Proficio Capital Partners LLC Boosts Position in Airbnb, Inc. $ABNB

Proficio Capital Partners LLC raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 33.6% during the second quarter, Holdings Channel reports. The fund owned 19,268 shares of the company’s stock after acquiring an additional 4,849 shares during the period. Proficio Capital Partners LLC’s holdings in Airbnb were worth $2,757,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Harris Associates L P grew its stake in shares of Airbnb by 21.0% during the 4th quarter. Harris Associates L P now owns 18,694,408 shares of the company’s stock valued at $2,537,205,000 after purchasing an additional 3,240,477 shares during the period. Geode Capital Management LLC increased its position in shares of Airbnb by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock valued at $1,368,338,000 after purchasing an additional 47,966 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Airbnb by 58.4% in the 4th quarter. AQR Capital Management LLC now owns 6,762,784 shares of the company’s stock worth $917,845,000 after purchasing an additional 2,492,847 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Airbnb by 3.7% in the 4th quarter. Clearbridge Investments LLC now owns 6,073,947 shares of the company’s stock worth $824,356,000 after purchasing an additional 216,455 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Airbnb by 80.6% in the second quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company’s stock worth $827,929,000 after buying an additional 2,581,539 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 3.3%

ABNB opened at $183.22 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $193.45. The firm’s fifty day moving average is $159.78 and its 200 day moving average is $142.33. The stock has a market cap of $109.71 billion, a price-to-earnings ratio of 41.64, a price-to-earnings-growth ratio of 2.19 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.Airbnb’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 EPS. On average, sell-side analysts forecast that Airbnb, Inc. will post 5.23 earnings per share for the current fiscal year.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: D.A. Davidson raised its price target on Airbnb to $220 from $175 and reiterated a Buy rating, citing rapid growth in Experiences listings and the company’s partnership with Viator. Experiences listings in tracked cities reportedly increased 30% over three months, strengthening the case for Airbnb’s expansion beyond home rentals. Airbnb Stock Slips as DA Davidson Lifts Target to $220
• Positive Sentiment: Wall Street analysts are making bullish arguments that artificial intelligence, Experiences, and other new growth businesses could reduce the perceived overhang on Airbnb’s core lodging marketplace and support additional long-term growth. ABNB Stock Ticks Higher Overnight: Analyst Sees Overhang Lifting
• Positive Sentiment: Airbnb was among the consumer stocks that posted double-digit gains in August, supported by solid earnings, travel demand, and investor interest in the company’s growth initiatives. 5 Consumer Stocks Bucked August Gloom With Double-Digit Gains
• Neutral Sentiment: Airbnb’s stock has gained roughly 21% to 25% over the past month and about 41% over three months, drawing investor attention but also creating uncertainty over whether to take profits or continue buying after the sharp rerating. Airbnb Just Rallied 21% in a Month: Take Profits, or Buy More?
• Negative Sentiment: Airbnb is reportedly offering select U.S. hosts lower fees to attract more guests. While the move could stimulate demand and bookings, it may also reduce take rates or marketplace revenue per reservation if expanded more broadly. Airbnb Offers Select U.S. Hosts Lower Fees
• Negative Sentiment: An Airbnb insider sold approximately $3.75 million of company stock. The transaction may add modest sentiment pressure, particularly after the recent rally. Airbnb Insider Sells $3.75 Million in Stock

Insider Transactions at Airbnb

In related news, CEO Brian Chesky sold 200,000 shares of Airbnb stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $174.79, for a total transaction of $34,958,000.00. Following the sale, the chief executive officer owned 10,501,685 shares of the company’s stock, valued at approximately $1,835,589,521.15. This trade represents a 1.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Gebbia sold 294,903 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $148.43, for a total value of $43,772,452.29. Following the completion of the transaction, the director directly owned 2,622,452 shares in the company, valued at approximately $389,250,550.36. This represents a 10.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,335,437 shares of company stock valued at $377,247,531 over the last 90 days. Company insiders own 27.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ABNB. HC Wainwright upgraded shares of Airbnb to a “buy” rating in a research report on Monday, May 4th. Barclays increased their price target on shares of Airbnb from $122.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Wells Fargo & Company lifted their price target on shares of Airbnb from $181.00 to $186.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Rodman & Renshaw started coverage on shares of Airbnb in a research report on Monday, May 4th. They set a “buy” rating for the company. Finally, Jefferies Financial Group upped their price objective on Airbnb from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $175.59.

Airbnb Company 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.