Intermede Investment Partners Ltd Sells 29,622 Shares of Airbnb, Inc. $ABNB

Key Points

• Intermede Investment Partners reduced its Airbnb stake by 4.8% in the fourth quarter, selling 29,622 shares and leaving it with 593,646 shares valued at about $80.6 million.
• Insider selling has been significant, with director Joseph Gebbia and insider Nathan Blecharczyk both selling large blocks of stock; insiders have sold 454,317 shares worth about $62.2 million over the last three months.
• Airbnb’s latest quarter showed revenue growth but an earnings miss: revenue rose 17.9% year over year to $2.68 billion, while EPS of $0.26 came in below estimates of $0.31.

Intermede Investment Partners Ltd cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 593,646 shares of the company's stock after selling 29,622 shares during the period. Airbnb comprises approximately 3.3% of Intermede Investment Partners Ltd's holdings, making the stock its 11th largest holding. Intermede Investment Partners Ltd owned approximately 0.10% of Airbnb worth $80,570,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. ORG Partners LLC grew its position in Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company's stock worth $26,000 after acquiring an additional 96 shares during the last quarter. Entrust Financial LLC bought a new stake in Airbnb during the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd bought a new stake in Airbnb during the 3rd quarter worth approximately $25,000. Aventura Private Wealth LLC bought a new stake in Airbnb during the 4th quarter worth approximately $29,000. Finally, Sunbelt Securities Inc. grew its position in Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company's stock worth $27,000 after acquiring an additional 175 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ABNB shares. Evercore restated an "outperform" rating on shares of Airbnb in a research report on Friday, May 8th. Susquehanna increased their price target on Airbnb from $150.00 to $170.00 and gave the stock a "positive" rating in a research report on Friday, May 8th. Needham & Company LLC initiated coverage on Airbnb in a research report on Monday, May 4th. They issued a "buy" rating on the stock. Barclays increased their price objective on Airbnb from $122.00 to $125.00 and gave the company an "equal weight" rating in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. increased their price objective on Airbnb from $130.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $157.67.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 58,000 shares of the firm's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $140.37, for a total transaction of $8,141,460.00. Following the sale, the director owned 54,015 shares of the company's stock, valued at approximately $7,582,085.55. This trade represents a 51.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 60,136 shares of the firm's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $145.70, for a total value of $8,761,815.20. Following the sale, the insider directly owned 11,920 shares in the company, valued at $1,736,744. The trade was a 83.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 454,317 shares of company stock worth $62,219,594 in the last three months. Insiders own 27.21% of the company's stock.

Airbnb Price Performance

NASDAQ:ABNB opened at $132.35 on Monday. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $147.25. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $79.77 billion, a P/E ratio of 32.60, a P/E/G ratio of 1.42 and a beta of 1.20. The stock's fifty day simple moving average is $133.54 and its 200-day simple moving average is $129.85.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm's revenue for the quarter was up 17.9% on a year-over-year basis. Equities research analysts expect that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb is expanding beyond home rentals into boutique hotels, car rentals, airport and train pickups, luggage storage, grocery delivery through Instacart, and FIFA World Cup-related experiences. Investors may see this as a way to open new revenue streams and boost app engagement. Airbnb to add grocery delivery and car rentals ahead of World Cup
• Positive Sentiment: The company is also adding AI-powered travel tools and AI support features, which could improve efficiency and make the platform more attractive to travelers and hosts. Airbnb may have a front seat for the new AI-dominated world
• Neutral Sentiment: Analysts continue to frame the strategy shift as Airbnb trying to become an “Amazon for services,” but investors still need evidence that the new offerings will lift profits rather than just add complexity. Should Airbnb’s One-Stop Travel Pivot Reshape How ABNB Investors View Its Core Platform Strategy?
• Neutral Sentiment: Airbnb is also getting attention ahead of the 2026 World Cup, which could lift travel demand, but some coverage notes booking trends are still uneven across host cities. Wall Street Breakfast Podcast: Summer Travel Meets FIFA Fever
• Negative Sentiment: New EU short-term-rental transparency rules are raising regulatory risk and could increase compliance costs in a key market, weighing on sentiment toward Airbnb’s core business. Airbnb expands into hotels, cars, groceries
• Negative Sentiment: Recent insider sales, including director Joseph Gebbia’s large share sale and Chief Strategy Officer Nathan Blecharczyk’s smaller sale, are also pressuring sentiment. SEC filing for Joseph Gebbia transaction

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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