Ellevest Inc. Has $320,000 Holdings in Airbnb, Inc. $ABNB

Ellevest Inc. cut its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 22.4% during the second quarter, HoldingsChannel.com reports. The firm owned 2,416 shares of the company’s stock after selling 698 shares during the period. Ellevest Inc.’s holdings in Airbnb were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harris Associates L P increased its holdings in Airbnb by 86.0% in the 1st quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock valued at $1,188,024,000 after buying an additional 4,598,125 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Airbnb by 2,297.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,801,899 shares of the company’s stock worth $334,715,000 after acquiring an additional 2,685,026 shares during the period. AQR Capital Management LLC boosted its position in shares of Airbnb by 81.0% during the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after acquiring an additional 1,916,676 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new position in Airbnb in the second quarter worth about $170,189,000. Finally, Consulta Ltd bought a new position in Airbnb during the first quarter worth about $149,325,000. 80.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on ABNB. BMO Capital Markets set a $124.00 price objective on Airbnb and gave the company a “market perform” rating in a research note on Thursday, August 7th. Phillip Securities raised Airbnb from a “moderate sell” rating to a “hold” rating in a research note on Friday, August 8th. JPMorgan Chase & Co. upped their price target on Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. BTIG Research reissued a “neutral” rating on shares of Airbnb in a report on Tuesday, October 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 have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus target price of $141.70.

Insider Transactions at Airbnb

In related news, insider Nathan Blecharczyk sold 2,246 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total value of $281,199.20. Following the completion of the transaction, the insider owned 182,514 shares in the company, valued at $22,850,752.80. The trade was a 1.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction on Monday, October 13th. The shares were sold at an average price of $119.22, for a total value of $28,135,920.00. Following the completion of the transaction, the director owned 704,015 shares in the company, valued at $83,932,668.30. The trade was a 25.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,446,760 shares of company stock worth $179,726,429. Corporate insiders own 27.91% of the company’s stock.

Airbnb Stock Performance

Airbnb stock opened at $120.53 on Friday. The business’s fifty day moving average is $124.09 and its two-hundred day moving average is $128.63. The firm has a market cap of $74.90 billion, a P/E ratio of 29.18, a P/E/G ratio of 2.23 and a beta of 1.11. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 earnings per share. Airbnb has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.