Gabelli Funds LLC Invests $751,000 in Airbnb, Inc. $ABNB

Gabelli Funds LLC purchased a new position in Airbnb, Inc. (NASDAQ:ABNB) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,950 shares of the company’s stock, valued at approximately $751,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Transamerica Financial Advisors LLC raised its holdings in Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after acquiring an additional 112 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares during the last quarter. Entrust Financial LLC acquired a new position in shares of Airbnb during the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. grew its position in shares of Airbnb by 96.3% in the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its position in shares of Airbnb by 397.7% in 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. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Joseph Gebbia sold 265,000 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $145.70, for a total value of $38,610,500.00. Following the sale, the director directly owned 1,828,518 shares in the company, valued at approximately $266,415,072.60. This trade represents a 12.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $148.01, for a total value of $555,037.50. Following the completion of the transaction, the chief financial officer owned 445,290 shares of the company’s stock, valued at approximately $65,907,372.90. This trade represents a 0.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,510,479 shares of company stock worth $349,064,808 over the last ninety days. Insiders own 27.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ABNB. Tigress Financial reduced their price objective on Airbnb from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. JPMorgan Chase & Co. upped their price objective on Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, May 8th. The Goldman Sachs Group set a $170.00 price objective on Airbnb in a research report on Tuesday. Jefferies Financial Group boosted 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. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Airbnb in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $160.65.

Airbnb Trading Down 0.6%

Shares of ABNB stock opened at $152.08 on Friday. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $156.50. The company has a 50 day moving average price of $141.24 and a 200 day moving average price of $134.98. The stock has a market capitalization of $91.66 billion, a P/E ratio of 37.46, a price-to-earnings-growth ratio of 1.64 and a beta of 1.14. 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 (NASDAQ:ABNB) last released its earnings results 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 return on equity of 31.24% and a net margin of 19.90%.The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the company earned $0.24 earnings per share. Airbnb’s quarterly revenue was up 17.9% compared to the same quarter last year. Equities research analysts predict that Airbnb, Inc. will post 4.93 EPS for the current fiscal year.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: UBS raised its price target on Airbnb from $157 to $163 while maintaining a neutral rating, implying additional upside from recent levels. The higher target suggests the firm sees improving earnings or operating prospects, even though it does not recommend aggressively buying the stock. UBS raises Airbnb price target
• Positive Sentiment: Airbnb is expected to report quarterly results next week, and earnings previews from Zacks indicate the company has favorable conditions for a potential beat. Investors are looking for continued revenue growth and profitability after the latest quarter’s revenue increased 17.9% year over year. Airbnb earnings expectations
• Neutral Sentiment: Morgan Stanley raised its price target from $120 to $125 but retained an underweight rating. The target increase is modest and still places the stock well above the firm’s valuation estimate, underscoring disagreement on Airbnb’s growth outlook. Morgan Stanley raises Airbnb price target
• Negative Sentiment: Director Joseph Gebbia sold 265,000 shares for approximately $38.6 million, reducing his direct ownership by 12.66%. The sale follows additional large transactions and may weigh on sentiment ahead of earnings, although insider sales can also reflect planned diversification rather than weaker fundamentals. Joseph Gebbia insider sale
• Negative Sentiment: Airbnb trades at a premium valuation relative to Booking Holdings, while regulatory risks facing short-term rentals remain a concern. Morgan Stanley’s underweight stance reinforces worries that current expectations may already price in much of the company’s growth. Airbnb versus Booking

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.