7,053 Airbnb, Inc. $ABNB Shares Purchased by China Universal Asset Management Co. Ltd.

Key Points

• China Universal Asset Management increased its Airbnb stake by 37% in the third quarter, purchasing 7,053 shares and bringing its holdings to 26,137 shares valued at approximately $4.1 million. Institutional investors collectively own 80.76% of Airbnb.
• Airbnb recently reported stronger-than-expected quarterly results, with EPS of $1.37 versus a $1.26 consensus estimate and revenue of $3.61 billion, up 16.3% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $182.43.
• Potential risks include substantial insider selling—including co-founder Nathan Blecharczyk’s $2.33 million sale—and opposition from hosts to a new cleaning-policy change, while the company is also committing $500 million over five years to expand its nonprofit housing program.

China Universal Asset Management Co. Ltd. raised its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 37.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,137 shares of the company's stock after purchasing an additional 7,053 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Airbnb were worth $4,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ABNB. Jennison Associates LLC boosted its holdings in shares of Airbnb by 9,331.0% in the 1st quarter. Jennison Associates LLC now owns 3,172,959 shares of the company's stock worth $400,681,000 after purchasing an additional 3,139,315 shares in the last quarter. Wellington Management Group LLP grew its holdings in Airbnb by 80.6% in the 2nd quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company's stock worth $827,929,000 after acquiring an additional 2,581,539 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Airbnb in the second quarter worth about $330,085,000. Assenagon Asset Management S.A. increased its stake in shares of Airbnb by 114.6% during the third quarter. Assenagon Asset Management S.A. now owns 3,401,521 shares of the company's stock valued at $546,454,000 after buying an additional 1,816,522 shares during the period. Finally, MKA Charitable Fund bought a new position in Airbnb in the 2nd quarter worth $232,515,606. 80.76% of the stock is owned by hedge funds and other institutional investors.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb is committing $500 million over five years to expand its nonprofit housing program, targeting as many as one million free nights annually for people facing crises. The initiative could strengthen the brand and demonstrate broader social impact, although it also represents a significant investment. Airbnb’s next big bet: 1 million free nights a year for people in crisis
• Positive Sentiment: Airbnb continues to benefit from an asset-light marketplace model, operations spanning more than 220 countries and regions, double-digit revenue growth, and strong profitability. Analysts maintain a generally favorable outlook, with a “Moderate Buy” consensus and an average price target of $182.43. Nine Million Listings Versus A Cash Fortress
• Neutral Sentiment: Airbnb is expected to report quarterly results next week. Earnings are projected to grow, but the latest preview says the company lacks the combination of favorable earnings estimates and other indicators typically associated with a likely earnings beat. Investors may therefore focus closely on bookings, revenue guidance, and management’s outlook. Airbnb Earnings Expected to Grow
• Neutral Sentiment: Articles comparing Airbnb with GameStop and other consumer stocks highlight its global scale, high margins, and capital-light structure, but provide limited new company-specific information. Airbnb nonprofit housing initiative
• Negative Sentiment: Co-founder Nathan Blecharczyk sold 13,615 shares for approximately $2.33 million, reducing his direct ownership by 39.83%. The sale may weigh on sentiment, although insider transactions do not necessarily indicate deteriorating business fundamentals. SEC insider transaction filing
• Negative Sentiment: A new policy bars hosts from requiring guests to perform cleaning tasks normally handled by professional cleaners. More than 10,000 hosts reportedly oppose the change, and some have threatened booking blackouts or higher cleaning fees, creating risks for listing availability, pricing, and bookings. Airbnb guests no longer have to wash dishes or strip beds

Airbnb Stock Performance

NASDAQ ABNB opened at $166.45 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.41. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $193.45. The business has a 50 day simple moving average of $170.80 and a two-hundred day simple moving average of $146.54. The stock has a market capitalization of $99.67 billion, a PE ratio of 37.83, a P/E/G ratio of 1.90 and a beta of 1.24.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.11. The business had revenue of $3.61 billion for the quarter, compared to analysts' expectations of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%. The company's revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. On average, research analysts predict that Airbnb, Inc. will post 5.29 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In related news, insider Nathan Blecharczyk sold 13,615 shares of the company's stock in a transaction on Monday, October 26th. The shares were sold at an average price of $170.81, for a total transaction of $2,325,578.15. Following the sale, the insider owned 20,567 shares of the company's stock, valued at $3,513,049.27. This represents a 39.83% 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, CAO David Bernstein sold 1,369 shares of the stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $168.01, for a total transaction of $230,005.69. Following the transaction, the chief accounting officer owned 45,655 shares of the company's stock, valued at $7,670,496.55. This trade represents a 2.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,299,330 shares of company stock worth $233,111,996 in the last 90 days. 27.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. HSBC lifted their price target on Airbnb from $162.00 to $177.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Rothschild & Co Redburn boosted their price target on Airbnb from $115.00 to $135.00 and gave the stock a "sell" rating in a report on Monday, August 10th. BMO Capital Markets upped their price target on Airbnb from $146.00 to $165.00 and gave the stock a "market perform" rating in a research note on Monday, August 10th. Royal Bank Of Canada began coverage on shares of Airbnb in a report on Friday, October 2nd. They set an "outperform" rating for the company. Finally, Benchmark increased their price objective on shares of Airbnb from $160.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $182.43.

About Airbnb

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and service providers. Its platform enables users to search for, book and review a broad range of stays, including private rooms, entire homes, apartments and other distinctive properties.

In addition to lodging, Airbnb offers experiences and activities hosted by local individuals and businesses. The company also provides tools and services that help hosts create listings, manage bookings, communicate with guests and receive payments.

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