Hershey Trust Co. Buys New Stake in Airbnb, Inc. $ABNB

Hershey Trust Co. purchased a new position in Airbnb, Inc. (NASDAQ:ABNB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,259 shares of the company’s stock, valued at approximately $961,000. Airbnb makes up 0.0% of Hershey Trust Co.’s investment portfolio, making the stock its 4th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ABNB. Kentucky Trust Co acquired a new position in shares of Airbnb in the 2nd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake 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 buying an additional 83 shares in the last quarter. Concord Wealth Partners bought a new stake in Airbnb in the second quarter valued at $28,000. Whipplewood Advisors LLC grew its position in Airbnb by 235.3% in the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after acquiring an additional 160 shares during the period. Finally, Armstrong Advisory Group Inc. raised its stake in 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 acquiring an additional 200 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 1.5%

Shares of Airbnb stock opened at $116.74 on Thursday. The business has a fifty day simple moving average of $122.21 and a 200 day simple moving average of $128.27. The stock has a market cap of $71.86 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.09 and a beta of 1.11. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93.

Airbnb (NASDAQ:ABNB) last released its earnings results 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). The company had revenue of $4.10 billion during 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 period in the previous year, the company posted $2.13 EPS. Airbnb has set its Q4 2025 guidance at EPS. Analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity at Airbnb

In related news, CFO Elinor Mertz sold 12,184 shares of Airbnb stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $127.65, for a total value of $1,555,287.60. Following the sale, the chief financial officer owned 444,070 shares of the company’s stock, valued at approximately $56,685,535.50. This trade represents a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $123.57, for a total value of $29,162,520.00. Following the completion of the sale, the director owned 940,015 shares in the company, valued at $116,157,653.55. The trade was a 20.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,676,514 shares of company stock valued at $204,832,922 in the last quarter. Corporate insiders own 27.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ABNB shares. Phillip Securities upgraded shares of Airbnb from a “moderate sell” rating to a “hold” rating in a research note on Friday, August 8th. Jefferies Financial Group reduced their price target on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday, August 11th. BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Wells Fargo & Company lifted their target price on shares of Airbnb from $110.00 to $111.00 and gave the company an “underweight” rating in a research note on Friday, November 7th. Finally, KeyCorp began coverage on Airbnb in a report on Thursday, October 23rd. They issued a “sector weight” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $143.31.

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.