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Airbnb, Inc. (NASDAQ:ABNB – Get Free Report)’s stock price dropped 4% on Friday following insider selling activity. The company traded as low as $128.44 and last traded at $127.87. Approximately 3,744,045 shares changed hands during trading, a decline of 3% from the average daily volume of 3,874,864 shares. The stock had previously closed at $133.24.
Specifically, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $133.19, for a total value of $5,122,620.59. Following the transaction, the chief executive officer now owns 12,460,447 shares in the company, valued at approximately $1,659,606,935.93. This trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $135.47, for a total value of $94,829.00. Following the sale, the chief technology officer now owns 183,314 shares of the company’s stock, valued at $24,833,547.58. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Analysts Set New Price Targets
ABNB has been the subject of a number of research reports. Jefferies Financial Group boosted their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. UBS Group boosted their price objective on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Evercore ISI raised their target price on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Truist Financial decreased their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Finally, Robert W. Baird raised their price objective on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $139.63.
View Our Latest Stock Report on ABNB
Airbnb Stock Down 4.6 %
The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $80.57 billion, a P/E ratio of 44.59, a P/E/G ratio of 1.80 and a beta of 1.13. The stock has a fifty day moving average price of $133.97 and a two-hundred day moving average price of $131.39.
Airbnb (NASDAQ:ABNB – Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the firm earned $2.39 EPS. Research analysts forecast that Airbnb, Inc. will post 3.98 EPS for the current year.
Institutional Investors Weigh In On Airbnb
Institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. grew its holdings in shares of Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares during the last quarter. Meritage Group LP acquired a new position in Airbnb during the 3rd quarter valued at approximately $160,985,000. Edgewood Management LLC grew its stake in Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after buying an additional 1,143,464 shares during the last quarter. International Assets Investment Management LLC increased its position in Airbnb by 19,430.3% in the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after buying an additional 1,113,747 shares during the period. Finally, Temasek Holdings Private Ltd lifted its stake in Airbnb by 91.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after buying an additional 1,109,076 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.
About Airbnb
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.
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