Crossmark Global Holdings Inc. Buys 17,663 Shares of Airbnb, Inc. $ABNB

Crossmark Global Holdings Inc. boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 19.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 110,622 shares of the company’s stock after purchasing an additional 17,663 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Airbnb were worth $15,014,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ABNB. Caxton Associates LLP purchased a new stake in shares of Airbnb in the 1st quarter worth about $258,000. Intech Investment Management LLC lifted its position in shares of Airbnb by 55.8% in the 1st quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock worth $1,453,000 after purchasing an additional 4,353 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Airbnb by 18.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after purchasing an additional 927 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Airbnb in the 2nd quarter worth about $411,000. Finally, NewEdge Advisors LLC lifted its position in shares of Airbnb by 9.8% in the 2nd quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock worth $7,153,000 after purchasing an additional 4,811 shares during the period. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the subject of several research analyst reports. Wedbush raised shares of Airbnb from a “neutral” rating to a “neutral” rating in a research report on Monday. HC Wainwright raised shares of Airbnb to a “buy” rating in a research report on Monday. Morgan Stanley lowered Airbnb from an “underweight” rating to an “underweight” rating in a research report on Monday. Scotiabank started coverage on Airbnb in a research report on Monday. They set an “outperform” rating on the stock. Finally, Royal Bank Of Canada lifted their price target on Airbnb from $170.00 to $173.00 and gave the company an “outperform” rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $157.04.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $141.49 on Friday. The company has a market cap of $86.13 billion, a P/E ratio of 34.85, a PEG ratio of 1.71 and a beta of 1.20. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $147.25. The stock’s fifty day moving average price is $133.41 and its 200-day moving average price is $129.30.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 30.71%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.95 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $126.16, for a total transaction of $7,317,280.00. Following the completion of the sale, the director owned 170,015 shares in the company, valued at approximately $21,449,092.40. This represents a 25.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathan Blecharczyk sold 24,788 shares of the company’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $145.86, for a total value of $3,615,577.68. Following the sale, the insider owned 11,920 shares of the company’s stock, valued at approximately $1,738,651.20. This trade represents a 67.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 457,075 shares of company stock worth $60,358,795. Corporate insiders own 27.21% of the company’s stock.

Trending Headlines about Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Citigroup, RBC, Citizens JMP, and Susquehanna all raised their price targets on Airbnb and maintained bullish or positive ratings, signaling Wall Street sees more upside after the latest earnings and guidance update. Analyst price target upgrades for Airbnb
• Positive Sentiment: Airbnb’s Q1 revenue came in above expectations and the company lifted its full-year sales outlook, reinforcing the view that travel demand remains healthy despite macro and geopolitical noise. Airbnb Raises Outlook, Citing Resilient Travel Demand
• Positive Sentiment: Management said AI is improving efficiency across the business, with Airbnb noting that AI now writes a large share of new code and may reshape job roles, which could support margins over time. Airbnb says AI now writes 60% of its new code
• Positive Sentiment: Several analysts reiterated buy or outperform views, and broker sentiment remains moderately bullish overall, which can help support the stock near current levels. Airbnb maintained at Buy by Citi
• Neutral Sentiment: Airbnb beat revenue estimates but missed earnings per share expectations, creating a mixed headline that limits enthusiasm even as top-line growth stays strong. Airbnb beats expectations for revenue and gross bookings value
• Neutral Sentiment: Comments about elevated cancellations in EMEA and Asia-Pacific due to the Middle East conflict add uncertainty, but they do not yet appear to be derailing demand overall. Airbnb tops revenue estimates, but Middle East cancellations rise due to Iran war
• Negative Sentiment: The company still missed profit estimates, which reminds investors that earnings leverage remains uneven despite solid revenue growth. Airbnb misses profit estimates despite revenue beat

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.