Key Points
- Airbnb insider Nathan Blecharczyk sold 60,136 shares on May 8 at an average price of $145.70, totaling about $8.76 million. After the sale, his ownership fell by 83.46% to 11,920 shares.
- Airbnb’s latest earnings topped revenue expectations but missed on profit, reporting $2.68 billion in revenue versus $2.62 billion expected, while EPS came in at $0.26 versus the $0.31 consensus. Revenue still rose 17.9% year over year.
- Analysts remain broadly positive on ABNB, with multiple firms raising price targets and the consensus rating sitting at “Moderate Buy.” MarketBeat data shows a consensus price target of $157.67, above the stock’s recent trading level.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) insider Nathan Blecharczyk sold 627 shares of the business's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $145.67, for a total value of $91,335.09. Following the transaction, the insider owned 11,920 shares of the company's stock, valued at $1,736,386.40. This trade represents a 5.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Nathan Blecharczyk also recently made the following trade(s):
- On Friday, May 8th, Nathan Blecharczyk sold 60,136 shares of Airbnb stock. The stock was sold at an average price of $145.70, for a total value of $8,761,815.20.
- On Wednesday, April 22nd, Nathan Blecharczyk sold 24,788 shares of Airbnb stock. The shares were sold at an average price of $145.86, for a total value of $3,615,577.68.
- On Tuesday, April 21st, Nathan Blecharczyk sold 10,777 shares of Airbnb stock. The stock was sold at an average price of $145.25, for a total transaction of $1,565,359.25.
- On Friday, February 20th, Nathan Blecharczyk sold 4,260 shares of Airbnb stock. The shares were sold at an average price of $125.29, for a total transaction of $533,735.40.
Airbnb Stock Down 1.1%
Airbnb stock opened at $135.48 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The firm has a market cap of $82.47 billion, a P/E ratio of 33.37, a P/E/G ratio of 1.47 and a beta of 1.20. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $147.25. The business has a fifty day moving average of $133.61 and a two-hundred day moving average of $129.51.
Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.62 billion. During the same quarter in the prior year, the company posted $0.24 EPS. The business's revenue for the quarter was up 17.9% on a year-over-year basis. On average, analysts forecast that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.
Analysts Set New Price Targets
ABNB has been the subject of several recent research reports. Citizens Jmp lifted their target price on shares of Airbnb from $160.00 to $170.00 and gave the company a "market outperform" rating in a report on Friday, May 8th. Oppenheimer upgraded Airbnb from a "market perform" rating to an "outperform" rating and set a $180.00 price target for the company in a research note on Monday, May 4th. Citigroup reiterated an "outperform" rating on shares of Airbnb in a research report on Friday. Robert W. Baird set a $150.00 price target on shares of Airbnb in a research note on Friday. Finally, HSBC lowered shares of Airbnb from a "hold" rating to a "hold" rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Airbnb currently has an average rating of "Moderate Buy" and an average target price of $157.67.
Get Our Latest Stock Report on ABNB
Airbnb News Roundup
Here are the key news stories impacting Airbnb this week:
Institutional Trading of Airbnb
Large investors have recently modified their holdings of the stock. Transamerica Financial Advisors LLC raised its holdings in shares of Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company's stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. ORG Partners LLC increased its holdings in shares of Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company's stock valued at $26,000 after acquiring an additional 96 shares during the period. Entrust Financial LLC acquired a new position in Airbnb in the fourth quarter valued at $27,000. Aster Capital Management DIFC Ltd acquired a new position in Airbnb in the 3rd quarter valued at about $25,000. Finally, Aventura Private Wealth LLC acquired a new position in shares of Airbnb in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 80.76% of the company's stock.
About Airbnb
(
Get Free Report)
Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company's core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.
Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.
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