L2 Asset Management LLC Raises Position in Airbnb, Inc. $ABNB

L2 Asset Management LLC increased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 52.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 34,977 shares of the company’s stock after acquiring an additional 12,099 shares during the quarter. L2 Asset Management LLC’s holdings in Airbnb were worth $4,747,000 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 business. Aster Capital Management DIFC Ltd purchased a new stake in Airbnb during the third quarter valued at about $25,000. ORG Partners LLC raised its position in Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in Airbnb by 143.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. Entrust Financial LLC purchased a new stake in Airbnb during the fourth quarter valued at about $27,000. Finally, Sunbelt Securities Inc. raised its position in Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 5.0%

Shares of NASDAQ:ABNB opened at $138.96 on Tuesday. The stock’s 50-day moving average price is $135.19 and its 200-day moving average price is $131.51. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $147.25. The stock has a market capitalization of $83.75 billion, a P/E ratio of 34.23, a price-to-earnings-growth ratio of 1.42 and a beta of 1.16. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share (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 31.24%. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the business posted $0.24 earnings per share. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, equities analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Insider Activity

In related news, insider Nathan Blecharczyk sold 60,136 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $145.70, for a total value of $8,761,815.20. Following the sale, the insider directly owned 11,920 shares of the company’s stock, valued at $1,736,744. This trade represents a 83.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Chesky sold 265,746 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $132.22, for a total value of $35,136,936.12. Following the completion of the sale, the chief executive officer directly owned 11,206,389 shares in the company, valued at $1,481,708,753.58. The trade was a 2.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,677,117 shares of company stock valued at $226,595,468. 27.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

ABNB has been the topic of a number of research reports. HSBC downgraded Airbnb from a “hold” rating to a “hold” rating in a research report on Monday, May 4th. Mizuho raised their price target on Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $170.00 price objective on shares of Airbnb in a research note on Friday, May 8th. Needham & Company LLC assumed coverage on Airbnb in a research note on Monday, May 4th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Moderate Buy” and an average price target of $157.96.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Shares rose after news of a new peace deal that could reopen the Strait of Hormuz, easing geopolitical risk and supporting travel-related stocks like Airbnb. Why Airbnb (ABNB) Stock Is Trading Up Today
• Positive Sentiment: Truist raised its price target on Airbnb to $134 from $129, signaling slightly improved expectations even though it kept a hold rating. Benzinga report on Truist price target increase
• Neutral Sentiment: Baron Capital highlighted Airbnb in a fund letter discussing the company’s resilience to AI-driven changes in travel and real estate, which is more of a long-term strategic view than an immediate stock-moving event. Is Airbnb (ABNB) Resilient to AI Transition?

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.