Van ECK Associates Corp Acquires 1,373,375 Shares of Airbnb, Inc. $ABNB

Key Points

• Van ECK Associates Corp dramatically increased its Airbnb stake in Q3, buying an additional 1,373,375 shares (a 6,623.8% rise) to hold 1,394,109 shares—about 0.22% of the company—valued at roughly $169.3 million.
• Airbnb's latest quarter delivered $0.56 EPS, missing the $0.66 consensus, while revenue beat at $2.78 billion, up 12.9% year‑over‑year.
• Insiders have been net sellers (449,488 shares sold in the past 90 days, including Director Joseph Gebbia's 58,000 shares), insiders still own 27.83%, institutional ownership is 80.76%, and the stock has a consensus "Hold" rating with an average price target of $149.42.

Van ECK Associates Corp raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 6,623.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,394,109 shares of the company's stock after purchasing an additional 1,373,375 shares during the period. Van ECK Associates Corp owned 0.22% of Airbnb worth $169,273,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ABNB. Aster Capital Management DIFC Ltd purchased a new position in shares of Airbnb in the 3rd quarter worth $25,000. Root Financial Partners LLC bought a new stake in Airbnb during the 3rd quarter valued at approximately $32,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Airbnb by 55.5% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company's stock worth $38,000 after acquiring an additional 111 shares during the last quarter. Ameriflex Group Inc. increased its holdings in shares of Airbnb by 986.7% in the third quarter. Ameriflex Group Inc. now owns 326 shares of the company's stock worth $40,000 after purchasing an additional 296 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in shares of Airbnb by 4,255.6% in the 3rd quarter. SJS Investment Consulting Inc. now owns 392 shares of the company's stock worth $48,000 after buying an additional 383 shares in the last quarter. Institutional investors own 80.76% of the company's stock.

Airbnb Price Performance

NASDAQ ABNB opened at $132.44 on Wednesday. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $143.88. The firm's 50-day moving average is $130.42 and its two-hundred day moving average is $126.64. The stock has a market capitalization of $80.62 billion, a P/E ratio of 32.78, a PEG ratio of 1.51 and a beta of 1.12.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The company had revenue of $2.78 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The business's quarterly revenue was up 12.9% compared to the same quarter last year. As a group, analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Airbnb from $160.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, December 5th. Morgan Stanley set a $120.00 price objective on Airbnb in a research report on Friday, February 13th. TD Cowen boosted their target price on Airbnb from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, February 13th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Airbnb in a research note on Wednesday, January 14th. Finally, BNP Paribas Exane assumed coverage on shares of Airbnb in a research note on Monday, November 24th. They set a "hold" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $149.42.

Insider Buying and Selling

In other news, Director Joseph Gebbia sold 58,000 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $133.28, for a total value of $7,730,240.00. Following the completion of the transaction, the director owned 460,015 shares in the company, valued at $61,310,799.20. This trade represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Elinor Mertz sold 7,500 shares of the business's stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $130.00, for a total value of $975,000.00. Following the sale, the chief financial officer directly owned 418,030 shares in the company, valued at $54,343,900. This trade represents a 1.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 449,488 shares of company stock worth $58,706,854. Insiders own 27.83% of the company's stock.

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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