Artisan Partners Limited Partnership Sells 237,993 Shares of Airbnb, Inc. $ABNB

Artisan Partners Limited Partnership decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 18.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,024,347 shares of the company’s stock after selling 237,993 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.16% of Airbnb worth $135,562,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kentucky Trust Co acquired a new position in Airbnb during the second quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. Concord Wealth Partners bought a new stake in shares of Airbnb during the 2nd quarter worth about $28,000. Whipplewood Advisors LLC increased its holdings in shares of Airbnb by 235.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after acquiring an additional 160 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its stake in shares of Airbnb by 363.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock valued at $34,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling

In other news, CFO Elinor Mertz sold 7,500 shares of Airbnb stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $130.00, for a total transaction of $975,000.00. Following the sale, the chief financial officer owned 436,570 shares of the company’s stock, valued at approximately $56,754,100. This trade represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $121.38, for a total value of $72,828.00. Following the sale, the chief technology officer owned 194,806 shares in the company, valued at approximately $23,645,552.28. This represents a 0.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,444,514 shares of company stock valued at $178,333,882 over the last three months. 27.91% of the stock is owned by corporate insiders.

Airbnb Trading Down 0.8%

Shares of ABNB stock opened at $114.44 on Thursday. The firm has a market capitalization of $70.44 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 2.03 and a beta of 1.11. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The firm’s fifty day simple moving average is $122.91 and its 200 day simple moving average is $128.60.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the company earned $2.13 earnings per share. Airbnb’s revenue for the quarter was up 9.9% on a year-over-year basis. Airbnb has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ABNB shares. DA Davidson set a $155.00 target price on Airbnb in a research report on Friday, November 14th. UBS Group boosted their price objective on shares of Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Wedbush reaffirmed a “neutral” rating and set a $130.00 price objective on shares of Airbnb in a report on Friday, November 7th. Truist Financial lowered their target price on shares of Airbnb from $106.00 to $104.00 and set a “sell” rating on the stock in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company boosted their target price on shares of Airbnb from $110.00 to $111.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Airbnb presently has an average rating of “Hold” and an average target price of $143.31.

Airbnb Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.