TD Asset Management Inc Has $31.98 Million Position in Airbnb, Inc. $ABNB

TD Asset Management Inc lessened its position in Airbnb, Inc. (NASDAQ:ABNB) by 36.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 235,638 shares of the company’s stock after selling 135,771 shares during the quarter. TD Asset Management Inc’s holdings in Airbnb were worth $31,981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Life Insurance Co. grew its position in shares of Airbnb by 15.0% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock valued at $8,022,000 after buying an additional 8,636 shares during the last quarter. Merit Financial Group LLC grew its position in shares of Airbnb by 72.1% in the 4th quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after buying an additional 13,818 shares during the last quarter. Madison Asset Management LLC grew its position in shares of Airbnb by 55.0% in the 3rd quarter. Madison Asset Management LLC now owns 401,679 shares of the company’s stock valued at $48,772,000 after buying an additional 142,583 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Airbnb by 74.9% in the 3rd quarter. Bessemer Group Inc. now owns 21,673 shares of the company’s stock valued at $2,631,000 after buying an additional 9,284 shares during the last quarter. Finally, ARK Investment Management LLC grew its position in shares of Airbnb by 30.7% in the 3rd quarter. ARK Investment Management LLC now owns 1,035,828 shares of the company’s stock valued at $125,770,000 after buying an additional 243,299 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Jefferies said Airbnb’s expansion into hotels, experiences, and higher take rates could add about $1.8 billion in revenue by 2030, and reiterated a Buy rating, reinforcing the bullish case for multi-year growth. Airbnb hotels and experiences push could add $1.8B to 2030 revenue, Jefferies estimates
• Positive Sentiment: Broker sentiment remains broadly supportive, with Airbnb carrying a consensus “Moderate Buy” rating and several firms raising price targets, suggesting Wall Street still sees upside from current levels. Airbnb stock report and analyst ratings
• Neutral Sentiment: Market commentary is questioning whether Airbnb’s valuation already reflects most of the upside after a flat share-price performance and recent regulatory headlines, which may keep investors cautious near term. Is It Time To Reconsider Airbnb (ABNB) After Flat Returns And Regulatory Headlines?
• Neutral Sentiment: CEO Brian Chesky’s reported move to build a separate AI venture is strategically interesting, but it is not directly tied to Airbnb’s core travel business and has an uncertain near-term financial impact. Airbnb CEO Brian Chesky Plans to Start a New AI Company
• Negative Sentiment: Insider selling is the clearest near-term negative: Director Joseph Gebbia sold 265,000 shares and CFO Elinor Mertz sold 7,433 shares, while Brian Chesky also sold shares, which can raise concerns about management’s confidence in short-term upside. SEC filing for Joseph Gebbia sale SEC filing for Elinor Mertz sale SEC filing for Brian Chesky sales

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ABNB shares. Needham & Company LLC started coverage on Airbnb in a research report on Monday, May 4th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. upped their price target on Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. HSBC lowered Airbnb from a “hold” rating to a “hold” rating in a research report on Monday, May 4th. BMO Capital Markets upped their price target on Airbnb from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, February 13th. Finally, Mizuho upped their price target on Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.76.

Airbnb Stock Down 0.1%

Shares of Airbnb stock opened at $133.54 on Friday. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. The stock’s 50-day moving average is $134.32 and its 200 day moving average is $130.65. The firm has a market cap of $80.49 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 1.43 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities research analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current year.

Insider Activity at Airbnb

In related news, CFO Elinor Mertz sold 7,433 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $136.24, for a total transaction of $1,012,671.92. Following the sale, the chief financial officer owned 449,040 shares in the company, valued at $61,177,209.60. This represents a 1.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 62,764 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $134.00, for a total value of $8,410,376.00. Following the sale, the chief executive officer owned 10,855,175 shares in the company, valued at approximately $1,454,593,450. The trade was a 0.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,612,370 shares of company stock worth $217,546,338 in the last 90 days. Corporate insiders own 27.21% of the company’s stock.

Airbnb Company 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.