Northwestern Mutual Wealth Management Co. Reduces Position in Airbnb, Inc. $ABNB

Northwestern Mutual Wealth Management Co. lowered its stake in Airbnb, Inc. (NASDAQ:ABNB) by 79.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,982 shares of the company’s stock after selling 259,504 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Airbnb were worth $9,129,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Harris Associates L P increased its position in shares of Airbnb by 86.0% in the 1st quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock valued at $1,188,024,000 after acquiring an additional 4,598,125 shares during the period. AQR Capital Management LLC lifted its position in Airbnb by 81.0% during the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after acquiring an additional 1,916,676 shares during the period. McElhenny Sheffield Capital Management LLC purchased a new stake in Airbnb during the 2nd quarter valued at about $170,189,000. Consulta Ltd acquired a new position in shares of Airbnb in the first quarter valued at about $149,325,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Airbnb by 52.9% in the first quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company’s stock valued at $293,590,000 after purchasing an additional 850,719 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a report on Wednesday, October 8th. Mizuho set a $156.00 price objective on shares of Airbnb in a research note on Friday, November 7th. DA Davidson set a $155.00 price objective on shares of Airbnb in a report on Friday, November 14th. Zacks Research upgraded shares of Airbnb to a “hold” rating in a research note on Tuesday, August 12th. Finally, Jefferies Financial Group reduced their target price on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating for the company in a report on Monday, August 11th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus price target of $143.58.

Airbnb Trading Up 1.5%

Airbnb stock opened at $118.80 on Tuesday. The firm has a market cap of $73.13 billion, a PE ratio of 28.22, a P/E/G ratio of 2.06 and a beta of 1.11. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The stock’s 50 day simple moving average is $121.70 and its two-hundred day simple moving average is $127.80.

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

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $120.76, for a total value of $28,499,360.00. Following the completion of the transaction, the director owned 1,176,015 shares in the company, valued at approximately $142,015,571.40. This represents a 16.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Elinor Mertz sold 12,184 shares of the stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $127.65, for a total transaction of $1,555,287.60. Following the sale, the chief financial officer directly owned 444,070 shares in the company, valued at approximately $56,685,535.50. The trade was a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,435,884 shares of company stock valued at $174,141,258. Corporate insiders own 27.83% of the company’s stock.

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.