Pictet Asset Management Holding SA Acquires 5,409 Shares of Airbnb, Inc. $ABNB

Pictet Asset Management Holding SA boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,935 shares of the company’s stock after purchasing an additional 5,409 shares during the period. Pictet Asset Management Holding SA’s holdings in Airbnb were worth $30,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. United Advisor Group LLC bought a new position in shares of Airbnb in the third quarter valued at about $271,000. Alps Advisors Inc. lifted its position in Airbnb by 1.4% during the 3rd quarter. Alps Advisors Inc. now owns 14,439 shares of the company’s stock worth $2,320,000 after buying an additional 202 shares in the last quarter. CenterBook Partners LP bought a new stake in Airbnb during the 3rd quarter worth about $9,875,000. Allegiance Financial Group Advisory Services LLC grew its holdings in Airbnb by 11.0% during the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 6,084 shares of the company’s stock worth $977,000 after acquiring an additional 604 shares during the last quarter. Finally, Alta Advisers Ltd grew its holdings in Airbnb by 70.7% during the 3rd quarter. Alta Advisers Ltd now owns 2,977 shares of the company’s stock worth $478,000 after acquiring an additional 1,233 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Performance

Airbnb stock opened at $186.90 on Wednesday. The company has a market cap of $111.91 billion, a PE ratio of 34.93, a PEG ratio of 2.03 and a beta of 1.26. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $197.87. The company’s 50-day moving average is $169.16 and its two-hundred day moving average is $148.26.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 5th. The company reported $3.16 EPS for the quarter, topping the consensus estimate of $2.85 by $0.31. The company had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $4.75 billion. Airbnb had a net margin of 23.02% and a return on equity of 38.94%. Airbnb’s revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.21 EPS. Equities analysts anticipate that Airbnb, Inc. will post 5.47 earnings per share for the current year.

Insider Transactions at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 202,652 shares of Airbnb stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $190.28, for a total transaction of $38,560,622.56. Following the completion of the sale, the insider owned 179,567 shares of the company’s stock, valued at approximately $34,168,008.76. The trade was a 53.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 638,891 shares of company stock valued at $120,204,649 over the last quarter. 27.21% of the stock is currently owned by company insiders.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb reported third-quarter earnings and revenue above analyst expectations, with revenue up 18.9% year over year, and authorized a $12 billion share repurchase program. The results and buyback helped lift shares previously. Why Airbnb stock is up today
• Positive Sentiment: CEO Brian Chesky said AI-assistant improvements reduced customer-support cost per booking by 17% year over year, pointing to potential efficiency gains and margin support. Airbnb reduces customer support cost per booking
• Positive Sentiment: Rothschild Redburn upgraded Airbnb from “sell” to “neutral” and raised its price target from $135 to $190, acknowledging its prior cautious view had been wrong over the past year. Redburn revises its Airbnb stance
• Neutral Sentiment: Airbnb and other platforms report very little use of third-party AI agents to book travel or handle errands so far. That suggests limited near-term disruption, but also indicates AI-agent bookings are not yet a meaningful growth driver. AI agents see little use on travel platforms
• Negative Sentiment: Travel stocks, including Airbnb, came under pressure after reports that OpenAI acquired AI travel-planning platform Odessia. Investors may worry that AI companies could become stronger competitors in travel discovery and bookings. Travel stocks fall on OpenAI acquisition report

Analyst Ratings Changes

A number of equities analysts have weighed in on ABNB shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Airbnb in a research note on Tuesday, November 3rd. BNP Paribas Exane increased their price target on shares of Airbnb from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Royal Bank Of Canada increased their price target on shares of Airbnb from $195.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, November 6th. B. Riley Financial restated a “buy” rating and issued a $230.00 price objective (up from $210.00) on shares of Airbnb in a research report on Friday, November 6th. Finally, Phillip Securities downgraded Airbnb from a “hold” rating to a “moderate sell” rating in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Airbnb has a consensus rating of “Moderate Buy” and an average target price of $195.46.

Airbnb Company Profile

Airbnb operates an online marketplace that connects travelers with hosts offering short-term stays and other travel-related services. Listings include apartments, houses, rooms and distinctive accommodations, with options ranging from brief visits to longer stays. The platform also offers bookable experiences in destinations around the world. Founded in 2007 in San Francisco, Airbnb was started by Brian Chesky, Nathan Blecharczyk and Joe Gebbia. The company serves guests and hosts in more than 220 countries and regions, providing tools for listing properties, managing reservations and handling payments.