Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Holdings in Airbnb, Inc. $ABNB

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 4.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 949,025 shares of the company’s stock after purchasing an additional 44,394 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.15% of Airbnb worth $125,594,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ABNB. Kentucky Trust Co acquired a new stake in Airbnb in the 2nd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 83 shares in the last quarter. Concord Wealth Partners purchased a new position in Airbnb during the second quarter valued at $28,000. Whipplewood Advisors LLC grew its position in shares of Airbnb by 235.3% in the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after purchasing an additional 160 shares during the period. Finally, Armstrong Advisory Group Inc. increased its stake in shares of Airbnb by 363.6% during the second quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $125.47, for a total value of $75,282.00. Following the transaction, the chief technology officer directly owned 196,006 shares in the company, valued at approximately $24,592,872.82. This represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $128.47, for a total value of $30,318,920.00. Following the completion of the transaction, the director owned 468,015 shares of the company’s stock, valued at $60,125,887.05. The trade was a 33.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,446,760 shares of company stock valued at $179,726,429 in the last 90 days. Company insiders own 27.91% of the company’s stock.

Airbnb Stock Up 0.3%

Shares of ABNB opened at $120.88 on Friday. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The stock has a fifty day simple moving average of $123.89 and a two-hundred day simple moving average of $128.79. The company has a market capitalization of $75.12 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.71%. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the company posted $2.13 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Airbnb has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ABNB shares. UBS Group raised their price target on shares of Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Company raised their target price on Airbnb from $110.00 to $111.00 and gave the company an “underweight” rating in a research report on Friday. Wedbush reaffirmed a “neutral” rating and issued a $130.00 price target on shares of Airbnb in a research note on Friday. Morgan Stanley dropped their price target on Airbnb from $130.00 to $120.00 and set an “underweight” rating for the company in a research report on Thursday, August 7th. Finally, BMO Capital Markets set a $124.00 price objective on Airbnb and gave the company a “market perform” rating in a research note on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average target price of $142.44.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.