SEB Asset Management AB Invests $29.39 Million in Airbnb, Inc. $ABNB

SEB Asset Management AB bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 232,768 shares of the company’s stock, valued at approximately $29,394,000.

Other institutional investors have also modified their holdings of the company. Patton Fund Management Inc. boosted its holdings in Airbnb by 4.3% in the 4th quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock worth $254,000 after buying an additional 77 shares during the last quarter. BOKF NA boosted its stake in Airbnb by 11.0% during the fourth quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after buying an additional 78 shares during the last quarter. Yoder Wealth Management Inc. boosted its position in shares of Airbnb by 0.3% during the 4th quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock valued at $3,582,000 after acquiring an additional 84 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Airbnb by 1.0% during the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock valued at $1,007,000 after acquiring an additional 86 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. grew its holdings in shares of Airbnb by 3.4% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 2,692 shares of the company’s stock valued at $365,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Wedbush initiated coverage with a neutral rating and a $152 price target, implying modest upside from recent levels and signaling that analysts still see value in the shares. Article link
• Positive Sentiment: Jefferies reaffirmed its buy rating on Airbnb, supporting the view that Wall Street remains constructive on the company’s longer-term growth outlook. Article link
• Neutral Sentiment: Investors are watching Airbnb’s upcoming fiscal second-quarter earnings report, with analysts expecting double-digit earnings growth; results will likely determine whether the stock can extend recent momentum. Article link
• Neutral Sentiment: Airbnb co-founder Joseph Gebbia sold about $39 million in stock under a pre-arranged 10b5-1 plan. While not necessarily a bearish signal, insider selling can create some investor caution. Article link
• Negative Sentiment: CEO Brian Chesky’s X account was reportedly hacked and used to promote crypto tokenization posts. The incident does not directly affect fundamentals, but it is a reputational and security-related distraction for the company. Article link

Analysts Set New Price Targets

A number of brokerages have commented on ABNB. Wedbush started coverage on shares of Airbnb in a research note on Thursday. They set a “neutral” rating and a $152.00 target price on the stock. Sanford C. Bernstein reissued an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. HC Wainwright upgraded Airbnb to a “buy” rating in a report on Monday, May 4th. CICC Research started coverage on Airbnb in a research report on Friday, June 5th. They issued an “outperform” rating and a $165.00 target price on the stock. Finally, UBS Group lifted their target price on Airbnb from $153.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of “Moderate Buy” and an average price target of $159.84.

Airbnb Stock Performance

ABNB opened at $145.98 on Monday. The company has a market cap of $87.98 billion, a P/E ratio of 35.96, a PEG ratio of 1.56 and a beta of 1.14. Airbnb, Inc. has a one year low of $110.81 and a one year high of $150.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The business’s 50-day simple moving average is $139.13 and its 200-day simple moving average is $134.40.

Airbnb (NASDAQ:ABNB) last announced 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). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. Airbnb’s revenue was up 17.9% compared to the same quarter last year. As a group, equities research analysts expect that Airbnb, Inc. will post 4.92 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 265,746 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $132.22, for a total value of $35,136,936.12. Following the completion of the sale, the chief executive officer directly owned 11,206,389 shares of the company’s stock, valued at approximately $1,481,708,753.58. This represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 294,903 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $148.43, for a total value of $43,772,452.29. Following the completion of the transaction, the director owned 2,622,452 shares in the company, valued at $389,250,550.36. This trade represents a 10.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,267,429 shares of company stock worth $313,655,215. 27.21% of the stock is owned by company insiders.

About Airbnb

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.