Ethic Inc. Buys 6,029 Shares of Airbnb, Inc. $ABNB

Ethic Inc. increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 14.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 46,854 shares of the company’s stock after acquiring an additional 6,029 shares during the period. Ethic Inc.’s holdings in Airbnb were worth $6,359,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Airbnb by 1.7% in the third quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company’s stock worth $4,649,814,000 after buying an additional 649,323 shares in the last quarter. Harris Associates L P raised its stake in Airbnb by 43.2% in the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after buying an additional 4,292,383 shares in the last quarter. AQR Capital Management LLC raised its stake in Airbnb by 58.6% in the third quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock worth $518,456,000 after buying an additional 1,577,338 shares in the last quarter. Independent Franchise Partners LLP purchased a new stake in Airbnb in the third quarter worth about $505,672,000. Finally, Akre Capital Management LLC grew its holdings in Airbnb by 19.0% in the second quarter. Akre Capital Management LLC now owns 3,473,243 shares of the company’s stock worth $459,649,000 after purchasing an additional 555,510 shares during the period. 80.76% of the stock is owned by institutional investors.

Trending Headlines about Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Citigroup, RBC, Citizens JMP, and Susquehanna all raised their price targets on Airbnb and maintained bullish or positive ratings, signaling Wall Street sees more upside after the latest earnings and guidance update. Analyst price target upgrades for Airbnb
• Positive Sentiment: Airbnb’s Q1 revenue came in above expectations and the company lifted its full-year sales outlook, reinforcing the view that travel demand remains healthy despite macro and geopolitical noise. Airbnb Raises Outlook, Citing Resilient Travel Demand
• Positive Sentiment: Management said AI is improving efficiency across the business, with Airbnb noting that AI now writes a large share of new code and may reshape job roles, which could support margins over time. Airbnb says AI now writes 60% of its new code
• Positive Sentiment: Several analysts reiterated buy or outperform views, and broker sentiment remains moderately bullish overall, which can help support the stock near current levels. Airbnb maintained at Buy by Citi
• Neutral Sentiment: Airbnb beat revenue estimates but missed earnings per share expectations, creating a mixed headline that limits enthusiasm even as top-line growth stays strong. Airbnb beats expectations for revenue and gross bookings value
• Neutral Sentiment: Comments about elevated cancellations in EMEA and Asia-Pacific due to the Middle East conflict add uncertainty, but they do not yet appear to be derailing demand overall. Airbnb tops revenue estimates, but Middle East cancellations rise due to Iran war
• Negative Sentiment: The company still missed profit estimates, which reminds investors that earnings leverage remains uneven despite solid revenue growth. Airbnb misses profit estimates despite revenue beat

Insider Activity

In other news, insider Nathan Blecharczyk sold 24,788 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $145.86, for a total transaction of $3,615,577.68. Following the sale, the insider owned 11,920 shares in the company, valued at $1,738,651.20. This represents a 67.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elinor Mertz sold 3,750 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $143.00, for a total transaction of $536,250.00. Following the sale, the chief financial officer owned 463,415 shares in the company, valued at approximately $66,268,345. The trade was a 0.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 457,075 shares of company stock worth $60,358,795 over the last 90 days. 27.21% of the stock is currently owned by insiders.

Airbnb Stock Performance

Shares of ABNB opened at $141.49 on Friday. The stock has a market cap of $86.13 billion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 1.72 and a beta of 1.20. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25. The firm’s 50-day simple moving average is $133.41 and its two-hundred day simple moving average is $129.30.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 30.71%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. Equities research analysts predict that Airbnb, Inc. will post 4.97 EPS for the current year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of recent research reports. Evercore restated an “outperform” rating on shares of Airbnb in a report on Friday. Citizens Jmp upped their price objective on shares of Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a report on Friday. Benchmark upped their price objective on shares of Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday. HSBC cut shares of Airbnb from a “hold” rating to a “hold” rating in a report on Monday, May 4th. Finally, Truist Financial upgraded shares of Airbnb from a “sell” rating to a “hold” rating and upped their price objective for the stock from $107.00 to $129.00 in a report on Thursday, March 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.04.

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.