Airbnb, Inc. $ABNB Shares Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management cut its Airbnb stake by 74.6% in the third quarter, selling 21,251 shares and retaining 7,242 shares valued at approximately $1.16 million. Institutional investors collectively own 80.76% of Airbnb.
• Airbnb reported quarterly revenue of $3.61 billion and adjusted earnings of $1.37 per share, exceeding analyst estimates, while revenue increased 16.3% year over year. Shares opened at $172.01, with a 12-month range of $110.81 to $193.45.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $181.93. However, insider selling totaled about $269.4 million last quarter, and investors are weighing Airbnb’s elevated valuation and potential host backlash over new guest-cleanup rules.

Axxcess Wealth Management LLC trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 74.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,242 shares of the company's stock after selling 21,251 shares during the period. Axxcess Wealth Management LLC's holdings in Airbnb were worth $1,163,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ABNB. Wedmont Private Capital lifted its holdings in shares of Airbnb by 1.7% during the 2nd quarter. Wedmont Private Capital now owns 4,517 shares of the company's stock valued at $671,000 after buying an additional 75 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised 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 acquiring an additional 76 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Airbnb by 11.4% during the second quarter. Parkside Financial Bank & Trust now owns 800 shares of the company's stock valued at $114,000 after acquiring an additional 82 shares in the last quarter. Fermata Advisors LLC lifted its stake in Airbnb by 5.7% in the third quarter. Fermata Advisors LLC now owns 1,645 shares of the company's stock valued at $264,000 after acquiring an additional 88 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC lifted its stake in Airbnb by 3.0% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 3,085 shares of the company's stock valued at $441,000 after acquiring an additional 90 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb announced an exclusive partnership with American Express that adds more than 1 million listings to Amex Travel. Eligible cardholders can book stays directly, earn Membership Rewards, and receive select lodging or Experiences credits. The arrangement could improve Airbnb’s visibility, increase bookings, and expand access to affluent travelers. American Express and Airbnb Launch Exclusive Partnership
• Positive Sentiment: RBC Capital reiterated its Buy rating, while Zacks highlighted Airbnb’s growth characteristics as potential reasons the stock could outperform. The bullish case is supported by Airbnb’s global platform, more than 5 million hosts, international reach, and continued expansion of its travel ecosystem. RBC Capital Keeps Their Buy Rating on Airbnb
• Neutral Sentiment: Airbnb’s new guest-checkout rules limit hosts from requiring chores such as washing dishes, taking out trash, or stripping beds. The policy may improve the guest experience and reduce complaints, but its financial impact is uncertain because hosts could raise cleaning fees or alter listings. Airbnb Limits Cleaning Chores Hosts Can Require From Guests
• Negative Sentiment: Some hosts have criticized the chore restrictions and threatened to leave the platform, arguing that the changes could increase operating costs. Any meaningful loss of hosts, higher fees, or reduced listing supply would pose a risk to Airbnb’s marketplace and margins. Airbnb Limits Chores for Guests, Sparking Backlash From Hosts
• Neutral Sentiment: Commentary on whether Airbnb is a buy now focuses on execution and valuation. With shares trading near their 12-month high and at a relatively elevated earnings multiple, investors may require continued booking growth and strong profitability to justify further gains. What Needs To Be True To Buy Airbnb Stock Now?

Airbnb Stock Performance

NASDAQ:ABNB opened at $172.01 on Friday. The firm has a market capitalization of $103.00 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $193.45. The firm has a 50-day moving average price of $171.97 and a 200 day moving average price of $153.01.

Airbnb (NASDAQ:ABNB - Get Free Report) last released 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 firm 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%. The business's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 earnings per share. Research analysts anticipate that Airbnb, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 1,369 shares of the business's stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $168.01, for a total value of $230,005.69. Following the completion of the transaction, the chief accounting officer directly owned 45,655 shares of the company's stock, valued at approximately $7,670,496.55. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 13,615 shares of the stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $165.18, for a total value of $2,248,925.70. Following the sale, the insider directly owned 20,567 shares of the company's stock, valued at approximately $3,397,257.06. The trade was a 39.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,550,715 shares of company stock valued at $269,396,918 in the last quarter. 27.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on ABNB shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $190.00 target price (up from $175.00) on shares of Airbnb in a report on Monday, August 31st. Barclays upped their price target on Airbnb from $125.00 to $150.00 in a research note on Friday, August 7th. UBS Group increased their price objective on Airbnb from $163.00 to $172.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Citigroup reissued a "market outperform" rating on shares of Airbnb in a research note on Friday, September 18th. Finally, Mizuho raised their price objective on Airbnb from $175.00 to $200.00 in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Airbnb has a consensus rating of "Moderate Buy" and an average price target of $181.93.

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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