SCS Capital Management LLC Has $11.15 Million Stock Holdings in Airbnb, Inc. $ABNB

SCS Capital Management LLC lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 82,166 shares of the company’s stock after selling 7,482 shares during the quarter. SCS Capital Management LLC’s holdings in Airbnb were worth $11,152,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in Airbnb in the third quarter worth approximately $25,000. ORG Partners LLC grew its position in Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 96 shares in the last quarter. Entrust Financial LLC bought a new stake in Airbnb in the fourth quarter worth approximately $27,000. Sunbelt Securities Inc. grew its position in Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares in the last quarter. Finally, Wiser Advisor Group LLC bought a new stake in Airbnb in the third quarter worth approximately $27,000. 80.76% of the stock is owned by institutional investors.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

• Negative Sentiment: CEO Brian Chesky sold 265,746 shares for about $35.1 million, cutting his position by 2.32% and adding to recent selling pressure. SEC filing
• Negative Sentiment: Chesky also sold 229,550 shares for about $30.6 million, trimming another 1.96% from his stake. SEC filing
• Negative Sentiment: A separate 20,000-share sale by the CEO further reinforced the pattern of insider selling around current trading levels. SEC filing
• Negative Sentiment: Director Joseph Gebbia also sold 2,860 shares, adding to the recent stream of insider sales at Airbnb. SEC filing
• Neutral Sentiment: Airbnb expanded its platform with airport pickups, grocery delivery, luggage storage, and car rentals, which could support long-term engagement but is unlikely to move the stock immediately. Article source
• Neutral Sentiment: Airbnb is investing in group travel startup WeRoad through a $58 million Series C round, potentially broadening its travel ecosystem, but the near-term financial impact is still uncertain. Article source

Analyst Ratings Changes

Several research firms have commented on ABNB. Citizens Jmp boosted their target price on shares of Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. Scotiabank began coverage on shares of Airbnb in a research report on Monday, May 4th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. boosted their target price on shares of Airbnb from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. HC Wainwright raised shares of Airbnb to a “buy” rating in a research report on Monday, May 4th. Finally, Tigress Financial decreased their target price on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.67.

Insider Activity

In other Airbnb news, Director Joseph Gebbia sold 2,860 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $133.44, for a total value of $381,638.40. Following the completion of the sale, the director directly owned 3,447,355 shares of the company’s stock, valued at $460,015,051.20. This represents a 0.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Elinor Mertz sold 3,750 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $143.00, for a total transaction of $536,250.00. Following the completion of the sale, the chief financial officer directly owned 463,415 shares of the company’s stock, valued at approximately $66,268,345. This trade represents a 0.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 968,723 shares of company stock valued at $130,478,651 in the last quarter. 27.21% of the stock is currently owned by corporate insiders.

Airbnb Price Performance

NASDAQ ABNB opened at $133.31 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $133.93 and a 200 day simple moving average of $130.27. The company has a market cap of $80.35 billion, a P/E ratio of 32.84, a P/E/G ratio of 1.43 and a beta of 1.16. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $147.25.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.Airbnb’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. On average, sell-side analysts predict that Airbnb, Inc. will post 4.91 EPS for the current year.

Airbnb Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.