Carmignac Gestion raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 40.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 659,570 shares of the company’s stock after purchasing an additional 191,200 shares during the period. Airbnb accounts for 1.3% of Carmignac Gestion’s portfolio, making the stock its 22nd largest holding. Carmignac Gestion owned 0.11% of Airbnb worth $83,290,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Harris Associates L P boosted its holdings in shares of Airbnb by 21.0% during the 4th quarter. Harris Associates L P now owns 18,694,408 shares of the company’s stock worth $2,537,205,000 after buying an additional 3,240,477 shares during the period. Geode Capital Management LLC raised its holdings in Airbnb by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock worth $1,368,338,000 after acquiring an additional 47,966 shares during the period. AQR Capital Management LLC raised its holdings in Airbnb by 58.4% in the 4th quarter. AQR Capital Management LLC now owns 6,762,784 shares of the company’s stock worth $917,845,000 after acquiring an additional 2,492,847 shares during the period. Clearbridge Investments LLC lifted its position in Airbnb by 3.7% during the 4th quarter. Clearbridge Investments LLC now owns 6,073,947 shares of the company’s stock worth $824,356,000 after acquiring an additional 216,455 shares during the last quarter. Finally, Independent Franchise Partners LLP lifted its position in Airbnb by 23.6% during the 4th quarter. Independent Franchise Partners LLP now owns 5,146,272 shares of the company’s stock worth $698,452,000 after acquiring an additional 981,624 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.
Insider Activity at Airbnb
In other Airbnb news, Director Joseph Gebbia sold 294,903 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $148.43, for a total value of $43,772,452.29. Following the completion of the transaction, the director owned 2,622,452 shares of the company’s stock, valued at $389,250,550.36. This represents a 10.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian Chesky sold 265,746 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $132.22, for a total value of $35,136,936.12. Following the completion of the sale, the chief executive officer owned 11,206,389 shares of the company’s stock, valued at $1,481,708,753.58. This represents a 2.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,448,729 shares of company stock worth $340,387,098 over the last three months. Company insiders own 27.21% of the company’s stock.
Airbnb Stock Performance
Airbnb (NASDAQ:ABNB – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the company posted $0.24 EPS. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. Equities research analysts forecast that Airbnb, Inc. will post 4.93 EPS for the current year.
Key Stories Impacting Airbnb
Here are the key news stories impacting Airbnb this week:
- Positive Sentiment: Airbnb’s upcoming earnings report is expected to show continued earnings growth, with analysts looking for a potential beat based on improving revenue trends and expectations. The company’s previous quarter delivered revenue above estimates and 17.9% year-over-year growth, although EPS fell short. Airbnb Earnings Expected to Grow
- Positive Sentiment: Recent commentary points to continued long-term growth potential from Airbnb’s global marketplace, expanded travel offerings and the possibility of another major growth cycle. The stock’s position above key moving averages also indicates sustained momentum. Airbnb Momentum Opens a Bigger Debate
- Neutral Sentiment: UBS raised its price target for ABNB to $163 from $157 while maintaining a Neutral rating. The higher target acknowledges some upside, but the unchanged rating signals that the firm still sees balanced risk and reward at current valuation levels. UBS Raises Airbnb Price Target
- Negative Sentiment: Morgan Stanley maintained its Sell/Underweight view, raising its price target only modestly to $125 from $120. The target remains well below recent trading levels, highlighting concerns that Airbnb’s premium valuation may not be supported by near-term growth. Morgan Stanley Maintains Sell Rating
- Negative Sentiment: Director Joseph Gebbia sold approximately 2.1 million shares for about $315.9 million across July 27 and 28, liquidating his indirect Class A holdings. The unusually large sale, following additional recent insider transactions, could weigh on investor sentiment even though it does not necessarily indicate deteriorating fundamentals. Joseph Gebbia Sells Airbnb Shares
- Negative Sentiment: Airbnb trades at a richer valuation than Booking Holdings, while regulatory risks affecting short-term rentals remain an overhang. Investors may therefore demand stronger earnings and guidance to justify the premium multiple. Airbnb Versus Booking
Analyst Ratings Changes
Several brokerages have recently issued reports on ABNB. Citigroup reaffirmed a “market outperform” rating on shares of Airbnb in a research report on Tuesday, July 28th. HC Wainwright raised Airbnb to a “buy” rating in a research report on Monday, May 4th. HSBC downgraded Airbnb from a “hold” rating to a “hold” rating in a research note on Monday, May 4th. Morgan Stanley raised their target price on Airbnb from $120.00 to $125.00 and gave the company an “underweight” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $170.00 price target on shares of Airbnb in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $160.65.
Read Our Latest Research Report on Airbnb
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.
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