Asset Management One Co. Ltd. Buys 59,961 Shares of Airbnb, Inc. $ABNB

Key Points

• Asset Management One increased its Airbnb stake by 28.8% in the third quarter, buying 59,961 shares for a total holding of 268,044 shares valued at approximately $43.1 million. Institutional investors collectively own 80.76% of Airbnb.
• Airbnb reported quarterly EPS of $1.37, beating estimates of $1.26, while revenue rose 16.3% year over year to $3.61 billion. Shares opened at $166.04, below the average analyst price target of $182.43.
• Insiders have sold approximately $233.1 million worth of shares over the past 90 days, including co-founder Nathan Blecharczyk’s sale of 13,615 shares for about $2.33 million. Analysts maintain a “Moderate Buy” consensus, with several firms raising their price targets.

Asset Management One Co. Ltd. lifted its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 28.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 268,044 shares of the company's stock after purchasing an additional 59,961 shares during the period. Asset Management One Co. Ltd.'s holdings in Airbnb were worth $43,061,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ABNB. Wellington Management Group LLP boosted its stake in Airbnb by 80.6% during the second quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company's stock worth $827,929,000 after acquiring an additional 2,581,539 shares in the last quarter. Amundi lifted its holdings in shares of Airbnb by 8.6% during the first quarter. Amundi now owns 4,686,765 shares of the company's stock valued at $591,845,000 after purchasing an additional 370,426 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Airbnb by 114.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,401,521 shares of the company's stock worth $546,454,000 after purchasing an additional 1,816,522 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Airbnb by 9,331.0% in the 1st quarter. Jennison Associates LLC now owns 3,172,959 shares of the company's stock worth $400,681,000 after purchasing an additional 3,139,315 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Airbnb by 61.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,201,279 shares of the company's stock worth $353,635,000 after purchasing an additional 835,208 shares in the last quarter. Institutional investors own 80.76% of the company's stock.

Airbnb Trading Down 1.6%

Shares of Airbnb stock opened at $166.04 on Thursday. The company's fifty day simple moving average is $171.20 and its 200-day simple moving average is $146.41. The stock has a market capitalization of $99.42 billion, a PE ratio of 37.74, a P/E/G ratio of 1.97 and a beta of 1.24. 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 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 during 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 company's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. As a group, equities analysts anticipate that Airbnb, Inc. will post 5.29 earnings per share for the current year.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 13,615 shares of Airbnb stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $170.81, for a total transaction of $2,325,578.15. Following the transaction, the insider owned 20,567 shares of the company's stock, valued at $3,513,049.27. The trade was a 39.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO David Bernstein sold 1,369 shares of Airbnb stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $168.01, for a total transaction of $230,005.69. Following the transaction, the chief accounting officer directly owned 45,655 shares in the company, valued at $7,670,496.55. This represents a 2.91% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,299,330 shares of company stock worth $233,111,996. 27.21% of the stock is owned by company insiders.

Trending Headlines about Airbnb

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?

Analyst Upgrades and Downgrades

ABNB has been the topic of several analyst reports. Argus boosted their target price on Airbnb from $165.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, August 21st. HSBC raised their price target on Airbnb from $162.00 to $177.00 and gave the company a "buy" rating in a report on Friday, August 7th. DA Davidson raised their price target on Airbnb from $175.00 to $220.00 and gave the company a "buy" rating in a report on Monday, August 31st. Morgan Stanley assumed coverage on Airbnb in a research report on Wednesday, September 16th. They issued an "equal weight" rating and a $170.00 price target for the company. Finally, Gordon Haskett upped their price target on shares of Airbnb from $146.00 to $180.00 and gave the stock a "hold" rating in a research note on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $182.43.

Airbnb Company 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.

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.