MKA Charitable Fund Reduces Stake in Airbnb, Inc. $ABNB

MKA Charitable Fund trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,930,813 shares of the company’s stock after selling 16,475 shares during the quarter. Airbnb accounts for approximately 100.0% of MKA Charitable Fund’s portfolio, making the stock its largest holding. MKA Charitable Fund owned about 0.31% of Airbnb worth $255,524,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harris Associates L P boosted its holdings in Airbnb by 86.0% during the first quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock worth $1,188,024,000 after purchasing an additional 4,598,125 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Airbnb by 2,297.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,801,899 shares of the company’s stock worth $334,715,000 after buying an additional 2,685,026 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Airbnb by 81.0% in the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after acquiring an additional 1,916,676 shares in the last quarter. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Airbnb during the second quarter valued at approximately $170,189,000. Finally, Consulta Ltd bought a new stake in Airbnb during the first quarter worth $149,325,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ABNB. Mizuho set a $156.00 price objective on Airbnb in a research note on Friday, November 7th. Wedbush reissued a “neutral” rating and issued a $130.00 price target on shares of Airbnb in a report on Friday, November 7th. UBS Group increased their price target on shares of Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. Finally, BNP Paribas upgraded shares of Airbnb to a “hold” rating in a research note on Wednesday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $143.31.

Insider Transactions at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 7,500 shares of the stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $130.00, for a total value of $975,000.00. Following the sale, the chief financial officer directly owned 436,570 shares in the company, valued at $56,754,100. This represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $125.47, for a total transaction of $75,282.00. Following the transaction, the chief technology officer owned 196,006 shares of the company’s stock, valued at $24,592,872.82. This trade represents a 0.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,446,760 shares of company stock valued at $179,726,429. 27.91% of the stock is currently owned by corporate insiders.

Airbnb Price Performance

NASDAQ:ABNB opened at $121.69 on Thursday. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The stock’s fifty day moving average price is $123.52 and its two-hundred day moving average price is $128.81. The company has a market cap of $75.62 billion, a P/E ratio of 28.90, a P/E/G ratio of 2.16 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last released 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 company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm posted $2.13 earnings per share. The business’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. On average, analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

About Airbnb

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.