Airbnb, Inc. $ABNB Stock Position Trimmed by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 310,500 shares of the company’s stock after selling 16,000 shares during the quarter. Airbnb makes up 3.4% of Quinn Opportunity Partners LLC’s investment portfolio, making the stock its 3rd largest holding. Quinn Opportunity Partners LLC’s holdings in Airbnb were worth $41,092,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ABNB. Kentucky Trust Co purchased a new stake in Airbnb during the second quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. grew its position 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 valued at $26,000 after acquiring an additional 83 shares during the period. Concord Wealth Partners purchased a new stake in shares of Airbnb during the 2nd quarter worth approximately $28,000. Whipplewood Advisors LLC raised its holdings in shares of Airbnb by 235.3% in the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after purchasing an additional 160 shares during the period. Finally, Armstrong Advisory Group Inc. raised its holdings in shares of Airbnb by 363.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Up 1.9%

NASDAQ:ABNB opened at $122.53 on Wednesday. The stock has a market cap of $76.15 billion, a P/E ratio of 29.10, a PEG ratio of 2.11 and a beta of 1.11. The business’s 50-day moving average price is $123.59 and its two-hundred day moving average price is $128.86. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) 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 the consensus estimate of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $2.13 EPS. Airbnb has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Phillip Securities raised Airbnb from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 8th. Truist Financial lowered their price objective on Airbnb from $106.00 to $104.00 and set a “sell” rating on the stock in a research note on Wednesday, September 3rd. Wells Fargo & Company increased their target price on shares of Airbnb from $110.00 to $111.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Citizens Jmp raised shares of Airbnb to a “hold” rating in a research report on Monday, August 11th. Finally, BNP Paribas upgraded shares of Airbnb to a “hold” rating in a research note on Wednesday, July 16th. 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, the stock has an average rating of “Hold” and an average target price of $143.31.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $125.47, for a total value of $75,282.00. Following the sale, the chief technology officer directly owned 196,006 shares in the company, valued at approximately $24,592,872.82. This trade represents a 0.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elinor Mertz sold 7,500 shares of the company’s 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 transaction, the chief financial officer owned 436,570 shares of the company’s stock, valued at approximately $56,754,100. This represents a 1.69% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,446,760 shares of company stock worth $179,726,429. 27.83% of the stock is currently owned by company insiders.

Airbnb 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.