Fullerton Fund Management Co Ltd. Makes New Investment in Airbnb, Inc. $ABNB

Fullerton Fund Management Co Ltd. bought a new position in Airbnb, Inc. (NASDAQ:ABNB) during the 4th quarter, HoldingsChannel reports. The firm bought 4,072 shares of the company’s stock, valued at approximately $553,000.

Other hedge funds also recently bought and sold shares of the company. Sumitomo Life Insurance Co. raised its holdings in 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 purchasing an additional 8,636 shares during the period. Merit Financial Group LLC raised its holdings in Airbnb by 72.1% in the fourth quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock worth $4,478,000 after purchasing an additional 13,818 shares during the period. ARK Investment Management LLC raised its holdings in Airbnb by 30.7% in the third quarter. ARK Investment Management LLC now owns 1,035,828 shares of the company’s stock worth $125,770,000 after purchasing an additional 243,299 shares during the period. Victory Capital Management Inc. raised its holdings in Airbnb by 14.6% in the third quarter. Victory Capital Management Inc. now owns 1,529,652 shares of the company’s stock worth $185,730,000 after purchasing an additional 195,055 shares during the period. Finally, North Dakota State Investment Board acquired a new stake in Airbnb in the fourth quarter worth $2,785,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ABNB has been the subject of several research reports. Needham & Company LLC initiated coverage on shares of Airbnb in a research report on Monday, May 4th. They set a “buy” rating for the company. Truist Financial increased their price objective on shares of Airbnb from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, June 12th. Weiss Ratings raised shares of Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 12th. HSBC downgraded shares of Airbnb from a “hold” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Tigress Financial lowered their price objective on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock 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 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 of the company’s stock, valued at approximately $1,736,744. This trade represents a 83.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 265,746 shares of the firm’s stock in a transaction 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,677,117 shares of company stock valued at $226,595,468. Corporate insiders own 27.21% of the company’s stock.

Key Stories Impacting 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?

Airbnb Stock Up 1.6%

Airbnb stock opened at $141.20 on Wednesday. The company has a market cap 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. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $147.25. The company has a fifty day simple moving average of $135.51 and a 200 day simple moving average of $131.68. 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 (NASDAQ:ABNB) last released its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS. Research analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

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.