Key Points
- CEO Brian Chesky sold 62,764 Airbnb shares on June 2 at an average price of $134.00, totaling about $8.41 million. The sale reduced his ownership by just 0.57%, and several other recent insider sales were also disclosed.
- Airbnb’s latest quarter showed mixed results: revenue rose 17.9% year over year to $2.68 billion and topped estimates, but earnings per share came in below analyst expectations at $0.26 versus $0.31 expected.
- Wall Street remains broadly positive on ABNB, with analysts assigning an average “Moderate Buy” rating and a consensus price target of $157.67, above the recent trading price around $133.72.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CFO Elinor Mertz sold 7,433 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $136.24, for a total value of $1,012,671.92. Following the transaction, the chief financial officer owned 449,040 shares in the company, valued at approximately $61,177,209.60. This trade represents a 1.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Elinor Mertz also recently made the following trade(s):
- On Monday, May 4th, Elinor Mertz sold 3,750 shares of Airbnb stock. The stock was sold at an average price of $143.00, for a total value of $536,250.00.
- On Wednesday, April 8th, Elinor Mertz sold 3,750 shares of Airbnb stock. The stock was sold at an average price of $130.99, for a total value of $491,212.50.
Airbnb Price Performance
Shares of ABNB opened at $133.72 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $147.25. The stock has a market cap of $80.59 billion, a P/E ratio of 32.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16. The stock's 50-day moving average price is $134.28 and its two-hundred day moving average price is $130.63.
Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share 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 the consensus estimate of $2.62 billion. During the same quarter last year, the firm earned $0.24 EPS. The company's revenue for the quarter was up 17.9% on a year-over-year basis. On average, equities analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current year.
Analyst Upgrades and Downgrades
ABNB has been the topic of several recent analyst reports. Robert W. Baird set a $150.00 price objective on Airbnb in a report on Friday, May 8th. Mizuho lifted their price objective on Airbnb from $156.00 to $175.00 and gave the company an "outperform" rating in a report on Tuesday, March 3rd. Evercore reiterated an "outperform" rating on shares of Airbnb in a report on Friday, May 8th. Jefferies Financial Group set a $160.00 target price on Airbnb in a research note on Friday. Finally, Susquehanna boosted their target price on Airbnb from $150.00 to $170.00 and gave the company a "positive" rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Airbnb has a consensus rating of "Moderate Buy" and an average target price of $157.46.
View Our Latest Stock Report on Airbnb
Institutional Investors Weigh In On Airbnb
Several institutional investors have recently bought and sold shares of the company. Glenmede Trust Co. NA increased its position in shares of Airbnb by 0.3% during the 1st quarter. Glenmede Trust Co. NA now owns 124,185 shares of the company's stock worth $15,682,000 after purchasing an additional 331 shares during the last quarter. Wellington Grp LLC acquired a new position in shares of Airbnb during the 1st quarter worth approximately $48,000. Liontrust Investment Partners LLP increased its position in shares of Airbnb by 8.1% during the 1st quarter. Liontrust Investment Partners LLP now owns 77,227 shares of the company's stock worth $9,752,000 after purchasing an additional 5,806 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Airbnb during the 1st quarter worth approximately $34,000. Finally, Ariadne Wealth Management LP increased its position in shares of Airbnb by 35.8% during the 1st quarter. Ariadne Wealth Management LP now owns 3,636 shares of the company's stock worth $459,000 after purchasing an additional 958 shares during the last quarter. 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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