Tidal Investments LLC Cuts Position in Airbnb, Inc. $ABNB

Key Points

• Tidal Investments cut its Airbnb position by 92.2% in the second quarter, selling 418,932 shares and retaining 35,197 shares valued at approximately $5.04 million.
• Despite Tidal’s reduction, institutional investors own 80.76% of Airbnb, with several major funds—including California State Teachers Retirement System and AQR Capital Management—boosting their holdings.
• Airbnb reported better-than-expected quarterly results, with $1.37 in adjusted earnings per share and $3.61 billion in revenue, while analysts maintain a generally positive outlook with a consensus “Moderate Buy” rating and a $179.97 average price target.

Tidal Investments LLC trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 92.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,197 shares of the company's stock after selling 418,932 shares during the period. Tidal Investments LLC's holdings in Airbnb were worth $5,037,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. California State Teachers Retirement System lifted its stake in Airbnb by 13,162.3% during the 2nd quarter. California State Teachers Retirement System now owns 91,253,439 shares of the company's stock worth $13,058,367,000 after acquiring an additional 90,565,372 shares in the last quarter. Harris Associates L P grew 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 grew its position in Airbnb by 0.5% in 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 acquiring an additional 47,966 shares in the last quarter. AQR Capital Management LLC increased its stake in Airbnb by 58.4% during the fourth 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 during the period. Finally, Clearbridge Investments LLC increased its stake in Airbnb by 3.7% during 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 during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Analyst optimism supports the stock. Robert W. Baird forecast strong price appreciation, while Raymond James upgraded Airbnb to Outperform, signaling confidence in the company’s growth prospects and valuation. Robert W. Baird Forecasts Strong Price Appreciation for Airbnb Airbnb Raised to Outperform at Raymond James
• Positive Sentiment: Management highlighted artificial-intelligence advantages. CEO Brian Chesky said Airbnb is incorporating AI into its online infrastructure and is growing faster than competitors, potentially improving search, personalization, customer service and operating efficiency. Airbnb CEO Discusses AI and Growth
• Positive Sentiment: A bullish growth thesis is attracting attention. One market commentary argues that Airbnb’s anticipated “great growth cycle” may be underway, reinforcing the positive narrative around the company’s expansion and earnings potential. Airbnb Growth Cycle Commentary
• Neutral Sentiment: Investor attention has increased. Airbnb was among the stocks heavily searched on Zacks, which can raise visibility but does not by itself indicate stronger fundamentals or future returns. Investors Search Airbnb
• Neutral Sentiment: Short-interest data offers no meaningful signal. The reported figures show zero shares sold short and a zero-day days-to-cover ratio, suggesting the data may be incomplete or erroneous rather than indicating a genuine change in positioning.
• Negative Sentiment: Potential EU restrictions could pressure Airbnb’s business. Proposed European rules would create a common framework for housing measures and could enable tighter limits on short-term rentals. Additional restrictions may reduce listings, increase compliance costs and constrain revenue in an important market. The proposal still requires approval from EU governments and the European Parliament. Airbnb Faces Potential EU Restrictions

Insiders Place Their Bets

In other news, insider Nathan Blecharczyk sold 13,615 shares of the company's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $187.27, for a total transaction of $2,549,681.05. Following the completion of the transaction, the insider directly owned 20,567 shares of the company's stock, valued at approximately $3,851,582.09. This represents a 39.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 20,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $173.61, for a total value of $3,472,200.00. Following the completion of the transaction, the chief executive officer owned 5,854 shares in the company, valued at approximately $1,016,312.94. The trade was a 77.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,992,946 shares of company stock valued at $334,028,752 in the last ninety days. Insiders own 27.21% of the company's stock.

Airbnb Stock Performance

NASDAQ ABNB opened at $170.19 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $193.45. The stock has a market capitalization of $101.91 billion, a PE ratio of 38.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.16. The firm has a 50 day moving average of $165.60 and a two-hundred day moving average of $145.81.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.11. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The company's revenue was up 16.3% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. As a group, research analysts expect that Airbnb, Inc. will post 5.24 EPS for the current fiscal year.

Analysts Set New Price Targets

ABNB has been the subject of several recent research reports. Wedbush raised shares of Airbnb from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $152.00 to $200.00 in a research note on Friday, August 7th. Rosenblatt Securities assumed coverage on shares of Airbnb in a research note on Tuesday, September 1st. They set a "buy" rating and a $220.00 target price on the stock. CICC Research assumed coverage on shares of Airbnb in a report on Friday, June 5th. They set an "outperform" rating and a $165.00 target price on the stock. JPMorgan Chase & Co. raised their price target on shares of Airbnb from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Finally, Phillip Securities downgraded shares of Airbnb from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eleven have given a Hold rating and two have given 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 price target of $179.97.

About Airbnb

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and other service providers. Through its platform and mobile applications, users can search for, book and review a broad range of lodging options, including private homes, apartments, rooms and other distinctive properties.

The company also offers Airbnb Experiences, which enables guests to discover and book activities hosted by local experts. In addition, Airbnb has expanded into related travel services, including services designed to support hosts and help them manage listings, reservations and guest relationships.

Founded in 2008 by Brian Chesky, Joe Gebbia and Nathan Blecharczyk, Airbnb serves travelers and hosts across a broad international market, with listings and activities available in destinations around the world.

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