Alamar Capital Management LLC Decreases Stock Holdings in Airbnb, Inc. $ABNB

Alamar Capital Management LLC lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 33.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,328 shares of the company's stock after selling 6,712 shares during the quarter. Alamar Capital Management LLC's holdings in Airbnb were worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Transamerica Financial Advisors LLC lifted its position in Airbnb by 143.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company's stock valued at $26,000 after acquiring an additional 112 shares during the last quarter. Entrust Financial LLC acquired a new position in Airbnb during the 4th quarter valued at about $27,000. Meeder Asset Management Inc. raised its stake in Airbnb by 96.3% in the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company's stock valued at $27,000 after buying an additional 105 shares during the last quarter. Sunbelt Securities Inc. raised its stake in 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 buying an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC purchased a new stake in shares of Airbnb during the third quarter worth about $27,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 200,000 shares of the firm'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 value of $34,958,000.00. Following the completion of the transaction, the chief executive officer owned 10,501,685 shares of the company's stock, valued at approximately $1,835,589,521.15. This trade represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 294,903 shares of Airbnb stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $148.43, for a total transaction of $43,772,452.29. Following the completion of the transaction, the director owned 2,622,452 shares of the company's stock, valued at $389,250,550.36. This trade represents a 10.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,341,879 shares of company stock valued at $381,939,901 in the last three months. 27.21% of the stock is owned by corporate insiders.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Rosenblatt Securities upgraded Airbnb to “Strong Buy” after initiating coverage with a “Buy” rating and a $220 price target, implying approximately 20% upside from the referenced share price. The call adds to improving Wall Street sentiment. Rosenblatt initiates Airbnb coverage
• Positive Sentiment: Airbnb named Pepijn Rijvers chief business officer. The former Tripadvisor and Booking.com executive succeeds Dave Stephenson, bringing travel-industry experience as Airbnb develops its hotel strategy and seeks additional growth opportunities. Airbnb names Pepijn Rijvers chief business officer
• Positive Sentiment: Analysts continue to highlight Experiences, artificial intelligence and other newer businesses as potential growth drivers. Airbnb Experiences listings reportedly increased 30% across tracked cities in three months, supporting the view that these initiatives could reduce the company’s growth overhang. Analyst commentary on Airbnb growth businesses
• Neutral Sentiment: Airbnb reportedly offered selected U.S. hosts lower fees to attract more guests. The move could increase demand and listings, but lower fees may pressure near-term take rates and margins. Airbnb reportedly offers lower host fees
• Negative Sentiment: Co-founder and insider Nathan Blecharczyk sold 70,775 shares for approximately $13.45 million across August 28 and August 31, reducing his direct holdings by roughly 74% in the latest transactions. While insider sales can be routine, the size and frequency may weigh on sentiment. Airbnb insider stock sales

Airbnb Price Performance

Shares of ABNB opened at $183.26 on Thursday. The firm has a 50-day simple moving average of $161.44 and a two-hundred day simple moving average of $143.25. The stock has a market cap of $109.73 billion, a PE ratio of 41.65, a P/E/G ratio of 2.11 and a beta of 1.16. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $193.45. 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 (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.26 by $0.11. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same period in the prior year, the business posted $1.03 EPS. The business's revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, analysts forecast that Airbnb, Inc. will post 5.23 EPS for the current year.

Analyst Ratings Changes

ABNB has been the topic of several research reports. Piper Sandler set a $150.00 target price on Airbnb in a research report on Friday, August 7th. Benchmark upped their target price on Airbnb from $160.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Sanford C. Bernstein increased their target price on Airbnb from $168.00 to $217.00 and gave the company an "outperform" rating in a report on Monday, August 24th. Citigroup increased their price target on Airbnb from $175.00 to $193.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada set a $165.00 price target on shares of Airbnb in a research report on Monday, August 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $177.07.

About Airbnb

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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