Airbnb, Inc. $ABNB Stake Boosted by Geode Capital Management LLC

Key Points

• Geode Capital Management increased its Airbnb stake by 0.5% in Q4, ending with 10,076,465 shares valued at about $1.37 billion. Institutional ownership remains high, with hedge funds and other institutions holding 80.76% of the stock.
• Wall Street sentiment on Airbnb is generally constructive: the stock has a Moderate Buy consensus rating and an average price target of $157.67. Recent analyst actions included a new buy rating from Needham and a raised target from JPMorgan to $140.
• Airbnb reported Q1 revenue of $2.68 billion, up 17.9% year over year, but EPS of $0.26 missed estimates. The article also notes insider selling, including director Joseph Gebbia’s recent sale of 2,860 shares.

Geode Capital Management LLC boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,076,465 shares of the company's stock after acquiring an additional 47,966 shares during the quarter. Geode Capital Management LLC owned 1.64% of Airbnb worth $1,368,338,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ABNB. Aster Capital Management DIFC Ltd acquired a new stake in Airbnb during the 3rd quarter worth about $25,000. ORG Partners LLC boosted its position in Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company's stock worth $26,000 after acquiring an additional 96 shares during the period. Entrust Financial LLC acquired a new stake in Airbnb during the 4th quarter worth about $27,000. Sunbelt Securities Inc. boosted its position in Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company's stock worth $27,000 after acquiring an additional 175 shares during the period. Finally, Wiser Advisor Group LLC acquired a new stake in Airbnb during the 3rd quarter worth about $27,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ABNB. Evercore restated an "outperform" rating on shares of Airbnb in a research report on Friday, May 8th. Morgan Stanley lowered Airbnb from an "underweight" rating to an "underweight" rating in a research report on Monday, May 4th. JPMorgan Chase & Co. raised their price objective on Airbnb from $130.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, May 8th. Needham & Company LLC began coverage on Airbnb in a research report on Monday, May 4th. They set a "buy" rating for the company. Finally, Argus upgraded Airbnb to a "strong-buy" rating in a research report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $157.67.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb expanded its travel platform with new trip-planning services such as airport pickups, grocery delivery, luggage storage, and car rentals, which could strengthen its ecosystem and support higher customer spending. Airbnb Expands Travel Platform with Airport Pickups, Grocery Delivery, and Car Rentals
• Positive Sentiment: Airbnb-backed startup WeRoad raised $58 million in a round led by Airbnb, reinforcing Airbnb’s involvement in travel innovation and potential growth opportunities beyond its core booking business. Airbnb-backed WeRoad raises $58M to take its group travel platform to the US
• Neutral Sentiment: Airbnb CEO Brian Chesky said chatbots are not the future of AI consumer products, highlighting the company’s focus on practical consumer-facing AI rather than generic chatbot products. Airbnb CEO Brian Chesky: Chatbots Are Not The Future Of AI — Consumer Products Are
• Neutral Sentiment: Airbnb continued to attract investor attention in market commentary, suggesting the stock remains on traders’ radar but without a clear new catalyst from that coverage. Airbnb, Inc. (ABNB) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Director Joseph Gebbia sold 2,860 shares of Airbnb stock, adding to recent insider selling and potentially pressuring sentiment around the name. Airbnb NASDAQ: ABNB Director Joseph Gebbia Sells 2,860 Shares

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 2,860 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $133.44, for a total value of $381,638.40. Following the completion of the sale, the director owned 3,447,355 shares of the company's stock, valued at approximately $460,015,051.20. The trade was a 0.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Elinor Mertz sold 3,750 shares of the business's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $143.00, for a total value of $536,250.00. Following the completion of the sale, the chief financial officer directly owned 463,415 shares of the company's stock, valued at approximately $66,268,345. The trade was a 0.80% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 457,177 shares of company stock valued at $62,601,233. 27.21% of the stock is owned by corporate insiders.

Airbnb Trading Up 1.8%

Shares of NASDAQ ABNB opened at $134.50 on Friday. The stock has a market cap of $81.06 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 1.42 and a beta of 1.20. The business has a 50 day simple moving average of $133.89 and a 200 day simple moving average of $130.17. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company's quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS. On average, research analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

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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