California State Teachers Retirement System 13F: Cuts ABNB Stake by $1.9M
The California State Teachers Retirement System trimmed its stake in Airbnb, Inc., reducing its holdings by about 12,728 shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
California State Teachers Retirement System sold 12,728 shares from its stake in Airbnb, Inc. ($ABNB), a 1.82% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 688,067 shares worth $101.01 million at the end of the quarter.
Since the filing, $ABNB is down 1.2% after 1 week, up 4.7% after 1 month and up 29.3% to date (from the $134.30 close on May 18, 2026).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
ABNB
Airbnb, Inc.
Key Points
- California State Teachers Retirement System trimmed its position in Airbnb, Inc. (ABNB) by 12,728 shares, bringing its total to 688,067 shares valued at approximately $101 million as of May 18, 2026.
- Airbnb's stock was trading at $146.80 on the day this news was published, down from a previous close of $167.06, reflecting a challenging market environment.
- Analysts have a consensus rating of buy for Airbnb, setting a mean price target of $183.15, suggesting optimism about the company's future performance.
Get $ABNB trade alerts by text
We text you when insiders, Congress or big funds trade $ABNB. Free.
Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Airbnb, Inc. alert may contain errors. Disclosures
California State Teachers Retirement System Cuts Airbnb Stake
The California State Teachers Retirement System trimmed its position in Airbnb, Inc. (ABNB) by 12,728 shares, reducing its total holdings to 688,067 shares valued at approximately $101 million as of May 18, 2026. This change was reported in the latest Form 13F filing with the SEC.
What Changed in the Position
The fund's holdings decreased from 700,795 shares to 688,067 shares, marking a 1.8% reduction. This change reflects the fund's ongoing adjustment in its investment strategy.
Institutional Activity
No other funds reported changes in their positions in Airbnb, Inc. during this filing period.
How Airbnb, Inc. Stock Has Traded
Airbnb shares traded at $146.80 on the published date, which is below its 52-week high of $193.45. The stock has seen fluctuations, and the recent trimming of shares by a significant investor may indicate a cautious approach amid these market changes.
Recent Earnings
For the fiscal year, Airbnb reported revenues of approximately $13.16 billion, with a revenue growth rate of 16.5%. The company's earnings per share stood at $4.39, reflecting a net margin of 20.45%. The next earnings report is expected on November 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
12 analysts raised price targets.
-
EPS & revenue
EPS missed estimates by 11.9%. Revenue met estimates.
-
Profit surprise
EBITDA missed by 83 percent. Operating income beat by 2 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
1 upgrade, 12 target raises.
-
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.
Recently, Nathan Blecharczyk, Airbnb's Chief Strategy Officer, bought shares on June 24 and June 26, acquiring 88,366 shares and 96,263 shares respectively. These transactions highlight continued insider confidence in the company's future prospects despite the recent market adjustments.
Analysts Set New Price Targets
Analysts maintain a positive outlook on Airbnb. On October 7, 2026, Wells Fargo maintained an Overweight rating with a price target of $185. Keybanc upgraded its rating to Overweight with a target of $191 on October 2, 2026. The consensus among analysts is a buy, with a mean price target of $183.15.
What Airbnb, Inc. Does
Airbnb, Inc. operates a platform that connects hosts and guests for stays and experiences worldwide. The company's marketplace has grown significantly since its founding in 2007, and its recent adjustments by major investors signal a dynamic market environment.
What's Ahead for Airbnb, Inc.
Investors will want to keep an eye on Airbnb's upcoming earnings report on November 5, 2026, and any further insider transactions. The recent Form 13F filing reflects holdings as of May 18, 2026, and may not represent the current position of the California State Teachers Retirement System.
Related Filing Alerts
Source: California State Teachers Retirement System's 13F filing on $ABNB (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: California State Teachers Retirement System 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts