Nemes Rush Group LLC Increases Stock Holdings in Airbnb, Inc. $ABNB

Nemes Rush Group LLC boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 72.9% in the second quarter, Holdings Channel reports. The fund owned 12,564 shares of the company’s stock after buying an additional 5,299 shares during the quarter. Nemes Rush Group LLC’s holdings in Airbnb were worth $1,663,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ABNB. Kentucky Trust Co purchased a new position in shares of Airbnb in the second quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. increased its stake in 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 buying an additional 83 shares during the period. Concord Wealth Partners acquired a new position in Airbnb in the 2nd quarter worth $28,000. Whipplewood Advisors LLC lifted its holdings in Airbnb by 235.3% in the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after buying an additional 160 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its position in 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 buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ABNB. BMO Capital Markets set a $124.00 target price on Airbnb and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Zacks Research upgraded Airbnb to a “hold” rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. increased their target price on Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. KeyCorp initiated coverage on shares of Airbnb in a research report on Thursday, October 23rd. They set a “sector weight” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a report on Wednesday, October 8th. Three investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $143.31.

Airbnb Trading Up 2.4%

Shares of NASDAQ ABNB opened at $114.26 on Friday. The company has a market capitalization of $70.33 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 2.01 and a beta of 1.11. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The business has a 50 day simple moving average of $122.52 and a 200-day simple moving average of $128.46.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 EPS. Airbnb has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $121.38, for a total transaction of $72,828.00. Following the completion of the transaction, the chief technology officer directly owned 194,806 shares of the company’s stock, valued at approximately $23,645,552.28. This represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $120.66, for a total value of $28,475,760.00. Following the sale, the director owned 232,015 shares in the company, valued at $27,994,929.90. The trade was a 50.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,444,514 shares of company stock valued at $178,333,882 in the last quarter. Insiders own 27.91% of the company’s stock.

About Airbnb

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.