PFG Advisors Purchases Shares of 1,571 Airbnb, Inc. $ABNB

PFG Advisors acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,571 shares of the company’s stock, valued at approximately $208,000.

Several other large investors also recently made changes to their positions in ABNB. DDD Partners LLC increased its holdings in Airbnb by 3.9% during the second quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock worth $270,000 after buying an additional 76 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Airbnb by 1.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock valued at $604,000 after acquiring an additional 78 shares during the period. Harbour Investments Inc. grew its position in shares of Airbnb by 12.2% in the 1st quarter. Harbour Investments Inc. now owns 738 shares of the company’s stock valued at $88,000 after acquiring an additional 80 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. Finally, Trivium Point Advisory LLC raised its holdings in shares of Airbnb by 3.0% in the 1st quarter. Trivium Point Advisory LLC now owns 3,408 shares of the company’s stock valued at $407,000 after purchasing an additional 99 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $125.47, for a total value of $75,282.00. Following the completion of the sale, the chief technology officer owned 196,006 shares of the company’s stock, valued at approximately $24,592,872.82. The trade was a 0.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Elinor Mertz sold 7,500 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $130.00, for a total transaction of $975,000.00. Following the completion of the transaction, the chief financial officer owned 436,570 shares in the company, valued at $56,754,100. This trade represents a 1.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,446,760 shares of company stock valued at $179,726,429. 27.91% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ABNB. Morgan Stanley reduced their price target on Airbnb from $130.00 to $120.00 and set an “underweight” rating for the company in a report on Thursday, August 7th. BNP Paribas upgraded Airbnb to a “hold” rating in a research note on Wednesday, July 16th. Citizens Jmp upgraded Airbnb to a “hold” rating in a research note on Monday, August 11th. JPMorgan Chase & Co. boosted their target price on Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $143.31.

Airbnb Trading Down 0.7%

Airbnb stock opened at $121.69 on Thursday. The company has a market capitalization of $75.62 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 2.16 and a beta of 1.11. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The stock’s 50 day moving average is $123.52 and its 200-day moving average is $128.81.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.10). The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 earnings per share. Airbnb has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.