Airbnb, Inc. $ABNB Shares Bought by Assetmark Inc.

Key Points

• Assetmark Inc. increased its stake in Airbnb by 11.6% in Q4, buying an additional 15,641 shares to hold 150,877 shares valued at about $20.48 million, while institutional investors own roughly 80.76% of the stock.
• Insider selling was sizable: Director Joseph Gebbia sold 58,000 shares (~$7.32M) and CFO Elinor Mertz sold 3,750 shares (~$0.49M); insiders sold 363,510 shares totaling about $46.45M over the last quarter and now own 27.91% of the company.
• Airbnb shares opened at $137.51 (52‑week range $109.79–$143.88) with a market cap of $83.7B; analysts hold a consensus "Hold" rating and a $149.40 average price target, though individual targets and ratings are mixed.

Assetmark Inc. raised its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,877 shares of the company's stock after purchasing an additional 15,641 shares during the period. Assetmark Inc.'s holdings in Airbnb were worth $20,477,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ABNB. Aster Capital Management DIFC Ltd acquired a new stake in Airbnb in the third quarter valued at approximately $25,000. ORG Partners LLC lifted its position in shares of Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company's stock valued at $26,000 after acquiring an additional 96 shares in the last quarter. Sunbelt Securities Inc. lifted 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 acquiring an additional 175 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in shares of Airbnb in the third quarter valued at approximately $27,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Airbnb in the fourth quarter valued at approximately $29,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction on Monday, April 6th. The stock was sold at an average price of $126.16, for a total value of $7,317,280.00. Following the sale, the director owned 170,015 shares in the company, valued at $21,449,092.40. The trade was a 25.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $130.99, for a total value of $491,212.50. Following the completion of the sale, the chief financial officer owned 394,359 shares in the company, valued at $51,657,085.41. This represents a 0.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 363,510 shares of company stock worth $46,447,668 over the last quarter. 27.91% of the stock is currently owned by company insiders.

Airbnb Stock Performance

Shares of Airbnb stock opened at $137.51 on Thursday. Airbnb, Inc. has a one year low of $109.79 and a one year high of $143.88. The company has a market cap of $83.70 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 1.64 and a beta of 1.15. The business's 50 day moving average price is $128.19 and its 200 day moving average price is $127.32.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.10). Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The company had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The business's quarterly revenue was up 12.9% compared to the same quarter last year. On average, analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ABNB shares. Wedbush restated a "neutral" rating and issued a $130.00 target price on shares of Airbnb in a research report on Friday, February 13th. Wells Fargo & Company raised their target price on Airbnb from $133.00 to $136.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 1st. Tigress Financial decreased their target price on Airbnb from $200.00 to $185.00 and set a "buy" rating on the stock in a research report on Wednesday, April 8th. Barclays raised their target price on Airbnb from $120.00 to $122.00 and gave the company an "equal weight" rating in a research report on Friday, February 13th. Finally, Citigroup upgraded Airbnb from a "neutral" rating to an "outperform" rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $149.40.

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.

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