Airbnb, Inc. $ABNB Stock Sold by MKA Charitable Fund

Key Points

• MKA Charitable Fund cut its Airbnb stake by 4.6% in the third quarter, selling 75,000 shares and retaining 1.55 million shares valued at approximately $249 million. Airbnb remains the fund’s sole and largest holding.
• Analysts maintain a generally positive outlook, with Airbnb receiving a consensus “Moderate Buy” rating and an average price target of $182.43.
• Airbnb’s latest quarterly results exceeded expectations, with adjusted earnings of $1.37 per share and revenue of $3.61 billion, up 16.3% year over year. However, substantial recent insider selling and proposed host-policy changes could weigh on investor sentiment.

MKA Charitable Fund reduced its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,549,847 shares of the company's stock after selling 75,000 shares during the period. Airbnb makes up 100.0% of MKA Charitable Fund's portfolio, making the stock its biggest position. MKA Charitable Fund owned approximately 0.26% of Airbnb worth $248,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Carmignac Gestion raised its holdings in Airbnb by 40.8% in the first quarter. Carmignac Gestion now owns 659,570 shares of the company's stock worth $83,290,000 after buying an additional 191,200 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its stake in shares of Airbnb by 21.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 42,696 shares of the company's stock worth $5,392,000 after buying an additional 7,613 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of Airbnb in the second quarter worth approximately $3,070,000. ZWJ Investment Counsel Inc. lifted its stake in shares of Airbnb by 16.5% in the third quarter. ZWJ Investment Counsel Inc. now owns 85,116 shares of the company's stock worth $13,674,000 after buying an additional 12,025 shares in the last quarter. Finally, SummitTX Capital L.P. purchased a new stake in shares of Airbnb during the first quarter valued at approximately $2,645,000. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ABNB shares. Sanford C. Bernstein reiterated an "outperform" rating on shares of Airbnb in a report on Monday, October 12th. Bank of America boosted their price objective on shares of Airbnb from $160.00 to $175.00 in a report on Friday, August 7th. JPMorgan Chase & Co. upped their price objective on Airbnb from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. HSBC upped their price objective on Airbnb from $162.00 to $177.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, BNP Paribas Exane increased their target price on Airbnb from $150.00 to $175.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Two equities 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 stock. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.43.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $166.04 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $99.42 billion, a price-to-earnings ratio of 37.74, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. The business has a 50-day simple moving average of $171.20 and a two-hundred day simple moving average of $146.41. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $193.45.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.11. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The business's quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 EPS. On average, analysts expect that Airbnb, Inc. will post 5.29 earnings per share for the current year.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb continues to show a stronger revenue profile than some consumer-industry peers, with consistent year-over-year growth over roughly the past eight quarters. Its asset-light marketplace, global reach across more than 220 countries and regions, double-digit revenue growth, and high net margins remain fundamental strengths. Advance Auto Parts vs. Airbnb: Diverging Paths in Revenue Flash a Warning for Investors
• Neutral Sentiment: Recent comparison articles continue to frame Airbnb as a high-margin, capital-light business with a broad global network, but they offer relative-investment analysis rather than new company-specific developments. Airbnb vs. GameStop Airbnb vs. Five Below
• Negative Sentiment: Co-founder Nathan Blecharczyk sold 13,615 shares for approximately $2.33 million, reducing his direct stake by 39.83%. While insider sales do not necessarily signal deteriorating fundamentals, the transaction can weigh on sentiment. SEC insider transaction filing
• Negative Sentiment: A new policy prevents hosts from requiring guests to perform cleaning tasks typically handled by professional cleaners. More than 10,000 hosts have reportedly signed a petition opposing the change, with some considering a booking blackout or higher cleaning fees, creating a risk to listings, pricing, and bookings. Airbnb guests no longer have to wash dishes or strip beds
• Negative Sentiment: Airbnb underperformed the broader market in the latest session, while commentary from Trefis raised concern about the possibility of another decline, reinforcing a cautious near-term outlook. How Big Could Airbnb Stock's Next Fall Be?

Insider Activity at Airbnb

In other news, CEO Brian Chesky sold 200,000 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $174.79, for a total transaction of $34,958,000.00. Following the completion of the transaction, the chief executive officer directly owned 10,501,685 shares of the company's stock, valued at $1,835,589,521.15. The trade was a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nathan Blecharczyk sold 531,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $174.41, for a total transaction of $92,611,710.00. Following the transaction, the insider owned 171,370 shares in the company, valued at approximately $29,888,641.70. This trade represents a 75.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,299,330 shares of company stock valued at $233,111,996 over the last three months. 27.21% of the stock is owned by corporate insiders.

Airbnb Profile

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.

Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.