BlackRock Discloses Passive Stake in Airbnb Class A Common Stock

TL;DR

**BlackRock owns a chunk of Airbnb, signaling institutional confidence.**

AI Summary

BlackRock Inc., a major investment firm, filed an SC 13G on January 29, 2024, disclosing its ownership of Airbnb, Inc. Class A Common Stock as of December 31, 2023. This filing indicates BlackRock holds a significant, but passive, stake in Airbnb. For investors, this means a large institutional investor sees value in Airbnb, potentially signaling stability and long-term confidence in the company's prospects.

Why It Matters

This filing shows a major institutional investor, BlackRock, has a significant, passive stake in Airbnb, which can be a vote of confidence for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate negative risk for Airbnb shareholders.

Analyst Insight

A smart investor would note BlackRock's passive stake as a sign of institutional confidence, but also understand that SC 13G filings don't indicate active management or a change in investment strategy, so further research into Airbnb's fundamentals is still crucial.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• Airbnb, Inc. (company) — the subject company whose stock is being reported
• Class A Common Stock (other) — the type of securities held by BlackRock
• December 31, 2023 (date) — the date of the event requiring the filing
• January 29, 2024 (date) — the filing date of the SC 13G

Forward-Looking Statements

• BlackRock will maintain its passive stake in Airbnb for the foreseeable future. (BlackRock Inc.) — high confidence, target: 2025-12-31
• Airbnb's stock will continue to be a component of broad market index funds managed by BlackRock. (Airbnb, Inc.) — high confidence, target: 2024-12-31

FAQ

From the Filing

0001086364-24-005075.txt : 20240129 0001086364-24-005075.hdr.sgml : 20240129 20240129152624 ACCESSION NUMBER: 0001086364-24-005075 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Airbnb, Inc. CENTRAL INDEX KEY: 0001559720 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-TO DWELLINGS & OTHER BUILDINGS [7340] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 263051428 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-91861 FILM NUMBER: 24573116 BUSINESS ADDRESS: STREET 1: 888 BRANNAN ST. CITY: SAN FRANCISCO STATE: CA ZIP: 94103 BUSINESS PHONE: 415.800.5959 MAIL ADDRESS: STREET 1: 888 BRANNAN ST. CITY: SAN FRANCISCO STATE: CA ZIP: 94103 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us0090661010_012924.txt us0090661010_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) Airbnb, Inc. -------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------- (Title of Class of Securities) 009066101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 009066101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 24023521 (6) Shared voting power 0 (7) Sole dispositive power 26580286 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 26580286 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Airbnb, Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 888 BRANNAN ST. SAN FRANCISCO CA 94103 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ----------------------------------------------