Cullinan Associates Inc. Sells 9,802 Shares of Airbnb, Inc. $ABNB

Cullinan Associates Inc. reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 18.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,820 shares of the company’s stock after selling 9,802 shares during the quarter. Cullinan Associates Inc.’s holdings in Airbnb were worth $6,271,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Transamerica Financial Advisors LLC raised its stake in Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. Entrust Financial LLC acquired a new stake in Airbnb during the fourth quarter worth about $27,000. Meeder Asset Management Inc. grew its stake in Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after buying an additional 105 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after buying an additional 175 shares during the period. Finally, Wiser Advisor Group LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at approximately $27,000. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ABNB. Canaccord Genuity Group set a $200.00 price target on shares of Airbnb in a report on Friday, August 7th. Scotiabank began coverage on shares of Airbnb in a research note on Monday, May 4th. They issued an “outperform” rating on the stock. UBS Group boosted their price objective on shares of Airbnb from $163.00 to $172.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. KeyCorp restated a “sector weight” rating on shares of Airbnb in a research note on Monday, August 10th. Finally, Wells Fargo & Company raised their target price on Airbnb from $181.00 to $186.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $174.03.

Airbnb Price Performance

Airbnb stock opened at $189.43 on Friday. The stock has a 50-day moving average price of $158.90 and a two-hundred day moving average price of $141.74. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $193.45. The company has a market capitalization of $113.43 billion, a PE ratio of 43.05, a P/E/G ratio of 2.19 and a beta of 1.14. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.11. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. Analysts expect that Airbnb, Inc. will post 5.23 EPS for the current year.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 20,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $173.61, for a total transaction of $3,472,200.00. Following the completion of the transaction, the chief executive officer owned 5,854 shares of the company’s stock, valued at approximately $1,016,312.94. This trade represents a 77.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth I. Chenault sold 8,346 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $170.00, for a total transaction of $1,418,820.00. Following the transaction, the director directly owned 40,879 shares of the company’s stock, valued at $6,949,430. The trade was a 16.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,870,373 shares of company stock valued at $449,701,870 in the last quarter. 27.21% of the stock is currently owned by corporate insiders.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Jim Cramer advised investors to remain long Airbnb despite concerns that the company’s forthcoming fee-display changes could frustrate customers and cause some hosts or travelers to leave the platform. His comments provide a supportive, though subjective, sentiment signal. Jim Cramer Says Stay Long Airbnb Stock Despite Fee Concerns
• Positive Sentiment: Airbnb’s latest reported quarter exceeded expectations, with earnings per share of $1.37 versus a $1.26 consensus estimate and revenue of $3.61 billion versus $3.58 billion expected. Revenue increased 16.3% year over year, reinforcing the company’s growth narrative.
• Positive Sentiment: Institutional ownership remains high at approximately 80.8%, with several large investors recently increasing their positions. Bernstein also raised its price target to $217 and maintained an outperform rating, helping offset more cautious analyst views.
• Neutral Sentiment: Airbnb is trading near its 52-week high, while its average analyst price target is $174.03—below recent trading levels. This suggests investors are pricing in considerable optimism, even though the analyst consensus remains “Moderate Buy.”
• Negative Sentiment: Insider Nathan Blecharczyk sold 19,659 shares for approximately $3.75 million, reducing his ownership by 48.87%. The sale follows much larger transactions, including roughly $38.6 million and $28.8 million of stock sold on August 25 and August 24, respectively, plus a previously reported $92.6 million sale. Repeated insider selling may weigh on sentiment, although such transactions can also reflect diversification or scheduled selling rather than a company-specific warning. Airbnb Insider Sells Shares
• Negative Sentiment: The planned shift to displaying guest fees directly in listing prices has raised concerns about customer behavior and potential demand friction. Investors will likely watch booking trends and conversion rates after the change is implemented.

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.