Airbnb, Inc. $ABNB Stock Bought by MBL Wealth LLC

MBL Wealth LLC raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 158.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,608 shares of the company’s stock after buying an additional 4,054 shares during the period. MBL Wealth LLC’s holdings in Airbnb were worth $1,062,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ABNB. Meeder Asset Management Inc. boosted its stake in shares of Airbnb by 96.3% during the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after acquiring an additional 105 shares in the last quarter. Main Street Group LTD acquired a new stake in shares of Airbnb during the 1st quarter valued at about $29,000. Western Wealth Management LLC acquired a new stake in shares of Airbnb during the 1st quarter valued at about $34,000. Pension & Wealth Management Advisors Inc. purchased a new position in shares of Airbnb in the 3rd quarter valued at about $35,000. Finally, Global Assets Advisory LLC purchased a new position in shares of Airbnb in the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Performance

ABNB opened at $172.01 on Friday. The firm’s fifty day simple moving average is $171.97 and its two-hundred day simple moving average is $153.01. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $193.45. The company has a market cap of $103.00 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 2.01 and a beta of 1.24. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. Equities analysts anticipate that Airbnb, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 531,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $174.41, for a total value of $92,611,710.00. Following the transaction, the insider directly owned 171,370 shares of the company’s stock, valued at approximately $29,888,641.70. This trade represents a 75.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 200,000 shares of Airbnb stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $174.79, for a total value of $34,958,000.00. Following the completion of the sale, the chief executive officer owned 10,501,685 shares in the company, valued at approximately $1,835,589,521.15. The trade was a 1.87% 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 have sold 1,550,715 shares of company stock valued at $269,396,918. 27.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ABNB shares. Morgan Stanley assumed coverage on Airbnb in a report on Wednesday, September 16th. They issued an “equal weight” rating and a $170.00 price target for the company. Cantor Fitzgerald initiated coverage on Airbnb in a research report on Friday, October 2nd. They set an “overweight” rating on the stock. BNP Paribas Exane raised their price objective on Airbnb from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, August 7th. BMO Capital Markets boosted their price objective on Airbnb from $146.00 to $165.00 and gave the company a “market perform” rating in a research report on Monday, August 10th. Finally, Citizens Jmp boosted their price objective on Airbnb from $190.00 to $200.00 and gave the company a “market outperform” rating in a research report on Friday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.93.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb announced an exclusive partnership with American Express that adds more than 1 million listings to Amex Travel. Eligible cardholders can book stays directly, earn Membership Rewards, and receive select lodging or Experiences credits. The arrangement could improve Airbnb’s visibility, increase bookings, and expand access to affluent travelers. American Express and Airbnb Launch Exclusive Partnership
• Positive Sentiment: RBC Capital reiterated its Buy rating, while Zacks highlighted Airbnb’s growth characteristics as potential reasons the stock could outperform. The bullish case is supported by Airbnb’s global platform, more than 5 million hosts, international reach, and continued expansion of its travel ecosystem. RBC Capital Keeps Their Buy Rating on Airbnb
• Neutral Sentiment: Airbnb’s new guest-checkout rules limit hosts from requiring chores such as washing dishes, taking out trash, or stripping beds. The policy may improve the guest experience and reduce complaints, but its financial impact is uncertain because hosts could raise cleaning fees or alter listings. Airbnb Limits Cleaning Chores Hosts Can Require From Guests
• Negative Sentiment: Some hosts have criticized the chore restrictions and threatened to leave the platform, arguing that the changes could increase operating costs. Any meaningful loss of hosts, higher fees, or reduced listing supply would pose a risk to Airbnb’s marketplace and margins. Airbnb Limits Chores for Guests, Sparking Backlash From Hosts
• Neutral Sentiment: Commentary on whether Airbnb is a buy now focuses on execution and valuation. With shares trading near their 12-month high and at a relatively elevated earnings multiple, investors may require continued booking growth and strong profitability to justify further gains. What Needs To Be True To Buy Airbnb Stock Now?

Airbnb Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and service providers. Its platform enables users to search for, book and review a broad range of stays, including private rooms, entire homes, apartments and other distinctive properties.

In addition to lodging, Airbnb offers experiences and activities hosted by local individuals and businesses. The company also provides tools and services that help hosts create listings, manage bookings, communicate with guests and receive payments.