Airbnb, Inc. $ABNB Stock Holdings Decreased by DRH Investments Inc.

DRH Investments Inc. trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 68.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,053 shares of the company’s stock after selling 62,219 shares during the period. Airbnb comprises approximately 3.6% of DRH Investments Inc.’s portfolio, making the stock its 10th largest holding. DRH Investments Inc.’s holdings in Airbnb were worth $3,943,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new position in Airbnb in the third quarter worth approximately $25,000. ORG Partners LLC grew its stake in Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares in the last quarter. Transamerica Financial Advisors LLC grew its stake in Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after purchasing an additional 112 shares in the last quarter. Entrust Financial LLC bought a new position in Airbnb in the fourth quarter worth approximately $27,000. Finally, Sunbelt Securities Inc. grew its stake in Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 7,433 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $136.24, for a total transaction of $1,012,671.92. Following the sale, the chief financial officer owned 449,040 shares of the company’s stock, valued at approximately $61,177,209.60. This trade represents a 1.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 265,000 shares of the stock in a transaction 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 sale, the director directly owned 3,182,355 shares in the company, valued at $431,049,984.75. This trade represents a 7.69% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,677,117 shares of company stock valued at $226,595,468. 27.21% of the stock is currently owned by corporate insiders.

Key Airbnb News

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

Airbnb Stock Up 1.1%

Shares of NASDAQ ABNB opened at $132.28 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $79.73 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 1.42 and a beta of 1.16. The stock’s fifty day simple moving average is $134.91 and its two-hundred day simple moving average is $131.25. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $147.25.

Airbnb (NASDAQ:ABNB) last announced its 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 company 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%. The firm’s revenue was up 17.9% compared to the same quarter last year. During the same period last year, the business posted $0.24 EPS. As a group, analysts expect that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ABNB has been the topic of several research analyst reports. B. Riley Financial reissued a “buy” rating on shares of Airbnb in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $170.00 price objective on shares of Airbnb in a research note on Friday, May 8th. Cantor Fitzgerald raised Airbnb from a “neutral” rating to an “overweight” rating in a research note on Monday, May 4th. Sanford C. Bernstein reissued an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. Finally, Raymond James Financial raised Airbnb from a “market perform” rating to a “strong-buy” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.76.

About Airbnb

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.