Airbnb, Inc. $ABNB is Edgewood Management LLC’s 10th Largest Position

Edgewood Management LLC decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 7.6% during the second quarter, HoldingsChannel reports. The fund owned 10,616,541 shares of the company’s stock after selling 869,824 shares during the quarter. Airbnb accounts for approximately 4.5% of Edgewood Management LLC’s investment portfolio, making the stock its 10th largest holding. Edgewood Management LLC’s holdings in Airbnb were worth $1,404,993,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. DDD Partners LLC boosted its stake in shares of Airbnb by 3.9% during the 2nd quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock worth $270,000 after purchasing an additional 76 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Airbnb by 1.6% during the first quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock valued at $604,000 after buying an additional 78 shares during the period. Harbour Investments Inc. boosted its position in shares of Airbnb by 12.2% during the first quarter. Harbour Investments Inc. now owns 738 shares of the company’s stock valued at $88,000 after buying an additional 80 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Airbnb by 70.9% during the second 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 during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Airbnb by 0.8% in the second quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock worth $1,396,000 after buying an additional 85 shares during the period. Institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ABNB. JPMorgan Chase & Co. boosted their price objective on Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Barclays boosted their target price on shares of Airbnb from $105.00 to $107.00 and gave the company an “underweight” rating in a research note on Friday, November 7th. Wedbush reaffirmed a “neutral” rating and issued a $130.00 price target on shares of Airbnb in a research note on Friday, November 7th. Sanford C. Bernstein reiterated an “outperform” rating and set a $165.00 price objective on shares of Airbnb in a report on Friday, November 7th. Finally, Citizens Jmp upgraded shares of Airbnb to a “hold” rating in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $143.31.

Airbnb Price Performance

NASDAQ:ABNB opened at $116.80 on Friday. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The company has a 50-day moving average of $121.83 and a 200 day moving average of $128.07. The firm 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 (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the firm posted $2.13 EPS. The company’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. Sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $123.57, for a total transaction 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. This represents a 20.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Elinor Mertz sold 12,184 shares of Airbnb stock in a transaction on Friday, October 24th. The shares were sold at an average price of $127.65, for a total value of $1,555,287.60. Following the completion of the transaction, the chief financial officer owned 444,070 shares in the company, valued at $56,685,535.50. This represents a 2.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,676,514 shares of company stock valued at $204,832,922 in the last three months. 27.91% of the stock is currently owned by insiders.

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.