Gotham Asset Management Reduces $24M in Airbnb, Inc. ($ABNB)
The fund reduced its position in Airbnb, Inc., cutting shares to 621,275 in the latest 13F filing.
Key Points
- Gotham Asset Management reduced its Airbnb stake by 162,279 shares, or 20.7%, leaving it with 621,275 shares valued at $81.3 million.
- Airbnb shares trade near $130.87 with a market cap of $78.5 billion, a P/E ratio of 32.74, and a 52-week range of $110.81 to $147.25.
- Analysts recently maintained various ratings with price targets ranging from $125 to $175, reflecting differing views on Airbnb's future performance.
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Gotham Asset Management has trimmed its stake in Airbnb, Inc. (NasdaqGS: ABNB), reducing its holdings by 162,279 shares. The fund now holds 621,275 shares, representing a 20.7% decrease in its position. As of the latest 13F filing, this stake is valued at approximately $81.3 million.
What Changed in Gotham Asset Management's Airbnb Position
Gotham Asset Management cut its Airbnb holdings by 20.7%, dropping from 783,554 shares to 621,275 shares. This reduction involved shedding 162,279 shares. The value of its current position stands at about $81.3 million.
Other Institutional Activity in Airbnb
Other major funds have also been active in Airbnb. BlackRock, Inc. increased its holdings by 438,601 shares, ending with 31,943,327 shares worth about $4.03 billion. Vanguard Capital Management LLC maintained its position with 26,133,940 shares valued at $3.30 billion. Harris Associates L.P. added 467,827 shares, bringing its total to 19,162,235 shares valued at $2.42 billion. Conversely, State Street Corp reduced its stake by 189,352 shares, now holding 17,733,208 shares valued at $2.24 billion. Morgan Stanley cut its position significantly by 2,808,700 shares, leaving it with 10,426,161 shares worth $1.32 billion.
Airbnb, Inc. Stock Down 22.5%
Shares of Airbnb, Inc. (NasdaqGS: ABNB) are currently trading around $130.87. The company boasts a market cap of approximately $78.5 billion and a P/E ratio of 32.74, indicating investor expectations of future growth. The stock's 52-week range spans from $110.81 to $147.25. It has a 50-day moving average of $135.23 and a 200-day moving average of $128.91. The company's current ratio is 1.44, with a quick ratio of 0.75 and a debt-to-equity ratio of 33.19.
$ABNB stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Airbnb reported revenue of $12.65 billion, with a revenue growth rate of 17.9%. The company achieved a net margin of 19.9% and a return on equity of 32.3%. The next earnings report is expected on May 7, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
12 analysts raised price targets.
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EPS & revenue
EPS missed estimates by 11.9%. Revenue met estimates.
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Profit surprise
EBITDA missed by 83 percent. Operating income beat by 2 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 12 target raises.
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Earnings quality
Gross margin up 0.6 points. Operating margin up 1.5 points. Positive free cash flow.
Earnings Call Summary
Airbnb delivered a strong quarter with $2.678 billion in revenue, up 18 percent year over year, beating guidance. Gross booking value grew 19 percent and nights booked accelerated, though there was a 100 basis point headwind from Middle East conflict. The company is driving growth through Reserve Now Pay Later, which now represents 20 percent of bookings, app improvements that drove 22 percent app nights growth, and new initiatives like hotels and experiences. Management highlighted that nearly 60 percent of engineering code is now written with AI assistance, doubling the industry average.
Guidance Airbnb raised full year revenue growth outlook to low to mid-teens percent. For the next quarter, they guided $3.54 billion to $3.6 billion in revenue, representing 14 to 16 percent growth year over year. They expect adjusted EBITDA margin to be at least 35 percent for the full year.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Insider Buying and Selling at Airbnb, Inc.
There has been notable insider activity at Airbnb. CEO and Chairman Brian Chesky sold shares on several occasions in early June 2026, including 4,195 shares at $135.71 on June 9, 37,704 shares at $135.33 on June 8, and 16,515 shares at $135.17 on June 5. These sales were part of planned transactions. Additionally, CFO Elinor Mertz sold 7,433 shares at $136.24 on June 2.
Analysts Set New Price Targets
Analysts have recently weighed in on Airbnb. On June 5, 2026, CICC initiated coverage with a 'buy' rating and a $165 price target. DA Davidson maintained a 'buy' rating with a $162 target on May 11, while Barclays kept a 'hold' rating with a $125 target. UBS and Benchmark also maintained their ratings with targets of $157 and $160, respectively. The consensus among 37 analysts is a 'buy' recommendation, with a mean price target of $156.34.
About Airbnb, Inc.
Airbnb, Inc. operates a global online platform connecting hosts with guests seeking accommodations, experiences, and services. Founded in 2007 and headquartered in San Francisco, California, the company is led by CEO Brian Chesky. It offers a marketplace for booking spaces and experiences via web or mobile applications. With a focus on travel services, Airbnb employs around 8,200 people.
Bottom Line
Gotham Asset Management's reduction in Airbnb shares highlights ongoing adjustments in institutional portfolios. Investors often track such 13F filings to gauge fund sentiment, though these are backward-looking and may not reflect current positions. As Airbnb continues to navigate market dynamics, its financial performance and strategic decisions remain key areas of focus for stakeholders.
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