Key Points
- Airbnb CTO Aristotle Balogh sold 549 shares on December 1 at an average price of $116.04 for a total of $63,705.96, reducing his stake by 0.29% to 187,686 shares (about $21.78M) — the sale was disclosed in an SEC filing.
- Airbnb missed Q3 EPS (reported $2.21 vs. $2.31 expected) though revenue slightly beat at $4.10 billion, and analysts hold a consensus rating of Hold with an average target price of $143.58.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle Balogh sold 549 shares of the firm's stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $116.04, for a total transaction of $63,705.96. Following the completion of the sale, the chief technology officer owned 187,686 shares of the company's stock, valued at approximately $21,779,083.44. This trade represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Airbnb Trading Down 0.3%
Shares of ABNB stock opened at $118.50 on Wednesday. The business's fifty day simple moving average is $121.60 and its 200-day simple moving average is $127.67. The company has a market cap of $72.94 billion, a PE ratio of 28.15, a PEG ratio of 2.09 and a beta of 1.11. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93.
Airbnb (NASDAQ:ABNB - Get Free Report) last posted 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 return on equity of 32.14% and a net margin of 22.03%.The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business earned $2.13 EPS. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on ABNB shares. Zacks Research upgraded Airbnb to a "hold" rating in a research note on Tuesday, August 12th. Weiss Ratings reissued a "hold (c)" rating on shares of Airbnb in a research report on Wednesday, October 8th. DA Davidson set a $155.00 price target on shares of Airbnb in a research note on Friday, November 14th. KeyCorp began coverage on shares of Airbnb in a research note on Thursday, October 23rd. They set a "sector weight" rating for the company. Finally, Citizens Jmp raised shares of Airbnb to a "hold" rating in a report on Monday, August 11th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Airbnb has a consensus rating of "Hold" and an average target price of $143.58.
Read Our Latest Analysis on ABNB
Institutional Trading of Airbnb
A number of hedge funds and other institutional investors have recently made changes to their positions in ABNB. DDD Partners LLC boosted its holdings in Airbnb by 3.9% in the second quarter. DDD Partners LLC now owns 2,041 shares of the company's stock valued at $270,000 after purchasing an additional 76 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Airbnb by 1.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company's stock valued at $604,000 after buying an additional 78 shares during the period. Harbour Investments Inc. boosted its stake in shares of Airbnb by 12.2% in the first quarter. Harbour Investments Inc. now owns 738 shares of the company's stock worth $88,000 after buying an additional 80 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company's stock worth $26,000 after acquiring an additional 83 shares during the period. Finally, SBI Securities Co. Ltd. grew its holdings in Airbnb by 0.8% during the second quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company's stock worth $1,396,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.
Airbnb Company Profile
(
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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