Slow Capital Inc. Purchases New Shares in Airbnb, Inc. $ABNB

Key Points

• Slow Capital acquired 14,834 Airbnb shares worth approximately $2.38 million in the third quarter. Hedge funds and other institutional investors collectively own 80.76% of the stock.
• Airbnb insiders sold 1.29 million shares valued at roughly $230.8 million over the past 90 days, including significant sales by CAO David Bernstein and insider Nathan Blecharczyk.
• Airbnb reported quarterly revenue growth of 16.3% and earnings above analyst estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $181.93, though the stock’s elevated valuation and host backlash over new guest-checkout rules remain risks.

Slow Capital Inc. acquired a new position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,834 shares of the company's stock, valued at approximately $2,383,000.

Several other hedge funds have also modified their holdings of ABNB. Signaturefd LLC raised its stake in Airbnb by 8.8% during the third quarter. Signaturefd LLC now owns 4,903 shares of the company's stock valued at $788,000 after purchasing an additional 398 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in Airbnb by 4.3% during the third quarter. Citizens Financial Group Inc. RI now owns 27,187 shares of the company's stock valued at $4,368,000 after purchasing an additional 1,109 shares during the last quarter. Simplicity Wealth LLC grew its stake in shares of Airbnb by 8.0% in the 3rd quarter. Simplicity Wealth LLC now owns 1,942 shares of the company's stock worth $312,000 after buying an additional 144 shares in the last quarter. Gibbs Wealth Management grew its stake in shares of Airbnb by 11.4% in the 3rd quarter. Gibbs Wealth Management now owns 2,277 shares of the company's stock worth $366,000 after buying an additional 233 shares in the last quarter. Finally, Wedbush Securities Inc. grew its stake in shares of Airbnb by 38.8% in the 3rd quarter. Wedbush Securities Inc. now owns 3,910 shares of the company's stock worth $628,000 after buying an additional 1,094 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO David C. Bernstein sold 1,369 shares of the company's stock in a transaction dated 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 approximately $7,670,496.55. This represents a 2.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 13,615 shares of the stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $165.18, for a total transaction of $2,248,925.70. Following the completion of the sale, the insider directly owned 20,567 shares in the company, valued at $3,397,257.06. This trade represents a 39.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,285,715 shares of company stock valued at $230,786,418 in the last 90 days. Company insiders own 27.21% of the company's stock.

Trending Headlines about Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb announced an exclusive partnership with American Express that adds more than 1 million listings to Amex Travel. Eligible cardholders can book stays directly, earn Membership Rewards, and receive select lodging or Experiences credits. The arrangement could improve Airbnb’s visibility, increase bookings, and expand access to affluent travelers. American Express and Airbnb Launch Exclusive Partnership
• Positive Sentiment: RBC Capital reiterated its Buy rating, while Zacks highlighted Airbnb’s growth characteristics as potential reasons the stock could outperform. The bullish case is supported by Airbnb’s global platform, more than 5 million hosts, international reach, and continued expansion of its travel ecosystem. RBC Capital Keeps Their Buy Rating on Airbnb
• Neutral Sentiment: Airbnb’s new guest-checkout rules limit hosts from requiring chores such as washing dishes, taking out trash, or stripping beds. The policy may improve the guest experience and reduce complaints, but its financial impact is uncertain because hosts could raise cleaning fees or alter listings. Airbnb Limits Cleaning Chores Hosts Can Require From Guests
• Negative Sentiment: Some hosts have criticized the chore restrictions and threatened to leave the platform, arguing that the changes could increase operating costs. Any meaningful loss of hosts, higher fees, or reduced listing supply would pose a risk to Airbnb’s marketplace and margins. Airbnb Limits Chores for Guests, Sparking Backlash From Hosts
• Neutral Sentiment: Commentary on whether Airbnb is a buy now focuses on execution and valuation. With shares trading near their 12-month high and at a relatively elevated earnings multiple, investors may require continued booking growth and strong profitability to justify further gains. What Needs To Be True To Buy Airbnb Stock Now?

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Gordon Haskett upped their target price on shares of Airbnb from $146.00 to $180.00 and gave the company a "hold" rating in a research report on Thursday, September 10th. Benchmark increased their price target on shares of Airbnb from $160.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 7th. Wells Fargo & Company dropped their price target on Airbnb from $186.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, October 7th. Susquehanna boosted their price objective on Airbnb from $170.00 to $200.00 and gave the stock a "positive" rating in a research note on Friday, August 7th. Finally, Bank of America boosted their price objective on Airbnb from $160.00 to $175.00 in a research note on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned 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 presently has a consensus rating of "Moderate Buy" and an average target price of $181.93.

Airbnb Price Performance

Shares of ABNB opened at $172.01 on Monday. 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 business has a fifty day moving average of $171.97 and a 200 day moving average of $153.20. The company has a market cap of $103.00 billion, a PE ratio of 39.09, a P/E/G ratio of 1.97 and a beta of 1.24. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $193.45.

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, beating analysts' consensus estimates of $1.26 by $0.11. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The business had revenue of $3.61 billion for the quarter, compared to analysts' expectations of $3.58 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. The business's revenue was up 16.3% compared to the same quarter last year. On average, sell-side analysts expect that Airbnb, Inc. will post 5.29 EPS for the current year.

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.

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