Pacer Advisors Inc. Decreases Stake in Airbnb, Inc. $ABNB

Key Points

• Pacer Advisors Inc. cut its Airbnb position by 9.4% in the fourth quarter, selling 234,702 shares and leaving it with 2.27 million shares valued at about $308 million.
• Airbnb’s latest earnings showed mixed results: revenue of $2.68 billion beat expectations and rose 17.9% year over year, but EPS of $0.26 came in below the $0.31 consensus estimate.
• Insider selling has been notable, with Director Joseph Gebbia and CEO Brian Chesky both selling shares recently; over the past 90 days, insiders have sold nearly 2 million shares total.

Pacer Advisors Inc. lessened its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 9.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,268,964 shares of the company's stock after selling 234,702 shares during the period. Pacer Advisors Inc. owned about 0.37% of Airbnb worth $307,944,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Titan Investment Management LLC acquired a new position in Airbnb in the fourth quarter valued at approximately $2,666,000. Kera Capital Partners Inc. boosted its stake in Airbnb by 44.6% during the 4th quarter. Kera Capital Partners Inc. now owns 8,511 shares of the company's stock worth $1,101,000 after purchasing an additional 2,627 shares during the period. Atmos Capital Gestao DE Recursos LTDA. acquired a new stake in shares of Airbnb during the fourth quarter worth about $12,717,000. Van Diest Capital LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $402,000. Finally, Compound Planning Inc. lifted its holdings in shares of Airbnb by 5.1% during the fourth quarter. Compound Planning Inc. now owns 7,335 shares of the company's stock worth $996,000 after purchasing an additional 358 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Commentary suggests cheaper airfares could stimulate travel activity and improve Airbnb’s booking trends, which would support revenue growth. Will Airbnb (ABNB) Turn Lower Flight Costs Into a Stronger Platform Advantage?
• Neutral Sentiment: Airbnb’s annual meeting resulted in Alfred Lin joining the board, while shareholders rejected several governance proposals; this is more of a corporate governance update than a direct earnings catalyst. Will Airbnb (ABNB) Turn Lower Flight Costs Into a Stronger Platform Advantage?
• Neutral Sentiment: Long-term investor commentary remains mixed but constructive, with some analysis arguing Airbnb can still appeal to patient holders despite recent volatility. Should You Buy and Hold Airbnb (ABNB) For Long Term
• Negative Sentiment: Fresh valuation work says ABNB could be about 17.8% overvalued, which may cap upside if investors focus on fundamentals. Airbnb (ABNB) Stock Could Be 17.8% Overvalued After Fresh Results
• Negative Sentiment: CEO Brian Chesky and Director Joseph Gebbia recently sold shares, which can be read as a cautious insider signal by some investors. SEC filing for Brian Chesky sale SEC filing for Joseph Gebbia sale
• Negative Sentiment: Broader industry commentary warns AI agents could disrupt travel platforms like Airbnb over the longer term, adding a competitive risk. EXCLUSIVE: Google And Meta May Have The Most To Lose In The AI‑Agent Era, Says Founder Who Rejected OpenAI

Airbnb Stock Up 1.3%

Shares of Airbnb stock opened at $142.41 on Friday. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $147.25. The company has a fifty day moving average price of $136.14 and a 200 day moving average price of $132.03. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock has a market cap of $85.83 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16.

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

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 265,000 shares of Airbnb stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $138.51, for a total transaction of $36,705,150.00. Following the sale, the director directly owned 2,917,355 shares of the company's stock, valued at approximately $404,082,841.05. The trade was a 8.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 30,743 shares of Airbnb stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $138.40, for a total value of $4,254,831.20. Following the sale, the chief executive officer owned 10,701,685 shares in the company, valued at $1,481,113,204. This represents a 0.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,972,860 shares of company stock valued at $267,555,449. 27.21% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ABNB shares. Royal Bank Of Canada restated an "outperform" rating and issued a $173.00 price objective on shares of Airbnb in a research report on Thursday, May 21st. Mizuho boosted their price objective on shares of Airbnb from $156.00 to $175.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 3rd. Weiss Ratings upgraded Airbnb from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, May 12th. Jefferies Financial Group set a $160.00 price target on shares of Airbnb in a research note on Friday, June 5th. Finally, CICC Research began coverage on Airbnb in a report on Friday, June 5th. They set an "outperform" rating and a $165.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.96.

Airbnb Company 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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