ICICI Prudential Asset Management Co Ltd Boosts Holdings in Airbnb, Inc. $ABNB

ICICI Prudential Asset Management Co Ltd grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 48.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 46,818 shares of the company’s stock after purchasing an additional 15,236 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in Airbnb were worth $6,354,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Airbnb by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company’s stock worth $4,649,814,000 after purchasing an additional 649,323 shares in the last quarter. Harris Associates L P increased its stake in Airbnb by 43.2% during the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after purchasing an additional 4,292,383 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Airbnb by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock worth $1,368,338,000 after buying an additional 47,966 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Airbnb by 3.7% during the fourth quarter. Clearbridge Investments LLC now owns 6,073,947 shares of the company’s stock valued at $824,356,000 after buying an additional 216,455 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Airbnb by 58.6% in the 3rd quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock valued at $518,456,000 after acquiring an additional 1,577,338 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ABNB has been the subject of a number of research reports. TD Cowen lifted their target price on Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 13th. HC Wainwright raised shares of Airbnb to a “buy” rating in a report on Monday, May 4th. Mizuho increased their price target on Airbnb from $156.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. Barclays lifted their price objective on Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Finally, Truist Financial upgraded Airbnb from a “sell” rating to a “hold” rating and upped their target price for the stock from $107.00 to $129.00 in a research note on Thursday, March 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.76.

Trending Headlines about Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb shares have been moving higher, with recent trading showing the stock recovering after a period of weakness and attracting renewed investor interest. Article Title
• Positive Sentiment: Analysts remain generally constructive on ABNB, with multiple firms maintaining buy or outperform ratings and the average price target still above the current trading range. Article Title
• Neutral Sentiment: Several articles framed Airbnb as a “trending” or “value” stock, but these pieces were more about investor screening than a clear new catalyst for the shares. Article Title
• Neutral Sentiment: At Airbnb’s annual meeting, shareholders re-elected the board, auditor, and approved executive pay, suggesting governance continuity rather than a major strategic shift. Article Title
• Negative Sentiment: CEO Brian Chesky disclosed another round of stock sales, and repeated insider selling can create a cautious tone for investors even if the transactions are relatively small versus his overall stake. Article Title
• Negative Sentiment: Rising regulatory scrutiny of short-term rentals, including new rules in Cape Town, highlights a broader risk that could pressure Airbnb’s operating model in some markets. Article Title

Insider Activity

In other Airbnb news, 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 transaction of $35,894,250.00. Following the transaction, the director directly owned 3,182,355 shares of the company’s stock, valued at $431,049,984.75. This trade represents a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 265,746 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the sale, the chief executive officer directly owned 11,206,389 shares of the company’s stock, valued at $1,481,708,753.58. This represents a 2.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,677,117 shares of company stock worth $226,595,468 in the last quarter. Corporate insiders own 27.21% of the company’s stock.

Airbnb Trading Up 1.4%

Shares of Airbnb stock opened at $130.87 on Friday. The firm has a 50-day simple moving average of $134.76 and a two-hundred day simple moving average of $131.24. 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, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25. The company has a market cap of $78.88 billion, a P/E ratio of 32.23, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. Airbnb’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, equities analysts predict 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.