ARK Investment Management LLC Purchases 243,299 Shares of Airbnb, Inc. $ABNB

Key Points

• ARK Investment Management raised its stake in Airbnb by 30.7%, buying 243,299 shares to hold 1,035,828 shares (about 0.17% of the company) worth roughly $125.8 million as of the latest SEC filing.
• Corporate insiders have been net sellers recently — Director Joseph Gebbia sold 58,000 shares and co‑founder Nathan Blecharczyk sold 141,063 shares, with insiders selling a total of 681,643 shares (≈$87.14 million) in the last 90 days; insiders still own 27.91% of the company.
• Institutional investors hold about 80.76% of Airbnb, which has a market cap of ~$82.5 billion, a trailing P/E of 33.55 and a 12‑month trading range of $99.88 to $143.88.

ARK Investment Management LLC raised its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 30.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,035,828 shares of the company's stock after buying an additional 243,299 shares during the period. ARK Investment Management LLC owned about 0.17% of Airbnb worth $125,770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Aster Capital Management DIFC Ltd acquired a new position in Airbnb during the 3rd quarter valued at about $25,000. Root Financial Partners LLC purchased a new stake in shares of Airbnb in the third quarter worth approximately $32,000. NewSquare Capital LLC raised its stake in shares of Airbnb by 86.4% in the second quarter. NewSquare Capital LLC now owns 287 shares of the company's stock worth $38,000 after purchasing an additional 133 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Airbnb by 55.5% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company's stock valued at $38,000 after purchasing an additional 111 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its position in shares of Airbnb by 4,255.6% during the third quarter. SJS Investment Consulting Inc. now owns 392 shares of the company's stock valued at $48,000 after buying an additional 383 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 58,000 shares of the firm's stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $130.56, for a total value of $7,572,480.00. Following the transaction, the director owned 634,015 shares of the company's stock, valued at approximately $82,776,998.40. This trade represents a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 141,063 shares of Airbnb stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $121.96, for a total value of $17,204,043.48. Following the transaction, the insider directly owned 11,520 shares in the company, valued at approximately $1,404,979.20. The trade was a 92.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 681,643 shares of company stock valued at $87,136,680 in the last 90 days. Corporate insiders own 27.91% of the company's stock.

Airbnb Trading Up 1.9%

Shares of Airbnb stock opened at $135.54 on Thursday. The firm has a market capitalization of $82.50 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $143.88. The business's 50-day moving average price is $130.64 and its 200-day moving average price is $126.44.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.10). The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The company's revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm posted $0.73 EPS. As a group, analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on ABNB. Benchmark dropped their target price on shares of Airbnb from $155.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, February 13th. Wells Fargo & Company lifted their price target on Airbnb from $128.00 to $133.00 and gave the stock an "equal weight" rating in a report on Friday, February 13th. Mizuho boosted their price objective on Airbnb from $156.00 to $175.00 and gave the stock an "outperform" rating in a research report on Tuesday. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Airbnb in a research report on Wednesday, January 14th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Airbnb in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $149.42.

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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