Key Points
- Airbnb's Chief Accounting Officer, David C. Bernstein, sold 5,000 shares at an average price of $142.00, totaling $710,000, marking a 10.50% decrease in his stock holdings.
- The company's stock recently opened at $142.16, with a market cap of $89.05 billion, and analysts expect 4.31 earnings per share for the current year.
- Recent analyst ratings include a downgrade from $200.00 to $150.00 by Susquehanna, with a consensus rating of "Hold" among research analysts.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $139.39, for a total transaction of $83,634.00. Following the completion of the sale, the chief technology officer directly owned 209,777 shares of the company's stock, valued at $29,240,816.03. The trade was a 0.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Airbnb Trading Up 0.6%
Shares of NASDAQ:ABNB opened at $142.16 on Tuesday. The firm has a market cap of $89.05 billion, a price-to-earnings ratio of 35.90, a P/E/G ratio of 2.64 and a beta of 1.13. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The business has a fifty day simple moving average of $134.77 and a 200 day simple moving average of $131.13.
Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a return on equity of 30.91% and a net margin of 22.60%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. On average, sell-side analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.
Hedge Funds Weigh In On Airbnb
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kentucky Trust Co bought a new stake in Airbnb in the second quarter worth approximately $25,000. Park Square Financial Group LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Airbnb by 70.9% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company's stock worth $26,000 after purchasing an additional 83 shares in the last quarter. Orion Capital Management LLC acquired a new position in Airbnb during the fourth quarter worth $28,000. Finally, Concord Wealth Partners acquired a new position in Airbnb during the second quarter worth $28,000. Institutional investors own 80.76% of the company's stock.
Wall Street Analyst Weigh In
ABNB has been the subject of several recent research reports. Piper Sandler cut their target price on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Phillip Securities downgraded Airbnb from a "hold" rating to a "moderate sell" rating in a research report on Friday, May 9th. DA Davidson raised Airbnb from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $170.00 to $155.00 in a research note on Wednesday, April 30th. B. Riley cut their target price on Airbnb from $145.00 to $140.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Finally, Morgan Stanley upped their target price on Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a report on Monday, July 21st. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Airbnb has an average rating of "Hold" and an average price target of $142.10.
Read Our Latest Research Report on ABNB
About Airbnb
(
Get Free Report)
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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