Airbnb, Inc. $ABNB Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 103.4% during the fourth quarter, HoldingsChannel reports. The firm owned 2,835,856 shares of the company’s stock after purchasing an additional 1,441,747 shares during the quarter. Van ECK Associates Corp’s holdings in Airbnb were worth $384,882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ABNB. Caxton Associates LLP acquired a new stake in shares of Airbnb during the 1st quarter worth approximately $258,000. Intech Investment Management LLC grew its stake in shares of Airbnb by 55.8% during 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 grew its stake in shares of Airbnb by 18.8% during 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 acquired a new position in shares of Airbnb during the 2nd quarter worth approximately $411,000. Finally, NewEdge Advisors LLC raised its stake in shares of Airbnb by 9.8% during the 2nd quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock worth $7,153,000 after buying an additional 4,811 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Motley Fool articles argue Airbnb remains a top growth stock, citing its strong network effect, large base of hosts and travelers, and ongoing product innovation that could support long-term user engagement and revenue growth. Article Title
• Positive Sentiment: Investor sentiment also looks supported by news that CEO Brian Chesky is launching a new AI venture focused on rethinking user interaction and design, which could signal fresh innovation around the Airbnb ecosystem. Article Title
• Neutral Sentiment: Airbnb shareholders recently reaffirmed the board, auditor, and executive pay packages at the annual meeting, a routine governance update that does not appear to materially change the investment case. Article Title
• Negative Sentiment: CEO Brian Chesky disclosed additional share sales, adding to recent insider selling and potentially raising concerns about management confidence or near-term valuation. Article Title
• Negative Sentiment: Broader regulatory pressure on short-term rentals, such as new rules being discussed in Cape Town, could add to the long-term policy risk facing Airbnb’s business model. Article Title

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 265,000 shares of Airbnb stock in a transaction on Monday, June 1st. The stock was sold at an average price of $135.45, for a total transaction of $35,894,250.00. Following the transaction, the director owned 3,182,355 shares in the company, valued at $431,049,984.75. The trade was a 7.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 265,746 shares of Airbnb stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $132.22, for a total value of $35,136,936.12. Following the transaction, the chief executive officer owned 11,206,389 shares in the company, valued at approximately $1,481,708,753.58. This represents a 2.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,677,117 shares of company stock worth $226,595,468 in the last quarter. Company insiders own 27.21% of the company’s stock.

Airbnb Trading Up 1.1%

Shares of ABNB opened at $132.28 on Friday. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week 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. The firm’s fifty day moving average is $134.91 and its two-hundred day moving average is $131.25. The stock has a market cap of $79.73 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 1.40 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last announced its 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). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the firm earned $0.24 EPS. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. Research analysts forecast that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Evercore reissued an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. Morgan Stanley cut shares of Airbnb from an “underweight” rating to an “underweight” rating in a research note on Monday, May 4th. Argus raised shares of Airbnb to a “strong-buy” rating in a research note on Tuesday, February 17th. Needham & Company LLC assumed coverage on shares of Airbnb in a research note on Monday, May 4th. They issued a “buy” rating on the stock. Finally, Oppenheimer raised shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.76.

Airbnb Company 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.