Saudi Central Bank Buys 13,765 Shares of Airbnb, Inc. $ABNB

Saudi Central Bank grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 86.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,650 shares of the company’s stock after acquiring an additional 13,765 shares during the quarter. Saudi Central Bank’s holdings in Airbnb were worth $4,243,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI boosted its position in Airbnb by 1.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock valued at $727,000 after purchasing an additional 76 shares in the last quarter. BOKF NA raised its holdings in Airbnb by 11.0% in the fourth quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after purchasing an additional 78 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Airbnb by 1.0% during the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock valued at $1,007,000 after buying an additional 86 shares during the last quarter. Norman Fields Gottscho Capital Management LLC lifted its position in shares of Airbnb by 3.0% during the second quarter. Norman Fields Gottscho Capital Management LLC now owns 3,085 shares of the company’s stock valued at $441,000 after buying an additional 90 shares during the last quarter. Finally, Root Financial Partners LLC boosted its holdings in shares of Airbnb by 38.1% in the 4th quarter. Root Financial Partners LLC now owns 359 shares of the company’s stock valued at $49,000 after buying an additional 99 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia Jr. sold 294,903 shares of the firm’s stock in a transaction 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 owned 2,622,452 shares in the company, valued at $389,250,550.36. This trade represents a 10.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian Chesky sold 200,000 shares of Airbnb stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $174.79, for a total value of $34,958,000.00. Following the sale, the chief executive officer directly owned 10,501,685 shares of the company’s stock, valued at approximately $1,835,589,521.15. This represents a 1.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,292,884 shares of company stock valued at $375,558,036 in the last ninety days. Company insiders own 27.21% of the company’s stock.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy recommendation and a $220 price target, adding a bullish view to Airbnb’s analyst coverage and implying potential upside. Rosenblatt initiates coverage of Airbnb
• Positive Sentiment: ABNB recently moved above its 20-day moving average, a short-term technical signal that may attract momentum-oriented investors. Airbnb overtakes 20-day moving average
• Positive Sentiment: Airbnb named Pepijn Rijvers chief business officer. His previous experience at Tripadvisor and Booking.com could support the company’s expansion into hotels and broader travel offerings. Airbnb names Pepijn Rijvers chief business officer
• Neutral Sentiment: Bank of America Securities maintained its Hold rating, indicating limited change to its existing view. Separately, Tesla-related discussion of robotaxi fleets being “Airbnb meets Uber” is not a direct change to Airbnb’s fundamentals. Bank of America maintains Hold rating
• Negative Sentiment: Proposed European Union rules could restrict short-term rental homes, potentially reducing available listings or limiting Airbnb’s activity in an important market. The draft proposal represents a material regulatory risk to supply, bookings and growth. Proposed EU rules affecting short-term rentals
• Negative Sentiment: Insider selling may weigh on sentiment. Chief Accounting Officer David Bernstein sold 5,224 shares for approximately $953,000, while a separate filing reported an additional roughly $2.55 million insider sale. The transactions may reflect personal financial planning, but they reduce insider ownership and can concern investors. Airbnb insider stock sale

Airbnb Stock Performance

ABNB opened at $181.94 on Monday. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $193.45. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The company has a market cap of $108.94 billion, a P/E ratio of 41.35, a price-to-earnings-growth ratio of 2.11 and a beta of 1.16. The firm’s 50-day moving average price is $163.03 and its 200-day moving average price is $144.12.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.26 by $0.11. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. Airbnb’s revenue was up 16.3% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. As a group, equities analysts anticipate that Airbnb, Inc. will post 5.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of analyst reports. Citizens Jmp lifted their price objective on shares of Airbnb from $170.00 to $190.00 and gave the stock a “market outperform” rating in a research report on Friday, August 7th. Jefferies Financial Group increased their target price on shares of Airbnb from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Airbnb in a research note on Monday, August 31st. Sanford C. Bernstein lifted their price target on shares of Airbnb from $168.00 to $217.00 and gave the stock an “outperform” rating in a report on Monday, August 24th. Finally, Morgan Stanley upped their price target on Airbnb from $120.00 to $125.00 and gave the stock an “underweight” rating in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Airbnb presently has an average rating of “Moderate Buy” and a consensus price target of $177.07.

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.