Airbnb, Inc. $ABNB Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 60.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 147,054 shares of the company’s stock after selling 224,266 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Airbnb were worth $19,958,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. purchased a new position in Airbnb in the fourth quarter worth approximately $464,000. Clear Street Group Inc. purchased a new position in Airbnb in the fourth quarter worth approximately $587,000. Ariadne Wealth Management LP grew its position in Airbnb by 22.2% in the fourth quarter. Ariadne Wealth Management LP now owns 2,678 shares of the company’s stock worth $363,000 after acquiring an additional 487 shares during the period. Aptus Capital Advisors LLC grew its position in Airbnb by 19.5% in the fourth quarter. Aptus Capital Advisors LLC now owns 5,365 shares of the company’s stock worth $728,000 after acquiring an additional 877 shares during the period. Finally, FORA Capital LLC grew its position in Airbnb by 217.4% in the fourth quarter. FORA Capital LLC now owns 68,057 shares of the company’s stock worth $9,237,000 after acquiring an additional 46,617 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Evercore reiterated an “outperform” rating on shares of Airbnb in a research report on Friday, May 8th. HSBC lowered Airbnb from a “hold” rating to a “hold” rating in a research report on Monday, May 4th. UBS Group increased their price objective on Airbnb from $153.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wells Fargo & Company increased their price objective on Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Susquehanna increased their price objective on Airbnb from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.96.

Airbnb Trading Up 5.0%

ABNB opened at $138.96 on Tuesday. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25. The business has a fifty day simple moving average of $135.19 and a 200-day simple moving average of $131.51. The firm has a market cap of $83.75 billion, a P/E ratio of 34.23, a P/E/G ratio of 1.42 and a beta of 1.16. 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 released its quarterly earnings results on Thursday, May 7th. The company reported $0.26 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 firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. On average, equities analysts expect that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 265,746 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the completion of the transaction, the chief executive officer directly owned 11,206,389 shares in the company, valued at $1,481,708,753.58. This trade represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nathan Blecharczyk sold 60,136 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $145.70, for a total value of $8,761,815.20. Following the transaction, the insider owned 11,920 shares of the company’s stock, valued at approximately $1,736,744. This represents a 83.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,677,117 shares of company stock worth $226,595,468 over the last ninety days. Company insiders own 27.21% of the company’s stock.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb benefited from improving market sentiment after a peace deal announcement helped ease geopolitical concerns, supporting travel and online lodging stocks. Why Airbnb (ABNB) Stock Is Trading Up Today
• Neutral Sentiment: Truist lifted its price target on Airbnb to $134 from $129, but kept a hold rating, signaling limited near-term upside in the firm’s view. Benzinga report on Truist price target update
• Neutral Sentiment: Investor commentary around whether Airbnb can stay resilient amid the AI transition is keeping the stock in focus, but this is more of a long-term strategic debate than a direct near-term catalyst. Is Airbnb (ABNB) Resilient to AI Transition?

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.