AXQ Capital LP Sells 6,510 Shares of Airbnb, Inc. $ABNB

Key Points

• AXQ Capital reduced its Airbnb position by 55.4% in the second quarter, selling 6,510 shares and retaining 5,251 shares valued at approximately $751,000. Institutional investors collectively own 80.76% of Airbnb.
• Airbnb insiders have also been selling shares: CEO Brian Chesky sold 200,000 shares for nearly $35 million, while Director Joseph Gebbia Jr. sold 294,903 shares for approximately $43.8 million. Insiders sold 2.29 million shares worth $375.6 million during the quarter.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $177.07. Airbnb’s latest quarter exceeded expectations, reporting $1.37 in EPS and $3.61 billion in revenue, with revenue up 16.3% year over year.

AXQ Capital LP lessened its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 55.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,251 shares of the company's stock after selling 6,510 shares during the quarter. AXQ Capital LP's holdings in Airbnb were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ABNB. Commerzbank Aktiengesellschaft FI increased its holdings in Airbnb by 1.3% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company's stock valued at $727,000 after buying an additional 76 shares during the period. BOKF NA lifted its holdings in shares of Airbnb by 11.0% during the 4th quarter. BOKF NA now owns 787 shares of the company's stock worth $107,000 after acquiring an additional 78 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Airbnb by 1.0% during the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company's stock worth $1,007,000 after acquiring an additional 86 shares during the period. Norman Fields Gottscho Capital Management LLC boosted its position in shares of Airbnb by 3.0% during the 2nd quarter. Norman Fields Gottscho Capital Management LLC now owns 3,085 shares of the company's stock valued at $441,000 after acquiring an additional 90 shares in the last quarter. Finally, Root Financial Partners LLC boosted its position in shares of Airbnb by 38.1% during the 4th quarter. Root Financial Partners LLC now owns 359 shares of the company's stock valued at $49,000 after acquiring an additional 99 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 200,000 shares of the business's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $174.79, for a total value of $34,958,000.00. Following the transaction, the chief executive officer owned 10,501,685 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, Director Joseph Gebbia Jr. sold 294,903 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $148.43, for a total value of $43,772,452.29. Following the sale, the director owned 2,622,452 shares in the company, valued at $389,250,550.36. The trade was a 10.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,292,884 shares of company stock worth $375,558,036. 27.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on ABNB shares. Oppenheimer increased their price target on shares of Airbnb from $180.00 to $190.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Piper Sandler set a $150.00 price objective on Airbnb in a research note on Friday, August 7th. Wells Fargo & Company increased their target price on Airbnb from $181.00 to $186.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Canaccord Genuity Group set a $200.00 target price on Airbnb in a research report on Friday, August 7th. Finally, B. Riley Financial reaffirmed a "buy" rating on shares of Airbnb in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Airbnb has a consensus rating of "Moderate Buy" and a consensus target price of $177.07.

Airbnb Price Performance

NASDAQ:ABNB opened at $181.94 on Monday. The firm has a market cap of $108.94 billion, a PE ratio of 41.35, a price-to-earnings-growth ratio of 2.11 and a beta of 1.16. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $193.45. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The company's 50-day moving average price is $163.03 and its two-hundred day moving average price is $144.12.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share 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 company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same quarter last year, the business posted $1.03 earnings per share. The company's revenue was up 16.3% on a year-over-year basis. On average, equities analysts anticipate that Airbnb, Inc. will post 5.23 EPS for the current fiscal year.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy recommendation and a $220 price target, adding a bullish view to Airbnb’s analyst coverage and implying potential upside. Rosenblatt initiates coverage of Airbnb
• Positive Sentiment: ABNB recently moved above its 20-day moving average, a short-term technical signal that may attract momentum-oriented investors. Airbnb overtakes 20-day moving average
• Positive Sentiment: Airbnb named Pepijn Rijvers chief business officer. His previous experience at Tripadvisor and Booking.com could support the company’s expansion into hotels and broader travel offerings. Airbnb names Pepijn Rijvers chief business officer
• Neutral Sentiment: Bank of America Securities maintained its Hold rating, indicating limited change to its existing view. Separately, Tesla-related discussion of robotaxi fleets being “Airbnb meets Uber” is not a direct change to Airbnb’s fundamentals. Bank of America maintains Hold rating
• Negative Sentiment: Proposed European Union rules could restrict short-term rental homes, potentially reducing available listings or limiting Airbnb’s activity in an important market. The draft proposal represents a material regulatory risk to supply, bookings and growth. Proposed EU rules affecting short-term rentals
• Negative Sentiment: Insider selling may weigh on sentiment. Chief Accounting Officer David Bernstein sold 5,224 shares for approximately $953,000, while a separate filing reported an additional roughly $2.55 million insider sale. The transactions may reflect personal financial planning, but they reduce insider ownership and can concern investors. Airbnb insider stock sale

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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