Key Points
- Airbnb CTO Aristotle Balogh sold 650 shares on Dec. 5 at an average price of $120.92 for a total of $78,598, trimming his stake by 0.35% to 187,036 shares (worth about $22.62M).
- Airbnb reported Q3 EPS of $2.21, missing consensus of $2.31, while revenue was $4.10 billion (beating the $4.08 billion estimate) and up 9.9% year-over-year.
- Analysts have a consensus rating of "Hold" with a $143.88 target; the stock trades at a market cap of $77.18B and a P/E of 29.78, and institutional investors own roughly 80.8% of the shares.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle Balogh sold 650 shares of the business's stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $120.92, for a total value of $78,598.00. Following the sale, the chief technology officer owned 187,036 shares of the company's stock, valued at $22,616,393.12. The trade was a 0.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Airbnb Stock Up 2.8%
Shares of ABNB opened at $125.39 on Wednesday. The firm's fifty day moving average is $121.59 and its two-hundred day moving average is $127.40. The stock has a market cap of $77.18 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.11. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.
Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results 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 analysts' expectations of $4.08 billion. During the same period last year, the business earned $2.13 earnings per share. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.
Hedge Funds Weigh In On Airbnb
Large investors have recently bought and sold shares of the stock. Harris Associates L P increased its position in Airbnb by 86.0% during the first quarter. Harris Associates L P now owns 9,944,948 shares of the company's stock worth $1,188,024,000 after buying an additional 4,598,125 shares during the period. Independent Franchise Partners LLP acquired a new position in Airbnb in the third quarter valued at $505,672,000. Norges Bank purchased a new stake in shares of Airbnb in the second quarter valued at about $483,644,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Airbnb by 453.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company's stock valued at $403,782,000 after buying an additional 2,724,682 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Airbnb by 81.0% during the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company's stock worth $500,755,000 after buying an additional 1,916,676 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.
Analyst Ratings Changes
ABNB has been the topic of several analyst reports. Sanford C. Bernstein reiterated an "outperform" rating and set a $165.00 price target on shares of Airbnb in a report on Friday, November 7th. Wells Fargo & Company boosted their target price on shares of Airbnb from $111.00 to $118.00 and gave the company an "underweight" rating in a report on Monday, December 1st. Zacks Research raised shares of Airbnb to a "hold" rating in a research note on Tuesday, August 12th. KeyCorp assumed coverage on Airbnb in a report on Thursday, October 23rd. They issued a "sector weight" rating on the stock. Finally, Truist Financial increased their price objective on Airbnb from $104.00 to $107.00 and gave the stock a "sell" rating in a research report on Thursday, December 4th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $143.88.
Read Our Latest Stock Report on ABNB
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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