CIBC Asset Management Inc Raises Stake in Airbnb, Inc. $ABNB

CIBC Asset Management Inc grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 33.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,236 shares of the company’s stock after purchasing an additional 44,426 shares during the quarter. CIBC Asset Management Inc’s holdings in Airbnb were worth $24,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ABNB. Aster Capital Management DIFC Ltd bought a new stake in shares of Airbnb during the 3rd quarter valued at $25,000. ORG Partners LLC boosted its holdings in Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 96 shares during the period. Entrust Financial LLC purchased a new stake in Airbnb in the 4th quarter worth $27,000. Sunbelt Securities Inc. increased its stake in Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after buying an additional 175 shares in the last quarter. Finally, Wiser Advisor Group LLC bought a new stake in Airbnb during the third quarter valued at about $27,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 265,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $135.45, for a total value of $35,894,250.00. Following the sale, the director owned 3,182,355 shares in the company, valued at approximately $431,049,984.75. The trade was a 7.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 62,764 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $134.00, for a total transaction of $8,410,376.00. Following the completion of the sale, the chief executive officer owned 10,855,175 shares in the company, valued at $1,454,593,450. This represents a 0.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,612,370 shares of company stock valued at $217,546,338 in the last ninety days. Corporate insiders own 27.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ABNB shares. Royal Bank Of Canada restated an “outperform” rating and issued a $173.00 price objective on shares of Airbnb in a research report on Thursday, May 21st. Cantor Fitzgerald raised Airbnb from a “neutral” rating to an “overweight” rating in a research note on Monday, May 4th. TD Cowen boosted their price target on Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Tigress Financial dropped their price target on Airbnb from $200.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Airbnb in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Airbnb has a consensus rating of “Moderate Buy” and an average price target of $157.67.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Brokerages continue to rate Airbnb at an average of “Moderate Buy,” signaling that analysts remain broadly constructive on the company’s outlook. Airbnb, Inc. (NASDAQ:ABNB) Given Average Rating of “Moderate Buy” by Brokerages
• Positive Sentiment: CEO Brian Chesky’s plans to start an AI venture could be seen as strategically important if Airbnb applies new AI tools to product design, personalization, or user experience. Airbnb CEO Brian Chesky Plans to Start a New AI Company
• Positive Sentiment: Institutional ownership remains high, suggesting continued support from large investors and reducing concerns about broad-based selling pressure.
• Neutral Sentiment: Airbnb’s latest quarter showed strong revenue growth but an EPS miss, making the stock reaction more dependent on whether investors focus on growth or profitability.
• Neutral Sentiment: Analysts’ consensus price target remains well above the current trading range, which leaves room for upside but does not guarantee near-term movement.
• Negative Sentiment: CEO Brian Chesky sold 62,764 shares, and Director Joseph Gebbia sold 265,000 shares, which can pressure sentiment because insider selling sometimes signals limited near-term upside. SEC filing for Joseph Gebbia sale SEC filing for Brian Chesky sales
• Negative Sentiment: Airbnb recently missed analyst EPS estimates, keeping some pressure on the stock as investors assess whether margins can keep up with revenue growth.

Airbnb Trading Up 0.1%

Shares of ABNB stock opened at $133.72 on Friday. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $147.25. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average price is $134.28 and its 200-day moving average price is $130.63. The stock has a market capitalization of $80.59 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The firm had revenue of $2.68 billion for 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%. Airbnb’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. Equities research analysts predict that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Airbnb 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.