First Dallas Securities Inc. Lowers Position in Airbnb, Inc. $ABNB

First Dallas Securities Inc. lowered its position in Airbnb, Inc. (NASDAQ:ABNB) by 67.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,655 shares of the company’s stock after selling 5,575 shares during the period. First Dallas Securities Inc.’s holdings in Airbnb were worth $351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ABNB. Greenleaf Trust lifted its position in shares of Airbnb by 34.5% during the 1st quarter. Greenleaf Trust now owns 2,858 shares of the company’s stock worth $341,000 after buying an additional 733 shares in the last quarter. Alps Advisors Inc. increased its position in shares of Airbnb by 28.6% during the first quarter. Alps Advisors Inc. now owns 9,912 shares of the company’s stock valued at $1,184,000 after acquiring an additional 2,202 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Airbnb by 12.9% during the first quarter. Ballentine Partners LLC now owns 1,901 shares of the company’s stock worth $227,000 after acquiring an additional 217 shares during the period. Arizona State Retirement System lifted its holdings in Airbnb by 0.6% during the first quarter. Arizona State Retirement System now owns 126,927 shares of the company’s stock worth $15,163,000 after acquiring an additional 726 shares during the period. Finally, BankPlus Trust Department purchased a new position in Airbnb in the first quarter worth $43,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ABNB has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on shares of Airbnb from $140.00 to $145.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Truist Financial lowered their price objective on shares of Airbnb from $106.00 to $104.00 and set a “sell” rating on the stock in a research report on Wednesday, September 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $165.00 target price on shares of Airbnb in a research note on Friday. Finally, JPMorgan Chase & Co. raised their price target on shares of Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average price target of $142.44.

Airbnb Stock Performance

NASDAQ:ABNB opened at $120.88 on Monday. The firm has a market capitalization of $75.12 billion, a price-to-earnings ratio of 28.71, a P/E/G ratio of 2.21 and a beta of 1.11. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The stock has a fifty day moving average of $123.89 and a 200 day moving average of $128.87.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share 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 return on equity of 32.14% and a net margin of 22.03%.Airbnb’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.13 earnings per share. Airbnb has set its Q4 2025 guidance at EPS. Equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Elinor Mertz sold 12,184 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 444,070 shares of the company’s stock, valued at $56,685,535.50. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 2,246 shares of Airbnb stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total transaction of $281,199.20. Following the sale, the insider owned 182,514 shares of the company’s stock, valued at approximately $22,850,752.80. The trade was a 1.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,446,760 shares of company stock worth $179,726,429. Insiders own 27.83% of the company’s stock.

Airbnb Company Profile

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.