Airbnb, Inc. $ABNB Stock Position Boosted by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 88.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,289 shares of the company’s stock after purchasing an additional 8,579 shares during the quarter. Kestra Advisory Services LLC’s holdings in Airbnb were worth $2,938,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ABNB. Jennison Associates LLC grew its holdings in shares of Airbnb by 9,331.0% during the first quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock worth $400,681,000 after buying an additional 3,139,315 shares in the last quarter. Wellington Management Group LLP raised its position in Airbnb by 80.6% in the 2nd quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company’s stock valued at $827,929,000 after buying an additional 2,581,539 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Airbnb in the 2nd quarter valued at approximately $330,085,000. Assenagon Asset Management S.A. lifted its stake in Airbnb by 114.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,401,521 shares of the company’s stock valued at $546,454,000 after acquiring an additional 1,816,522 shares in the last quarter. Finally, MKA Charitable Fund acquired a new position in Airbnb during the 2nd quarter worth approximately $232,515,606. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of Airbnb in a research note on Tuesday, November 3rd. Morgan Stanley assumed coverage on shares of Airbnb in a research report on Wednesday, September 16th. They issued an “equal weight” rating and a $170.00 price objective on the stock. FBN Securities assumed coverage on shares of Airbnb in a report on Friday, October 2nd. They set an “outperform” rating for the company. TD Cowen raised shares of Airbnb to a “strong-buy” rating in a research report on Monday, September 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of Airbnb from $170.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, November 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.46.

Key Stories Impacting Airbnb

Investors following ABNB have been watching these stories:

• Positive Sentiment: Airbnb’s recent quarterly results beat analyst expectations for both earnings and revenue, with revenue up 18.9% year over year. The earnings strength helped the stock stand out amid broader technology-sector weakness. Can Airbnb’s post-earnings rally last?
• Negative Sentiment: OpenAI’s acquisition of travel-planning platform Odessia could create an AI-powered route from trip discovery to booking, potentially diverting travelers from Airbnb’s own booking funnel. Airbnb is also developing AI capabilities, but the competitive impact remains uncertain. Airbnb and the AI travel deal that could rewire trip booking
• Negative Sentiment: Two reported insider sales totaled about $21.9 million in Airbnb stock. Such sales can weigh on sentiment, although the reports alone do not establish the sellers’ reasons. Airbnb insider sells $19.3 million in stock Airbnb insider sells $2.6 million in stock

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 13,625 shares of the business’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $194.37, for a total transaction of $2,648,291.25. Following the transaction, the insider directly owned 20,567 shares in the company, valued at approximately $3,997,607.79. The trade was a 39.85% 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, CAO David C. Bernstein sold 1,756 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $167.38, for a total transaction of $293,919.28. Following the transaction, the chief accounting officer owned 43,899 shares in the company, valued at approximately $7,347,814.62. The trade was a 3.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 638,891 shares of company stock valued at $120,204,649. 27.21% of the stock is currently owned by insiders.

Airbnb Stock Up 3.1%

ABNB traded up $5.65 on Friday, hitting $186.78. 4,972,144 shares of the company were exchanged, compared to its average volume of 4,639,410. The stock’s fifty day moving average is $169.12 and its 200-day moving average is $149.02. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $197.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market cap of $111.46 billion, a PE ratio of 34.91, a PEG ratio of 1.92 and a beta of 1.26.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 5th. The company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.31. The firm had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.75 billion. Airbnb had a return on equity of 38.94% and a net margin of 23.02%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company earned $2.21 earnings per share. Equities research analysts predict that Airbnb, Inc. will post 5.49 EPS for the current fiscal year.

About Airbnb

Airbnb operates an online marketplace that connects travelers with hosts offering short-term stays and other travel-related services. Listings include apartments, houses, rooms and distinctive accommodations, with options ranging from brief visits to longer stays. The platform also offers bookable experiences in destinations around the world. Founded in 2007 in San Francisco, Airbnb was started by Brian Chesky, Nathan Blecharczyk and Joe Gebbia. The company serves guests and hosts in more than 220 countries and regions, providing tools for listing properties, managing reservations and handling payments.