were worth $8,058,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ABNB. Vanguard Group Inc. raised its stake in shares of Airbnb by 1.6% during the first quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company’s stock valued at $4,475,286,000 after purchasing an additional 604,120 shares during the period. Harris Associates L P grew its holdings in Airbnb by 86.0% during the 1st quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock valued at $1,188,024,000 after purchasing an additional 4,598,125 shares in the last quarter. Geode Capital Management LLC increased its stake in Airbnb by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock worth $1,314,057,000 after buying an additional 145,788 shares during the period. Northern Trust Corp increased its stake in Airbnb by 2.5% during the 1st quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock worth $525,979,000 after buying an additional 106,135 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Airbnb by 81.0% in the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after buying an additional 1,916,676 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ABNB. Mizuho set a $156.00 target price on Airbnb in a research report on Friday, November 7th. Wedbush restated a “neutral” rating and set a $130.00 price objective on shares of Airbnb 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 for the company. Truist Financial decreased their price target on shares of Airbnb from $106.00 to $104.00 and set a “sell” rating for the company in a research report on Wednesday, September 3rd. Finally, Morgan Stanley cut their price target on shares of Airbnb from $130.00 to $120.00 and set an “underweight” rating on the stock in a report on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $143.31.

Airbnb Trading Down 0.8%

Shares of NASDAQ ABNB opened at $114.44 on Thursday. The company has a market capitalization of $70.44 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 2.03 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 business has a 50 day simple moving average of $122.91 and a 200-day simple moving average of $128.60.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS 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 during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the firm earned $2.13 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Airbnb has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $120.66, for a total transaction of $28,475,760.00. Following the sale, the director owned 232,015 shares in the company, valued at $27,994,929.90. This represents a 50.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $121.38, for a total transaction of $72,828.00. Following the completion of the transaction, the chief technology officer directly owned 194,806 shares in the company, valued at $23,645,552.28. This represents a 0.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,444,514 shares of company stock valued at $178,333,882 in the last quarter. Insiders own 27.91% of the company’s stock.

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.