Airbnb, Inc. $ABNB Stock Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 88.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 18,289 shares of the company’s stock after purchasing an additional 8,579 shares during the period. Kestra Advisory Services LLC’s holdings in Airbnb were worth $2,938,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Carmignac Gestion raised its holdings in Airbnb by 40.8% in the 1st quarter. Carmignac Gestion now owns 659,570 shares of the company’s stock valued at $83,290,000 after acquiring an additional 191,200 shares in the last quarter. ZWJ Investment Counsel Inc. increased its stake in Airbnb by 16.5% in the third quarter. ZWJ Investment Counsel Inc. now owns 85,116 shares of the company’s stock valued at $13,674,000 after acquiring an additional 12,025 shares during the last quarter. OMERS ADMINISTRATION Corp increased its stake in Airbnb by 21.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 42,696 shares of the company’s stock valued at $5,392,000 after acquiring an additional 7,613 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Airbnb by 114.6% during the third quarter. Assenagon Asset Management S.A. now owns 3,401,521 shares of the company’s stock valued at $546,454,000 after purchasing an additional 1,816,522 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its position in Airbnb by 11.0% during the third quarter. Diversify Advisory Services LLC now owns 73,815 shares of the company’s stock valued at $12,865,000 after purchasing an additional 7,329 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Key Airbnb News

These are some of the ABNB news items that stood out recently:

• Positive Sentiment: DBS initiated a Buy view on Airbnb, adding a supportive analyst endorsement. Airbnb Receives a Buy from DBS
• Positive Sentiment: Airbnb’s recent quarterly results beat analyst expectations for both earnings and revenue, with revenue up 18.9% year over year. The earnings strength helped the stock stand out amid broader technology-sector weakness. Can Airbnb’s post-earnings rally last?
• Negative Sentiment: OpenAI’s acquisition of travel-planning platform Odessia could create an AI-powered route from trip discovery to booking, potentially diverting travelers from Airbnb’s own booking funnel. Airbnb is also developing AI capabilities, but the competitive impact remains uncertain. Airbnb and the AI travel deal that could rewire trip booking

Wall Street Analysts Forecast Growth

ABNB has been the subject of several recent analyst reports. Canaccord Genuity Group upped their target price on Airbnb from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 6th. Raymond James Financial reissued an “outperform” rating on shares of Airbnb in a report on Tuesday, November 3rd. Rothschild Redburn upgraded Airbnb from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $135.00 to $190.00 in a research report on Monday, November 9th. Truist Financial raised their price objective on Airbnb from $134.00 to $161.00 and gave the company a “hold” rating in a research note on Thursday, September 10th. Finally, Wedbush raised their price objective on Airbnb from $200.00 to $237.00 and gave the company an “outperform” rating in a research note on Friday, November 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.46.

Insider Buying and Selling at Airbnb

In related news, CAO David Bernstein sold 1,756 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $167.38, for a total transaction of $293,919.28. Following the sale, the chief accounting officer owned 43,899 shares in the company, valued at $7,347,814.62. The trade was a 3.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 13,625 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $194.37, for a total value of $2,648,291.25. Following the completion of the transaction, the insider directly owned 20,567 shares of the company’s stock, valued at approximately $3,997,607.79. The trade was a 39.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 638,891 shares of company stock worth $120,204,649. 27.21% of the stock is currently owned by company insiders.

Airbnb Price Performance

Airbnb stock traded up $5.65 during mid-day trading on Friday, reaching $186.78. The company had a trading volume of 4,972,144 shares, compared to its average volume of 4,639,410. The business has a fifty day simple moving average of $169.12 and a 200 day simple moving average of $149.02. The company has a market cap of $111.46 billion, a P/E ratio of 34.91, a P/E/G ratio of 1.92 and a beta of 1.26. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $197.87. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 5th. The company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.31. Airbnb had a net margin of 23.02% and a return on equity of 38.94%. The company had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same period in the prior year, the business earned $2.21 earnings per share. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, equities research analysts predict that Airbnb, Inc. will post 5.49 earnings per share for the current year.

Airbnb Profile

Airbnb operates an online marketplace that connects travelers with hosts offering short-term stays and other travel-related services. Listings include apartments, houses, rooms and distinctive accommodations, with options ranging from brief visits to longer stays. The platform also offers bookable experiences in destinations around the world. Founded in 2007 in San Francisco, Airbnb was started by Brian Chesky, Nathan Blecharczyk and Joe Gebbia. The company serves guests and hosts in more than 220 countries and regions, providing tools for listing properties, managing reservations and handling payments.