Key Points
- Brian Chesky sold 51,230 shares on Dec. 15 at an average price of $131.16 for $6.72M, reducing his position by 52.77% and leaving him with 45,854 shares (≈$6.01M).
- Airbnb reported Q3 EPS of $2.21 (missing estimates by $0.10) while revenue rose 9.9% to $4.10B; the stock trades near $132 with a consensus “Hold” rating and an average price target of $144.85.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle Balogh sold 650 shares of the firm's stock in a transaction on Friday, December 12th. The shares were sold at an average price of $128.93, for a total value of $83,804.50. Following the completion of the transaction, the chief technology officer owned 169,511 shares in the company, valued at $21,855,053.23. The trade was a 0.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Airbnb Stock Up 0.2%
Airbnb stock opened at $132.01 on Wednesday. The company has a fifty day simple moving average of $122.46 and a 200-day simple moving average of $127.45. The firm has a market capitalization of $81.26 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 2.32 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 posted its quarterly 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 for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm posted $2.13 earnings per share. The business's revenue was up 9.9% compared to the same quarter last year. On average, research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.
Institutional Investors 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 purchased a new position in shares of Airbnb during the 2nd quarter worth $25,000. Aster Capital Management DIFC Ltd purchased a new stake in Airbnb in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its position 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 valued at $26,000 after buying an additional 83 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company's stock worth $27,000 after buying an additional 175 shares during the period. Finally, Wiser Advisor Group LLC acquired a new stake in shares of Airbnb during the third quarter valued at about $27,000. Institutional investors and hedge funds own 80.76% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on ABNB. Mizuho set a $156.00 price target on Airbnb in a research report on Friday, November 7th. Royal Bank Of Canada raised Airbnb from a "sector perform" rating to an "outperform" rating and set a $170.00 price objective on the stock in a research note on Wednesday. Sanford C. Bernstein restated an "outperform" rating and issued a $165.00 target price on shares of Airbnb in a report on Friday, November 7th. UBS Group lifted their price target on Airbnb from $145.00 to $147.00 and gave the stock a "neutral" rating in a report on Friday, November 7th. Finally, DA Davidson reissued a "buy" rating and set a $155.00 price target on shares of Airbnb in a research report on Friday, December 5th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have given a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $144.85.
Get Our Latest Stock Analysis on Airbnb
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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