California State Teachers Retirement System Sells 12,728 Shares of Airbnb, Inc. $ABNB

California State Teachers Retirement System trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 1.8% during the first quarter, Holdings Channel reports. The institutional investor owned 688,067 shares of the company’s stock after selling 12,728 shares during the quarter. California State Teachers Retirement System’s holdings in Airbnb were worth $86,889,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ABNB. Harris Associates L P lifted its position in Airbnb by 21.0% in the 4th quarter. Harris Associates L P now owns 18,694,408 shares of the company’s stock valued at $2,537,205,000 after acquiring an additional 3,240,477 shares in the last quarter. Geode Capital Management LLC boosted its stake in Airbnb by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock valued at $1,368,338,000 after purchasing an additional 47,966 shares during the last quarter. AQR Capital Management LLC increased its holdings in Airbnb by 58.4% during the 4th quarter. AQR Capital Management LLC now owns 6,762,784 shares of the company’s stock worth $917,845,000 after purchasing an additional 2,492,847 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Airbnb by 3.7% during the 4th quarter. Clearbridge Investments LLC now owns 6,073,947 shares of the company’s stock worth $824,356,000 after purchasing an additional 216,455 shares in the last quarter. Finally, Independent Franchise Partners LLP raised its stake in shares of Airbnb by 23.6% in the fourth quarter. Independent Franchise Partners LLP now owns 5,146,272 shares of the company’s stock worth $698,452,000 after purchasing an additional 981,624 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Brian Chesky sold 265,746 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was 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 $1,481,708,753.58. This trade represents a 2.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 88,366 shares of Airbnb stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $145.81, for a total value of $12,884,646.46. Following the sale, the insider owned 12,370 shares in the company, valued at $1,803,669.70. The trade was a 87.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,510,479 shares of company stock valued at $349,064,808. Insiders own 27.21% of the company’s stock.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Recent commentary highlights Airbnb’s growth potential, including its global marketplace, expanding travel offerings and possibility of entering another major growth cycle. The stock is trading above both its 50-day and 200-day moving averages, signaling sustained investor momentum. Airbnb Momentum Opens a Bigger Debate
• Positive Sentiment: Institutional ownership remains high at approximately 80.8%, with several investment firms adding to their positions. Analysts maintain a consensus “Moderate Buy” rating and an average price target of $160.23, above the stock’s recent trading level.
• Neutral Sentiment: Investor attention has increased, with Airbnb appearing among the most-watched stocks on Zacks and options activity drawing scrutiny. These reports may increase trading interest but do not identify a clear fundamental catalyst. Airbnb Is a Trending Stock
• Negative Sentiment: Airbnb trades at a premium valuation relative to Booking Holdings, while investors remain concerned about regulatory pressure affecting short-term rentals. The comparison suggests Booking may offer greater scale and a lower multiple, making Airbnb’s valuation more difficult to justify. Airbnb vs. Booking
• Negative Sentiment: Director Joseph Gebbia sold 265,000 shares for approximately $38.6 million, reducing his holdings by 12.7%. Insider Nathan Blecharczyk also sold 13,615 shares and has made multiple sales in recent months. While insider sales do not necessarily signal weaker fundamentals, the pattern can weigh on sentiment.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $153.01 on Thursday. The company has a market capitalization of $92.22 billion, a PE ratio of 37.69, a PEG ratio of 1.64 and a beta of 1.14. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average price is $140.88 and its 200-day moving average price is $134.89. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $156.50.

Airbnb (NASDAQ:ABNB) last issued 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 business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business’s revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 earnings per share. On average, equities analysts anticipate that Airbnb, Inc. will post 4.93 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ABNB shares. Citigroup restated a “market outperform” rating on shares of Airbnb in a report on Tuesday. HSBC downgraded Airbnb from a “hold” rating to a “hold” rating in a report on Monday, May 4th. JPMorgan Chase & Co. increased their price target on Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Oppenheimer upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price objective on the stock in a research note on Monday, May 4th. Finally, Scotiabank began coverage on shares of Airbnb in a report on Monday, May 4th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Moderate Buy” and an average target price of $160.23.

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.