SCS Capital Management LLC lowered its position in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,166 shares of the company’s stock after selling 7,482 shares during the quarter. SCS Capital Management LLC’s holdings in Airbnb were worth $11,152,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in ABNB. Rothschild Wealth LLC boosted its stake in shares of Airbnb by 152.3% in the 4th quarter. Rothschild Wealth LLC now owns 5,420 shares of the company’s stock valued at $736,000 after purchasing an additional 3,272 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Airbnb by 2.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 161,118 shares of the company’s stock valued at $21,867,000 after purchasing an additional 3,781 shares during the last quarter. Essex Financial Services Inc. boosted its stake in shares of Airbnb by 48.2% in the 4th quarter. Essex Financial Services Inc. now owns 2,892 shares of the company’s stock valued at $393,000 after purchasing an additional 940 shares during the last quarter. Founders Financial Securities LLC boosted its stake in shares of Airbnb by 16.0% in the 4th quarter. Founders Financial Securities LLC now owns 10,241 shares of the company’s stock valued at $1,390,000 after purchasing an additional 1,410 shares during the last quarter. Finally, MUFG Securities EMEA plc boosted its stake in shares of Airbnb by 112.3% in the 4th quarter. MUFG Securities EMEA plc now owns 17,435 shares of the company’s stock valued at $2,366,000 after purchasing an additional 9,222 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.
Airbnb Price Performance
Airbnb stock opened at $133.31 on Monday. The company’s 50 day simple moving average is $133.93 and its 200 day simple moving average is $130.27. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25. The firm has a market capitalization of $80.35 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 1.43 and a beta of 1.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on ABNB shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $170.00 target price on shares of Airbnb in a research note on Friday, May 8th. Citigroup reaffirmed an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. HSBC lowered shares of Airbnb from a “hold” rating to a “hold” rating in a research note on Monday, May 4th. UBS Group raised their target price on shares of Airbnb from $153.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Argus raised shares of Airbnb to a “strong-buy” rating in a research note on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.67.
Get Our Latest Research Report on Airbnb
Trending Headlines about Airbnb
Here are the key news stories impacting Airbnb this week:
- Negative Sentiment: CEO Brian Chesky sold 265,746 shares for about $35.1 million, cutting his position by 2.32% and adding to recent selling pressure. SEC filing
- Negative Sentiment: Chesky also sold 229,550 shares for about $30.6 million, trimming another 1.96% from his stake. SEC filing
- Negative Sentiment: A separate 20,000-share sale by the CEO further reinforced the pattern of insider selling around current trading levels. SEC filing
- Negative Sentiment: Director Joseph Gebbia also sold 2,860 shares, adding to the recent stream of insider sales at Airbnb. SEC filing
- Neutral Sentiment: Airbnb expanded its platform with airport pickups, grocery delivery, luggage storage, and car rentals, which could support long-term engagement but is unlikely to move the stock immediately. Article source
- Neutral Sentiment: Airbnb is investing in group travel startup WeRoad through a $58 million Series C round, potentially broadening its travel ecosystem, but the near-term financial impact is still uncertain. Article source
Insider Activity at Airbnb
In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $143.00, for a total transaction of $536,250.00. Following the sale, the chief financial officer directly owned 463,415 shares in the company, valued at approximately $66,268,345. This trade represents a 0.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 2,860 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $133.44, for a total transaction of $381,638.40. Following the sale, the director owned 3,447,355 shares in the company, valued at $460,015,051.20. This trade represents a 0.08% 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 have sold 968,723 shares of company stock valued at $130,478,651. Corporate insiders own 27.21% of the company’s stock.
About Airbnb
Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.
Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.
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