Ieq Capital LLC boosted its position in Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 21.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 584,238 shares of the company’s stock after purchasing an additional 104,789 shares during the quarter. Ieq Capital LLC’s holdings in Airbnb were worth $79,293,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. ORG Partners LLC lifted its position in Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares during the last quarter. Entrust Financial LLC bought a new stake in Airbnb in the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd bought a new stake in Airbnb in the 3rd quarter valued at about $25,000. Aventura Private Wealth LLC bought a new stake in shares of Airbnb during the 4th quarter worth about $29,000. Finally, Sunbelt Securities Inc. raised its position in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after buying an additional 175 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.
Trending Headlines about Airbnb
Here are the key news stories impacting Airbnb this week:
- Positive Sentiment: Motley Fool articles argue Airbnb remains a top growth stock, citing its strong network effect, large base of hosts and travelers, and ongoing product innovation that could support long-term user engagement and revenue growth. Article Title
- Positive Sentiment: Investor sentiment also looks supported by news that CEO Brian Chesky is launching a new AI venture focused on rethinking user interaction and design, which could signal fresh innovation around the Airbnb ecosystem. Article Title
- Neutral Sentiment: Airbnb shareholders recently reaffirmed the board, auditor, and executive pay packages at the annual meeting, a routine governance update that does not appear to materially change the investment case. Article Title
- Negative Sentiment: CEO Brian Chesky disclosed additional share sales, adding to recent insider selling and potentially raising concerns about management confidence or near-term valuation. Article Title
- Negative Sentiment: Broader regulatory pressure on short-term rentals, such as new rules being discussed in Cape Town, could add to the long-term policy risk facing Airbnb’s business model. Article Title
Wall Street Analyst Weigh In
Read Our Latest Research Report on ABNB
Airbnb Stock Up 1.1%
ABNB stock opened at $132.28 on Friday. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25. The company has a market capitalization of $79.73 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 1.40 and a beta of 1.16. The firm’s 50-day moving average is $134.91 and its two-hundred day moving average is $131.25. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32.
Airbnb (NASDAQ:ABNB – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. On average, analysts forecast that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.
Insider Transactions at Airbnb
In other news, Director Joseph Gebbia sold 265,000 shares of Airbnb stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $135.45, for a total value of $35,894,250.00. Following the transaction, the director owned 3,182,355 shares of the company’s stock, valued at $431,049,984.75. The trade was a 7.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 60,136 shares of Airbnb stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $145.70, for a total transaction of $8,761,815.20. Following the completion of the transaction, the insider directly owned 11,920 shares in the company, valued at $1,736,744. This represents a 83.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,677,117 shares of company stock valued at $226,595,468 in the last quarter. Insiders own 27.21% of the company’s stock.
Airbnb Profile
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.
Further Reading
- Five stocks we like better than Airbnb
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNB – Free Report).
Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter.
