Airbnb, Inc. $ABNB Shares Purchased by M&T Bank Corp

M&T Bank Corp lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 50.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,610 shares of the company’s stock after acquiring an additional 4,219 shares during the quarter. M&T Bank Corp’s holdings in Airbnb were worth $1,711,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sumitomo Life Insurance Co. increased its position in shares of Airbnb by 15.0% in the third quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock worth $8,022,000 after acquiring an additional 8,636 shares in the last quarter. National Pension Service increased its position in shares of Airbnb by 1.1% in the third quarter. National Pension Service now owns 1,096,411 shares of the company’s stock worth $133,126,000 after acquiring an additional 12,453 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Airbnb by 87.5% in the third quarter. Chicago Partners Investment Group LLC now owns 23,155 shares of the company’s stock worth $2,964,000 after acquiring an additional 10,808 shares in the last quarter. Syntax Research Inc. purchased a new position in shares of Airbnb in the third quarter worth approximately $1,865,000. Finally, Markel Group Inc. increased its position in shares of Airbnb by 7.1% in the third quarter. Markel Group Inc. now owns 227,133 shares of the company’s stock worth $27,578,000 after acquiring an additional 15,130 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Performance

ABNB stock opened at $141.49 on Friday. The stock has a market cap of $86.13 billion, a P/E ratio of 34.85, a P/E/G ratio of 1.71 and a beta of 1.20. The firm has a 50 day simple moving average of $133.41 and a 200 day simple moving average of $129.30. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25.

Airbnb (NASDAQ:ABNB) last posted its quarterly 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). The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a return on equity of 30.71% and a net margin of 19.90%.The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. Sell-side analysts predict that Airbnb, Inc. will post 4.95 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ABNB shares. Truist Financial raised shares of Airbnb from a “sell” rating to a “hold” rating and lifted their target price for the stock from $107.00 to $129.00 in a research report on Thursday, March 26th. Royal Bank Of Canada lifted their target price on shares of Airbnb from $170.00 to $173.00 and gave the stock an “outperform” rating in a research report on Friday. B. Riley Financial reissued a “buy” rating on shares of Airbnb in a research report on Friday. Rodman & Renshaw started coverage on shares of Airbnb in a research report on Monday. They issued a “buy” rating on the stock. Finally, Oppenheimer raised shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price on the stock in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $157.04.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Citigroup, RBC, Citizens JMP, and Susquehanna all raised their price targets on Airbnb and maintained bullish or positive ratings, signaling Wall Street sees more upside after the latest earnings and guidance update. Analyst price target upgrades for Airbnb
• Positive Sentiment: Airbnb’s Q1 revenue came in above expectations and the company lifted its full-year sales outlook, reinforcing the view that travel demand remains healthy despite macro and geopolitical noise. Airbnb Raises Outlook, Citing Resilient Travel Demand
• Positive Sentiment: Management said AI is improving efficiency across the business, with Airbnb noting that AI now writes a large share of new code and may reshape job roles, which could support margins over time. Airbnb says AI now writes 60% of its new code
• Positive Sentiment: Several analysts reiterated buy or outperform views, and broker sentiment remains moderately bullish overall, which can help support the stock near current levels. Airbnb maintained at Buy by Citi
• Neutral Sentiment: Airbnb beat revenue estimates but missed earnings per share expectations, creating a mixed headline that limits enthusiasm even as top-line growth stays strong. Airbnb beats expectations for revenue and gross bookings value
• Neutral Sentiment: Comments about elevated cancellations in EMEA and Asia-Pacific due to the Middle East conflict add uncertainty, but they do not yet appear to be derailing demand overall. Airbnb tops revenue estimates, but Middle East cancellations rise due to Iran war
• Negative Sentiment: The company still missed profit estimates, which reminds investors that earnings leverage remains uneven despite solid revenue growth. Airbnb misses profit estimates despite revenue beat

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 24,788 shares of Airbnb stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $145.86, for a total value of $3,615,577.68. Following the completion of the sale, the insider directly owned 11,920 shares in the company, valued at $1,738,651.20. The trade was a 67.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $140.37, for a total transaction of $8,141,460.00. Following the completion of the sale, the director owned 54,015 shares of the company’s stock, valued at $7,582,085.55. This trade represents a 51.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 457,075 shares of company stock worth $60,358,795. 27.21% of the stock is owned by company insiders.

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.