Airbnb, Inc. $ABNB Stock: UNIVEST FINANCIAL Corp Lowers Position

UNIVEST FINANCIAL Corp lessened its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 28.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,838 shares of the company’s stock after selling 8,175 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Airbnb were worth $3,348,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Joel Isaacson & Co. LLC purchased a new position in shares of Airbnb during the 3rd quarter valued at about $269,000. First Command Advisory Services Inc. grew its stake in shares of Airbnb by 627.6% during the 3rd quarter. First Command Advisory Services Inc. now owns 211 shares of the company’s stock valued at $34,000 after acquiring an additional 182 shares during the period. Illinois Municipal Retirement Fund increased its holdings in Airbnb by 0.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 137,529 shares of the company’s stock worth $22,094,000 after acquiring an additional 780 shares in the last quarter. New York Life Investment Management LLC increased its holdings in Airbnb by 1.6% in the 3rd quarter. New York Life Investment Management LLC now owns 72,154 shares of the company’s stock worth $11,592,000 after acquiring an additional 1,110 shares in the last quarter. Finally, 71 West Capital Partners purchased a new stake in Airbnb in the 3rd quarter worth approximately $244,000. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citizens Jmp lifted their price target on shares of Airbnb from $190.00 to $200.00 and gave the company a “market outperform” rating in a report on Friday, September 18th. Rothschild & Co Redburn upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and upped their price target for the stock from $135.00 to $190.00 in a research report on Monday. Jefferies Financial Group increased their price objective on shares of Airbnb from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday. Rosenblatt Securities raised their price objective on shares of Airbnb from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 6th. Finally, Royal Bank Of Canada lifted their target price on shares of Airbnb from $195.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Airbnb has a consensus rating of “Moderate Buy” and a consensus price target of $195.46.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 202,652 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $190.28, for a total transaction of $38,560,622.56. Following the transaction, the insider owned 179,567 shares of the company’s stock, valued at approximately $34,168,008.76. This trade represents a 53.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 638,891 shares of company stock worth $120,204,649. Company insiders own 27.21% of the company’s stock.

Airbnb Stock Performance

Airbnb stock opened at $181.13 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $108.46 billion, a P/E ratio of 33.86, a price-to-earnings-growth ratio of 1.98 and a beta of 1.26. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $197.87. The company’s 50-day moving average is $169.13 and its 200 day moving average is $148.51.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 5th. The company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.31. The firm had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.75 billion. Airbnb had a net margin of 23.02% and a return on equity of 38.94%. The business’s revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.21 earnings per share. Research analysts forecast that Airbnb, Inc. will post 5.49 EPS for the current year.

More Airbnb News

Here’s some of the latest news about ABNB:

• Positive Sentiment: Rothschild Redburn upgraded Airbnb from “sell” to “neutral” and raised its price target to $190 from $135, signaling a less cautious view after the company’s recent performance. Redburn changes its Airbnb outlook
• Negative Sentiment: Reports that OpenAI acquired travel-planning platform Odessia raised concerns that AI firms could compete with online travel platforms in planning and bookings, pressuring Airbnb and sector peers. Travel stocks fall on OpenAI acquisition report
• Negative Sentiment: Co-founder Nathan Blecharczyk disclosed substantial recent share sales, including roughly $2.6 million in the latest reported transaction. Insider sales can weigh on sentiment, although they do not necessarily indicate a change in the company’s outlook. Insider stock sale

Airbnb Profile

Airbnb operates an online marketplace that connects travelers with hosts offering short-term stays and other travel-related services. Listings include apartments, houses, rooms and distinctive accommodations, with options ranging from brief visits to longer stays. The platform also offers bookable experiences in destinations around the world. Founded in 2007 in San Francisco, Airbnb was started by Brian Chesky, Nathan Blecharczyk and Joe Gebbia. The company serves guests and hosts in more than 220 countries and regions, providing tools for listing properties, managing reservations and handling payments.