Syntax Research Inc. Cuts Stake in Airbnb, Inc. $ABNB

Syntax Research Inc. reduced its position in Airbnb, Inc. (NASDAQ:ABNB) by 97.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 490 shares of the company’s stock after selling 16,509 shares during the quarter. Syntax Research Inc.’s holdings in Airbnb were worth $70,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Harris Associates L P grew its holdings in Airbnb by 43.2% during the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after acquiring an additional 4,292,383 shares in the last quarter. Norges Bank bought a new stake in shares of Airbnb in the 4th quarter valued at about $480,332,000. Jennison Associates LLC lifted its position in shares of Airbnb by 9,331.0% in the 1st quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock worth $400,681,000 after purchasing an additional 3,139,315 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Airbnb by 453.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock worth $403,782,000 after purchasing an additional 2,724,682 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of Airbnb by 80.6% during the second quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company’s stock valued at $827,929,000 after purchasing an additional 2,581,539 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Trading Up 1.1%

NASDAQ ABNB opened at $185.25 on Friday. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $193.45. The company has a 50 day moving average price of $162.30 and a 200 day moving average price of $143.70. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The firm has a market cap of $110.93 billion, a PE ratio of 42.10, a price-to-earnings-growth ratio of 2.12 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.11. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same period last year, the firm earned $1.03 earnings per share. Airbnb’s revenue was up 16.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Airbnb, Inc. will post 5.23 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 5,224 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $182.49, for a total value of $953,327.76. Following the completion of the sale, the chief accounting officer directly owned 48,513 shares in the company, valued at approximately $8,853,137.37. This trade represents a 9.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 13,615 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $187.27, for a total value of $2,549,681.05. Following the completion of the sale, the insider owned 20,567 shares of the company’s stock, valued at approximately $3,851,582.09. This trade represents a 39.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,330,588 shares of company stock valued at $380,660,896 in the last quarter. 27.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ABNB. Jefferies Financial Group lifted their price objective on shares of Airbnb from $160.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. B. Riley Financial restated a “buy” rating on shares of Airbnb in a report on Friday, August 7th. Evercore set a $200.00 target price on Airbnb in a research report on Monday, August 24th. The Goldman Sachs Group set a $170.00 price target on Airbnb in a report on Tuesday, July 28th. Finally, Rosenblatt Securities started coverage on Airbnb in a research report on Tuesday. They issued a “buy” rating and a $220.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Airbnb presently has an average rating of “Moderate Buy” and an average price target of $177.07.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a “Buy”/“Strong Buy” recommendation and a $220 price target. The target suggests meaningful upside from recent trading levels and adds to a generally favorable analyst outlook for Airbnb. Rosenblatt initiates coverage of Airbnb
• Positive Sentiment: ABNB moved above its 20-day moving average, a technical signal that suggests improving short-term momentum and may attract additional buying from trend-focused investors. Airbnb overtakes 20-day moving average
• Positive Sentiment: Airbnb appointed Pepijn Rijvers as chief business officer. Rijvers’ prior leadership experience at Tripadvisor and Booking.com could support Airbnb’s expansion of hotels and other travel offerings, reinforcing its broader growth strategy. Airbnb names Pepijn Rijvers chief business officer
• Neutral Sentiment: Investor commentary continues to compare Airbnb favorably with other consumer-growth companies, citing its global listing network and high net margin. The discussion is supportive but does not represent a specific estimate or change to Airbnb’s fundamentals. Airbnb versus Spotify comparison
• Negative Sentiment: Insiders continued to sell shares. Chief Accounting Officer David Bernstein sold 5,224 shares for approximately $953,000, while co-founder Nathan Blecharczyk recently sold an additional 13,615 shares for about $2.55 million and has substantially reduced his position through multiple transactions. Such sales can weigh on sentiment, although they may reflect personal financial planning rather than concerns about Airbnb’s business. Airbnb insider selling

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.