Norges Bank Makes New $480.33 Million Investment in Airbnb, Inc. $ABNB

Norges Bank acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,539,136 shares of the company’s stock, valued at approximately $480,332,000.

Other large investors have also recently added to or reduced their stakes in the company. Patton Fund Management Inc. grew its holdings in shares of Airbnb by 4.3% during the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock worth $254,000 after purchasing an additional 77 shares during the last quarter. BOKF NA grew its holdings in shares of Airbnb by 11.0% during the fourth quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after purchasing an additional 78 shares during the last quarter. Yoder Wealth Management Inc. grew its holdings in shares of Airbnb by 0.3% during the fourth quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock worth $3,582,000 after purchasing an additional 84 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Airbnb by 1.0% during the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock worth $1,007,000 after purchasing an additional 86 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its holdings in shares of Airbnb by 4.1% during the third quarter. Koshinski Asset Management Inc. now owns 2,226 shares of the company’s stock worth $270,000 after purchasing an additional 87 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 265,746 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $132.22, for a total value of $35,136,936.12. Following the transaction, the chief executive officer directly owned 11,206,389 shares of the company’s stock, valued at approximately $1,481,708,753.58. This trade represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 60,136 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $145.70, for a total transaction of $8,761,815.20. Following the completion of the transaction, the insider directly owned 11,920 shares in the company, valued at approximately $1,736,744. The trade was a 83.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 968,723 shares of company stock valued at $130,478,651. 27.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on ABNB shares. HSBC cut Airbnb from a “hold” rating to a “hold” rating in a report on Monday, May 4th. Morgan Stanley cut Airbnb from an “underweight” rating to an “underweight” rating in a report on Monday, May 4th. Tigress Financial decreased their price target on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Barclays increased their price target on shares of Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Finally, HC Wainwright raised shares of Airbnb to a “buy” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $157.67.

Airbnb Price Performance

Airbnb stock opened at $133.31 on Monday. The business’s 50-day simple moving average is $133.93 and its 200 day simple moving average is $130.27. The stock has a market cap of $80.35 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 1.43 and a beta of 1.16. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $147.25. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). The firm had revenue of $2.68 billion during 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 31.24%. Airbnb’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 EPS. As a group, research analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

• Negative Sentiment: CEO Brian Chesky sold 265,746 shares for about $35.1 million, cutting his position by 2.32% and adding to recent selling pressure. SEC filing
• Negative Sentiment: Chesky also sold 229,550 shares for about $30.6 million, trimming another 1.96% from his stake. SEC filing
• Negative Sentiment: A separate 20,000-share sale by the CEO further reinforced the pattern of insider selling around current trading levels. SEC filing
• Negative Sentiment: Director Joseph Gebbia also sold 2,860 shares, adding to the recent stream of insider sales at Airbnb. SEC filing
• Neutral Sentiment: Airbnb expanded its platform with airport pickups, grocery delivery, luggage storage, and car rentals, which could support long-term engagement but is unlikely to move the stock immediately. Article source
• Neutral Sentiment: Airbnb is investing in group travel startup WeRoad through a $58 million Series C round, potentially broadening its travel ecosystem, but the near-term financial impact is still uncertain. Article source

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.