Praxis Investment Management Inc. Purchases Shares of 10,831 Airbnb, Inc. $ABNB

Key Points

• Praxis Investment Management bought a new stake of 10,831 shares of Airbnb in Q4, valued at about $1.47 million, joining other large institutional holders that collectively own roughly 80.76% of the stock (Vanguard holds ~38.3M shares).
• Several analysts have upgraded ABNB recently (including Raymond James, Oppenheimer and Citizens), and the consensus rating is a Moderate Buy with a $153 average target price.
• Notable insider selling occurred—Director Joseph Gebbia sold 58,000 shares and co‑founder Nathan Blecharczyk sold 24,788 shares—with insiders offloading 457,075 shares (~$60.36M) in the last quarter, though insiders still own 27.21% of the company.

Praxis Investment Management Inc. purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,831 shares of the company's stock, valued at approximately $1,470,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Airbnb by 1.7% in the third quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company's stock valued at $4,649,814,000 after buying an additional 649,323 shares in the last quarter. Harris Associates L P increased its position in shares of Airbnb by 43.2% in the second quarter. Harris Associates L P now owns 14,237,331 shares of the company's stock valued at $1,884,168,000 after buying an additional 4,292,383 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Airbnb by 58.6% in the third quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company's stock valued at $518,456,000 after buying an additional 1,577,338 shares in the last quarter. Independent Franchise Partners LLP purchased a new stake in shares of Airbnb in the third quarter valued at approximately $505,672,000. Finally, Akre Capital Management LLC increased its position in shares of Airbnb by 19.0% in the second quarter. Akre Capital Management LLC now owns 3,473,243 shares of the company's stock valued at $459,649,000 after buying an additional 555,510 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Raymond James Financial upgraded Airbnb from a "market perform" rating to a "strong-buy" rating in a research report on Monday. Citizens Jmp raised Airbnb from a "market perform" rating to an "outperform" rating and set a $160.00 price target on the stock in a research note on Wednesday, February 4th. Oppenheimer raised Airbnb from a "market perform" rating to an "outperform" rating and set a $180.00 price target on the stock in a research note on Monday. Benchmark decreased their price target on Airbnb from $155.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. Finally, Scotiabank assumed coverage on Airbnb in a research note on Monday. They set an "outperform" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.00.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 58,000 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $126.16, for a total value of $7,317,280.00. Following the transaction, the director owned 170,015 shares in the company, valued at approximately $21,449,092.40. This represents a 25.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathan Blecharczyk sold 24,788 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $145.86, for a total value of $3,615,577.68. Following the completion of the transaction, the insider owned 11,920 shares in the company, valued at approximately $1,738,651.20. The trade was a 67.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 457,075 shares of company stock worth $60,358,795. Company insiders own 27.21% of the company's stock.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Evercore ISI reaffirmed a buy stance on ABNB, providing institutional-level support ahead of earnings. Evercore ISI Sticks to Its Buy Rating for Airbnb (ABNB)
• Positive Sentiment: Oppenheimer upgraded Airbnb, raising analyst attention and pushing some upside expectations for the stock. Oppenheimer upgrades Airbnb (ABNB)
• Positive Sentiment: Options-market flow shows traders are positioned for upside around the Q1 report, implying expectations for a positive post-earnings move. Ahead of Airbnb Earnings, Here Is What Barchart Options Data Shows for ABNB Stock
• Neutral Sentiment: Coverage pieces previewing Q1 (revenue, GBV, AI initiatives) are increasing attention but contain mixed signals; they frame what metrics will move the stock after results. Airbnb: At $140 Into Q1 Earnings I Would Sell
• Neutral Sentiment: General earnings previews and calendar mentions (including CNBC/Yahoo previews) keep ABNB in focus with market-wide macro and Fed commentary that could influence reaction to results. McDonald's earnings, Fed commentary, labor data: What to Watch
• Neutral Sentiment: CEO Brian Chesky's comments that "people managers" may become obsolete as AI advances have drawn attention to Airbnb's AI strategy — potentially positive for long-term efficiency but uncertain for near-term execution and culture. Airbnb CEO says he doesn't think people managers 'will have any value in the future'
• Negative Sentiment: Director Joseph Gebbia sold 58,000 shares (~$8.14M) on May 4, cutting his stake materially — a large insider sale that can be viewed negatively by investors. SEC filing: Joseph Gebbia sale
• Negative Sentiment: CFO Elinor Mertz also sold 3,750 shares (~$536k), a smaller but notable insider transaction disclosed in SEC filings. SEC filing: Elinor Mertz sale
• Negative Sentiment: A recent opinion piece recommended selling ABNB into earnings, reflecting some analyst/sentiment skepticism that could pressure the stock if results disappoint. Airbnb: At $140 Into Q1 Earnings I Would Sell

Airbnb Stock Performance

ABNB opened at $139.88 on Thursday. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.25. The company has a market cap of $85.15 billion, a P/E ratio of 34.62, a PEG ratio of 1.70 and a beta of 1.20. The business's 50-day simple moving average is $133.12 and its 200-day simple moving average is $129.19.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter in the previous year, the company posted $0.73 EPS. The company's revenue was up 12.9% compared to the same quarter last year. As a group, analysts predict that Airbnb, Inc. will post 4.95 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.

Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.