Illinois Municipal Retirement Fund increased its position in Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 8.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,448 shares of the company’s stock after acquiring an additional 5,417 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Airbnb were worth $9,275,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Caxton Associates LLP purchased a new stake in Airbnb in the 1st quarter worth approximately $258,000. Intech Investment Management LLC grew its position in shares of Airbnb by 55.8% during the 1st quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after purchasing an additional 4,353 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Airbnb by 18.8% in the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after purchasing an additional 927 shares during the period. WINTON GROUP Ltd bought a new position in shares of Airbnb in the second quarter worth $411,000. Finally, NewEdge Advisors LLC raised its position in shares of Airbnb by 9.8% in the second quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock worth $7,153,000 after buying an additional 4,811 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.
Analysts Set New Price Targets
ABNB has been the subject of several recent analyst reports. Citigroup restated an “outperform” rating on shares of Airbnb in a research report on Friday, May 8th. Oppenheimer raised Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a report on Monday, May 4th. Needham & Company LLC started coverage on Airbnb in a report on Monday, May 4th. They set a “buy” rating for the company. Jefferies Financial Group upped their price objective on shares of Airbnb from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Moderate Buy” and an average target price of $159.84.
More Airbnb News
Here are the key news stories impacting Airbnb this week:
- Positive Sentiment: Wedbush initiated coverage on Airbnb with a Neutral rating and a $152 price target, implying modest upside from current levels and helping reinforce investor confidence. Read More
- Positive Sentiment: Jefferies reiterated its Buy rating on Airbnb, adding to the recent stream of bullish analyst commentary around the company. Article link
- Positive Sentiment: Baird previously lifted its price target on Airbnb to $160 from $150 while keeping an Outperform rating, suggesting Wall Street sees room for further gains. Article link
- Neutral Sentiment: Airbnb is attracting elevated investor attention online, but the search activity itself does not provide a clear fundamental catalyst. Article link
- Neutral Sentiment: Airbnb co-founder Joseph Gebbia sold about $39 million of stock through a pre-arranged 10b5-1 plan; the transaction reduced his stake, but the sale was planned in advance and does not necessarily signal negative business fundamentals. Article link
- Negative Sentiment: News that Airbnb CEO Brian Chesky’s X account was hijacked in an AI-driven crypto scam could raise investor concerns about cybersecurity and brand risk, even though the incident appears to involve his personal account rather than the core platform. Article link
Insider Transactions at Airbnb
In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $148.01, for a total value of $555,037.50. Following the completion of the sale, the chief financial officer owned 445,290 shares of the company’s stock, valued at $65,907,372.90. This represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth I. Chenault sold 8,346 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $150.00, for a total transaction of $1,251,900.00. Following the transaction, the director owned 40,879 shares in the company, valued at $6,131,850. The trade was a 16.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 2,325,429 shares of company stock worth $321,925,435. 27.21% of the stock is owned by corporate insiders.
Airbnb Stock Down 0.4%
ABNB opened at $147.80 on Friday. The business’s fifty day simple moving average is $139.04 and its 200 day simple moving average is $134.33. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $150.88. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock has a market cap of $89.08 billion, a PE ratio of 36.40, a P/E/G ratio of 1.59 and a beta of 1.14.
Airbnb (NASDAQ:ABNB – Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period last year, the firm earned $0.24 EPS. As a group, research analysts expect that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.
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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