Airbnb, Inc. $ABNB Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. trimmed its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 70.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,260 shares of the company’s stock after selling 48,712 shares during the period. Hodges Capital Management Inc.’s holdings in Airbnb were worth $2,681,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Greenleaf Trust raised its position in shares of Airbnb by 34.5% during the 1st quarter. Greenleaf Trust now owns 2,858 shares of the company’s stock worth $341,000 after purchasing an additional 733 shares during the last quarter. Alps Advisors Inc. increased its stake in Airbnb by 28.6% during the 1st quarter. Alps Advisors Inc. now owns 9,912 shares of the company’s stock worth $1,184,000 after buying an additional 2,202 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Airbnb by 12.9% during the first quarter. Ballentine Partners LLC now owns 1,901 shares of the company’s stock valued at $227,000 after acquiring an additional 217 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Airbnb by 0.6% during the first quarter. Arizona State Retirement System now owns 126,927 shares of the company’s stock valued at $15,163,000 after acquiring an additional 726 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in shares of Airbnb in the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

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 27.83% of the company’s stock.

Airbnb Stock Up 0.3%

Shares of ABNB opened at $120.88 on Monday. 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 $128.87. The company has a market capitalization of $75.12 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 2.21 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 32.14%. 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.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ABNB shares. Wells Fargo & Company increased their price objective on Airbnb from $110.00 to $111.00 and gave the company an “underweight” rating in a research note on Friday. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $165.00 target price on shares of Airbnb in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. BTIG Research reissued a “neutral” rating on shares of Airbnb in a research note on Friday. Finally, Zacks Research raised shares of Airbnb to a “hold” rating in a research note on Tuesday, August 12th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $142.44.

Airbnb 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.