Jennison Associates LLC Sells 574,221 Shares of Airbnb, Inc. $ABNB

Key Points

• Jennison Associates LLC cut its Airbnb stake by 94.5% in Q4, selling 574,221 shares and leaving 33,644 shares valued at about $4.57 million per its latest 13F filing.
• Company insiders have been selling: Director Joseph Gebbia sold 58,000 shares and CFO Elinor Mertz sold 3,750 shares under pre‑arranged 10b5‑1 plans, and insiders have offloaded 395,325 shares in the last 90 days while holding 27.21% of the stock.
• Analysts maintain a consensus rating of Moderate Buy with a $151.73 price target, though Airbnb recently missed quarterly EPS ($0.56 vs. $0.66 estimate) while revenue rose 12.9% year‑over‑year.

Jennison Associates LLC cut its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 94.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,644 shares of the company's stock after selling 574,221 shares during the quarter. Jennison Associates LLC's holdings in Airbnb were worth $4,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Sumitomo Life Insurance Co. boosted its position in Airbnb by 15.0% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company's stock valued at $8,022,000 after acquiring an additional 8,636 shares in the last quarter. Cerity Partners LLC boosted its position in Airbnb by 18.1% during the 3rd quarter. Cerity Partners LLC now owns 364,824 shares of the company's stock valued at $44,297,000 after acquiring an additional 55,838 shares in the last quarter. National Pension Service boosted its position in Airbnb by 1.1% during the 3rd quarter. National Pension Service now owns 1,096,411 shares of the company's stock valued at $133,126,000 after acquiring an additional 12,453 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in Airbnb by 87.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 23,155 shares of the company's stock valued at $2,964,000 after acquiring an additional 10,808 shares in the last quarter. Finally, Syntax Research Inc. bought a new stake in Airbnb during the 3rd quarter valued at approximately $1,865,000. 80.76% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Joseph Gebbia sold 58,000 shares of the business's stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $126.16, for a total value of $7,317,280.00. Following the completion of the transaction, the director directly owned 170,015 shares in the company, valued at $21,449,092.40. The trade was a 25.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Elinor Mertz sold 3,750 shares of the business's stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $130.99, for a total transaction of $491,212.50. Following the completion of the transaction, the chief financial officer owned 394,359 shares of the company's stock, valued at approximately $51,657,085.41. The trade was a 0.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 395,325 shares of company stock worth $51,681,085. Insiders own 27.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ABNB shares. Citigroup raised Airbnb from a "neutral" rating to an "outperform" rating in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft raised Airbnb from a "hold" rating to a "buy" rating and set a $154.00 price objective on the stock in a research report on Friday, February 13th. Truist Financial upgraded shares of Airbnb from a "sell" rating to a "hold" rating and lifted their target price for the company from $107.00 to $129.00 in a report on Thursday, March 26th. Benchmark lowered their target price on shares of Airbnb from $155.00 to $145.00 and set a "buy" rating for the company in a report on Friday, February 13th. Finally, Mizuho lifted their target price on shares of Airbnb from $156.00 to $175.00 and gave the company an "outperform" rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Airbnb presently has a consensus rating of "Moderate Buy" and a consensus price target of $151.73.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb said 2025 was a record year for Canadian domestic travel and travel from Canada to non‑U.S. international destinations hit the highest level since 2019 — a clear demand tailwind for bookings and regional revenue. 2025 was record year for Canadian domestic travel: Airbnb
• Positive Sentiment: Market commentary shows ABNB trading stronger than the broader market this session, reflecting short‑term optimism among traders. Airbnb, Inc. (ABNB) Rises Higher Than Market: Key Facts
• Neutral Sentiment: High retail and institutional interest — ABNB has been heavily searched and discussed recently, which can amplify intraday moves and volatility but doesn't itself change fundamentals. Investors Heavily Search Airbnb, Inc. (ABNB): Here is What You Need to Know
• Neutral Sentiment: Competition note — Booking Holdings completed a 25‑for‑1 split (separate company news). It may shift investor attention within travel stocks but doesn't directly change Airbnb's operations. 1 Reason I'd Buy Booking Holdings Stock and Never Sell
• Negative Sentiment: House Republicans launched a probe into U.S. companies' use of Chinese AI, naming Airbnb — potential regulatory scrutiny and data‑security concerns could weigh on sentiment if investigations advance. 'CAUSE FOR ALARM': Republicans probe Chinese AI use by US firms
• Negative Sentiment: Analyst previews warned Airbnb lacks the mix likely to produce an earnings beat in the upcoming report, raising the risk of a negative reaction around the print. Airbnb, Inc. (ABNB) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
• Negative Sentiment: WSJ profile: some hosts who invested heavily to prepare for World Cup demand report disappointing returns — points to uneven host economics and raises questions about supply-side responses and localized pricing power. Airbnb Hosts Prepped Their Homes for a World Cup Windfall. They're Still Waiting.

Airbnb Stock Performance

ABNB stock opened at $141.66 on Monday. The firm has a 50 day moving average price of $132.54 and a 200-day moving average price of $128.96. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $147.25. The firm has a market capitalization of $86.23 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 1.73 and a beta of 1.20.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The business had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter in the previous year, the business posted $0.73 earnings per share. Airbnb's revenue for the quarter was up 12.9% on a year-over-year basis. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.94 earnings per share for the current fiscal year.

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.

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