Cullinan Associates Inc. Has $6.27 Million Stake in Airbnb, Inc. $ABNB

Cullinan Associates Inc. trimmed its position in Airbnb, Inc. (NASDAQ:ABNB) by 18.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,820 shares of the company’s stock after selling 9,802 shares during the period. Cullinan Associates Inc.’s holdings in Airbnb were worth $6,271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harris Associates L P lifted its stake 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 grew its stake in shares of Airbnb by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock worth $1,368,338,000 after acquiring an additional 47,966 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Airbnb by 58.4% in the fourth quarter. AQR Capital Management LLC now owns 6,762,784 shares of the company’s stock valued at $917,845,000 after purchasing an additional 2,492,847 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Airbnb by 3.7% in the fourth 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, Wellington Management Group LLP lifted its position in shares of Airbnb by 80.6% in the second quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company’s stock worth $827,929,000 after purchasing an additional 2,581,539 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Trading Up 2.7%

Shares of NASDAQ:ABNB opened at $189.43 on Friday. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $193.45. The business has a 50 day moving average of $158.90 and a 200-day moving average of $141.74. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The stock has a market cap of $113.43 billion, a PE ratio of 43.05, a P/E/G ratio of 2.19 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $3.58 billion. During the same quarter last year, the company earned $1.03 earnings per share. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. As a group, equities research analysts forecast that Airbnb, Inc. will post 5.23 earnings per share for the current year.

Insider Transactions at Airbnb

In related news, CFO Elinor Mertz sold 3,748 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $153.34, for a total transaction of $574,718.32. Following the transaction, the chief financial officer directly owned 441,542 shares of the company’s stock, valued at approximately $67,706,050.28. This trade represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 19,659 shares of Airbnb stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $190.73, for a total transaction of $3,749,561.07. Following the completion of the sale, the insider owned 20,567 shares of the company’s stock, valued at $3,922,743.91. This trade represents a 48.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,870,373 shares of company stock worth $449,701,870 over the last ninety days. Corporate 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: 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.

Analyst Ratings Changes

Several equities research analysts have commented on ABNB shares. Citigroup boosted their price target on shares of Airbnb from $175.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Susquehanna lifted their target price on Airbnb from $170.00 to $200.00 and gave the company a “positive” rating in a research report on Friday, August 7th. Sanford C. Bernstein upped their price objective on Airbnb from $168.00 to $217.00 and gave the stock an “outperform” rating in a research note on Monday, August 24th. KeyCorp reissued a “sector weight” rating on shares of Airbnb in a report on Monday, August 10th. Finally, Canaccord Genuity Group set a $200.00 target price on shares of Airbnb in a report on Friday, August 7th. Two 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.03.

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.