Illinois Municipal Retirement Fund Sells 2,343 Shares of Airbnb, Inc. $ABNB

Illinois Municipal Retirement Fund trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 3.3% in the 2nd quarter, Holdings Channel reports. The fund owned 68,898 shares of the company’s stock after selling 2,343 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Airbnb were worth $9,118,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ABNB. Vanguard Group Inc. boosted its stake in Airbnb by 1.6% during the first quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company’s stock worth $4,475,286,000 after acquiring an additional 604,120 shares in the last quarter. Harris Associates L P lifted its holdings in shares of Airbnb by 86.0% during the first quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock valued at $1,188,024,000 after purchasing an additional 4,598,125 shares during the last quarter. Northern Trust Corp boosted its position in shares of Airbnb by 2.5% in the 1st quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock worth $525,979,000 after purchasing an additional 106,135 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Airbnb by 81.0% in the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after purchasing an additional 1,916,676 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Airbnb by 19.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,157,884 shares of the company’s stock worth $377,241,000 after buying an additional 521,752 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Nathan Blecharczyk sold 2,246 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total value of $281,199.20. Following the transaction, the insider directly owned 182,514 shares in the company, valued at $22,850,752.80. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Elinor Mertz sold 12,184 shares of Airbnb stock in a transaction on Friday, October 24th. The stock was sold at an average price of $127.65, for a total value of $1,555,287.60. Following the completion of the sale, the chief financial officer directly owned 444,070 shares of the company’s stock, valued at $56,685,535.50. The trade was a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,446,760 shares of company stock valued at $179,726,429 in the last ninety days. 27.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on ABNB. UBS Group lifted their price objective on Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Company raised their price target on Airbnb from $110.00 to $111.00 and gave the company an “underweight” rating in a report on Friday, November 7th. Royal Bank Of Canada upped their price target on shares of Airbnb from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Finally, BNP Paribas raised Airbnb to a “hold” rating in a research report on Wednesday, July 16th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $143.31.

Airbnb Stock Up 1.9%

Shares of ABNB stock opened at $122.53 on Wednesday. The company has a 50 day moving average price of $123.59 and a 200-day moving average price of $128.86. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The firm has a market capitalization of $76.15 billion, a PE ratio of 29.10, a P/E/G ratio of 2.11 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the company earned $2.13 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Airbnb has set its Q4 2025 guidance at EPS. Analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.