Rakuten Investment Management Inc. Has $10.87 Million Holdings in Airbnb, Inc. $ABNB

Rakuten Investment Management Inc. lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 202.7% during the 4th quarter, HoldingsChannel reports. The fund owned 79,524 shares of the company’s stock after acquiring an additional 53,255 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Airbnb were worth $10,865,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ABNB. Harris Associates L P grew its stake in shares of Airbnb by 43.2% in the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after acquiring an additional 4,292,383 shares in the last quarter. Independent Franchise Partners LLP acquired a new stake in Airbnb during the third quarter worth about $505,672,000. Norges Bank acquired a new stake in Airbnb during the fourth quarter worth about $480,332,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Airbnb by 453.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock worth $403,782,000 after buying an additional 2,724,682 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Airbnb by 58.6% during the third quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock worth $518,456,000 after buying an additional 1,577,338 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb gained on a market-wide relief rally tied to the reported peace deal and reopening of the Strait of Hormuz, which reduced geopolitical and oil-price fears and supported travel stocks. Why Airbnb (ABNB) Stock Is Trading Up Today
• Neutral Sentiment: Truist raised its price target on Airbnb to $134 from $129, but kept a Hold rating, suggesting limited near-term upside from current levels. Airbnb Price Target Raised by Truist
• Neutral Sentiment: Baron Capital highlighted Airbnb in its latest fund letter, focusing on the company’s resilience as AI reshapes the travel and real estate landscape; this is more of a long-term investment discussion than a direct catalyst. Is Airbnb (ABNB) Resilient to AI Transition?

Analysts Set New Price Targets

ABNB has been the topic of a number of analyst reports. CICC Research initiated coverage on shares of Airbnb in a research note on Friday, June 5th. They set an “outperform” rating and a $165.00 price objective on the stock. Tigress Financial reduced their price objective on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Argus upgraded shares of Airbnb to a “strong-buy” rating in a research note on Tuesday, February 17th. DA Davidson increased their price objective on shares of Airbnb from $150.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Citigroup reiterated an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $157.96.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 60,136 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $145.70, for a total value of $8,761,815.20. Following the completion of the transaction, the insider owned 11,920 shares in the company, valued at $1,736,744. This trade represents a 83.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Chesky sold 265,746 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the completion of the transaction, the chief executive officer owned 11,206,389 shares of the company’s stock, valued at approximately $1,481,708,753.58. This trade represents a 2.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,677,117 shares of company stock worth $226,595,468 in the last quarter. 27.21% of the stock is owned by insiders.

Airbnb Stock Up 1.6%

ABNB stock opened at $141.20 on Wednesday. The stock has a market capitalization of $85.10 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25. The firm has a 50-day moving average price of $135.51 and a 200-day moving average price of $131.68.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm’s revenue was up 17.9% compared to the same quarter last year. During the same period last year, the company posted $0.24 EPS. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

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.