Mediolanum International Funds Ltd Has $14.08 Million Position in Airbnb, Inc. $ABNB

Mediolanum International Funds Ltd increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,397 shares of the company’s stock after purchasing an additional 6,294 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Airbnb were worth $14,082,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ABNB. Merit Financial Group LLC increased its position in Airbnb by 72.1% in the 4th 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 last quarter. North Dakota State Investment Board acquired a new stake in shares of Airbnb during the 4th quarter valued at about $2,785,000. North Star Asset Management Inc. lifted its holdings in shares of Airbnb by 13.4% during the 4th quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock valued at $10,663,000 after buying an additional 9,294 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Airbnb by 18.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 223,291 shares of the company’s stock valued at $30,305,000 after buying an additional 34,573 shares in the last quarter. Finally, Markel Group Inc. grew its stake in shares of Airbnb by 5.8% in the 4th quarter. Markel Group Inc. now owns 240,289 shares of the company’s stock valued at $32,612,000 after buying an additional 13,156 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley downgraded Airbnb from an “underweight” rating to an “underweight” rating in a report on Monday, May 4th. Needham & Company LLC assumed coverage on shares of Airbnb in a research note on Monday, May 4th. They issued a “buy” rating for the company. Sanford C. Bernstein reissued an “outperform” rating on shares of Airbnb in a research report on Friday, May 22nd. UBS Group increased their price target on shares of Airbnb from $153.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Evercore restated an “outperform” rating on shares of Airbnb in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $159.84.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $145.98 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $87.98 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 1.56 and a beta of 1.14. The business’s 50-day simple moving average is $139.13 and its 200-day simple moving average is $134.40. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $150.88.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data 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 company 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 was up 17.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share. As a group, equities research analysts expect that Airbnb, Inc. will post 4.92 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Brian Chesky sold 265,746 shares of the company’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 sale, the chief executive officer directly owned 11,206,389 shares of the company’s stock, valued at approximately $1,481,708,753.58. This represents a 2.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 294,903 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $148.43, for a total transaction of $43,772,452.29. Following the sale, the director directly owned 2,622,452 shares of the company’s stock, valued at approximately $389,250,550.36. This represents a 10.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,267,429 shares of company stock valued at $313,655,215 over the last 90 days. 27.21% of the stock is currently owned by company insiders.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Wedbush initiated coverage with a neutral rating and a $152 price target, implying modest upside from recent levels and signaling that analysts still see value in the shares. Article link
• Positive Sentiment: Jefferies reaffirmed its buy rating on Airbnb, supporting the view that Wall Street remains constructive on the company’s longer-term growth outlook. Article link
• Neutral Sentiment: Investors are watching Airbnb’s upcoming fiscal second-quarter earnings report, with analysts expecting double-digit earnings growth; results will likely determine whether the stock can extend recent momentum. Article link
• Neutral Sentiment: Airbnb co-founder Joseph Gebbia sold about $39 million in stock under a pre-arranged 10b5-1 plan. While not necessarily a bearish signal, insider selling can create some investor caution. Article link
• Negative Sentiment: CEO Brian Chesky’s X account was reportedly hacked and used to promote crypto tokenization posts. The incident does not directly affect fundamentals, but it is a reputational and security-related distraction for the company. Article link

About Airbnb

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.