ING Groep NV Sells 381,629 Shares of Airbnb, Inc. $ABNB

ING Groep NV lessened its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 78.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 105,032 shares of the company’s stock after selling 381,629 shares during the period. ING Groep NV’s holdings in Airbnb were worth $14,255,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Valtrion Capital Management LLC bought a new stake in shares of Airbnb during the 4th quarter worth approximately $333,000. Havemeyer Place LP bought a new position in Airbnb in the 4th quarter valued at approximately $264,000. Closed End Fund Advisors Inc. bought a new position in Airbnb in the 4th quarter valued at approximately $407,000. OneAscent Financial Services LLC lifted its stake in Airbnb by 28.9% in the 4th quarter. OneAscent Financial Services LLC now owns 3,899 shares of the company’s stock valued at $529,000 after purchasing an additional 874 shares during the last quarter. Finally, OneAscent Investment Solutions LLC lifted its stake in Airbnb by 8.0% in the 4th quarter. OneAscent Investment Solutions LLC now owns 3,358 shares of the company’s stock valued at $456,000 after purchasing an additional 249 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Activity

In other news, CEO Brian Chesky sold 265,746 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the completion of the transaction, the chief executive officer owned 11,206,389 shares of the company’s stock, valued at approximately $1,481,708,753.58. This trade represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 60,136 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $145.70, for a total transaction of $8,761,815.20. Following the transaction, the insider directly owned 11,920 shares of the company’s stock, valued at $1,736,744. The trade was a 83.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,554,370 shares of company stock valued at $209,932,678. Insiders own 27.21% of the company’s stock.

Airbnb Price Performance

ABNB stock opened at $133.54 on Monday. The company has a fifty day moving average price of $134.32 and a 200-day moving average price of $130.75. The company has a market capitalization of $80.49 billion, a P/E ratio of 32.89, a PEG ratio of 1.43 and a beta of 1.16. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $147.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last released 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 business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. Airbnb’s revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. As a group, equities analysts expect that Airbnb, Inc. will post 4.91 EPS for the current year.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Jefferies said Airbnb’s expansion into hotels, experiences, and higher take rates could add about $1.8 billion in revenue by 2030, and reiterated a Buy rating, reinforcing the bullish case for multi-year growth. Airbnb hotels and experiences push could add $1.8B to 2030 revenue, Jefferies estimates
• Positive Sentiment: Broker sentiment remains broadly supportive, with Airbnb carrying a consensus “Moderate Buy” rating and several firms raising price targets, suggesting Wall Street still sees upside from current levels. Airbnb stock report and analyst ratings
• Neutral Sentiment: Market commentary is questioning whether Airbnb’s valuation already reflects most of the upside after a flat share-price performance and recent regulatory headlines, which may keep investors cautious near term. Is It Time To Reconsider Airbnb (ABNB) After Flat Returns And Regulatory Headlines?
• Neutral Sentiment: CEO Brian Chesky’s reported move to build a separate AI venture is strategically interesting, but it is not directly tied to Airbnb’s core travel business and has an uncertain near-term financial impact. Airbnb CEO Brian Chesky Plans to Start a New AI Company
• Negative Sentiment: Insider selling is the clearest near-term negative: Director Joseph Gebbia sold 265,000 shares and CFO Elinor Mertz sold 7,433 shares, while Brian Chesky also sold shares, which can raise concerns about management’s confidence in short-term upside. SEC filing for Joseph Gebbia sale SEC filing for Elinor Mertz sale SEC filing for Brian Chesky sales

Analysts Set New Price Targets

Several brokerages recently commented on ABNB. Tigress Financial dropped their price objective on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Raymond James Financial raised shares of Airbnb from a “market perform” rating to a “strong-buy” rating in a research note on Monday, May 4th. Mizuho increased their price objective on shares of Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. DA Davidson increased their price objective on shares of Airbnb from $150.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Morgan Stanley downgraded shares of Airbnb from an “underweight” rating to an “underweight” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $157.76.

Airbnb Company 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.