Key Points
- Airbnb CAO David Bernstein sold 1,489 shares for approximately $251,537 at an average price of $168.93, reducing his direct ownership by 3.07% to 47,024 shares.
- Airbnb’s latest quarterly results exceeded expectations, with EPS of $1.37 versus $1.26 expected and revenue of $3.61 billion, up 16.3% year over year.
- Analyst sentiment remains generally positive, with a “Moderate Buy” consensus rating and an average price target of $181.42, while institutional investors own 80.76% of the company.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CAO David Bernstein sold 1,489 shares of Airbnb stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $168.93, for a total transaction of $251,536.77. Following the transaction, the chief accounting officer directly owned 47,024 shares of the company's stock, valued at $7,943,764.32. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Airbnb Stock Performance
Shares of NASDAQ:ABNB opened at $165.93 on Friday. The company has a market capitalization of $99.36 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 1.93 and a beta of 1.16. The firm's 50-day moving average is $167.32 and its 200 day moving average is $146.81. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $193.45. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32.
Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.11. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.Airbnb's quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. Research analysts predict that Airbnb, Inc. will post 5.24 EPS for the current year.
Institutional Trading of Airbnb
Institutional investors have recently bought and sold shares of the stock. North Star Asset Management Inc. increased its position in shares of Airbnb by 13.4% during the fourth quarter. North Star Asset Management Inc. now owns 78,564 shares of the company's stock valued at $10,663,000 after acquiring an additional 9,294 shares during the last quarter. Carmignac Gestion lifted its holdings in shares of Airbnb by 40.8% in the 1st quarter. Carmignac Gestion now owns 659,570 shares of the company's stock worth $83,290,000 after acquiring an additional 191,200 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in shares of Airbnb by 21.7% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 42,696 shares of the company's stock worth $5,392,000 after acquiring an additional 7,613 shares during the last quarter. Markel Group Inc. boosted its position in shares of Airbnb by 5.8% during the 4th quarter. Markel Group Inc. now owns 240,289 shares of the company's stock worth $32,612,000 after purchasing an additional 13,156 shares during the period. Finally, Natixis Advisors LLC increased its holdings in Airbnb by 6.6% in the 4th quarter. Natixis Advisors LLC now owns 130,744 shares of the company's stock valued at $17,745,000 after purchasing an additional 8,120 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Airbnb
Here are the key news stories impacting Airbnb this week:
- Positive Sentiment: TD Cowen upgraded Airbnb to “Strong Buy,” adding to the generally favorable analyst view of the stock. Airbnb’s consensus rating remains “Moderate Buy,” with a consensus price target of approximately $181.42. Zacks Airbnb value analysis
- Positive Sentiment: Airbnb’s latest reported quarter showed adjusted earnings of $1.37 per share versus the $1.26 estimate, while revenue of $3.61 billion exceeded expectations and rose 16.3% year over year. The results reinforce the company’s underlying growth and profitability. Airbnb Q2 earnings performance
- Positive Sentiment: The company announced an initial $250 million affordable-housing fund, beginning with a $6.4 million investment supporting 201 units in Austin, Texas. The initiative could improve Airbnb’s relationship with regulators and address criticism that short-term rentals worsen housing affordability. Airbnb affordable housing fund
- Neutral Sentiment: Morgan Stanley initiated coverage with a $170 price target, implying only modest upside from recent levels. Truist maintained its Hold rating, reflecting mixed near-term conviction among analysts. Morgan Stanley Airbnb coverage
- Negative Sentiment: Co-founder Nathan Blecharczyk sold 13,615 shares worth about $2.35 million, cutting his direct ownership by 39.8%. Chief Accounting Officer David Bernstein separately sold 1,489 shares for roughly $252,000. The transactions may weigh on sentiment, particularly given Blecharczyk’s repeated recent sales. Airbnb insider selling report
Wall Street Analyst Weigh In
ABNB has been the topic of a number of recent research reports. Wedbush raised Airbnb from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $152.00 to $200.00 in a research report on Friday, August 7th. UBS Group raised their target price on shares of Airbnb from $163.00 to $172.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Susquehanna upped their price target on shares of Airbnb from $170.00 to $200.00 and gave the stock a "positive" rating in a research report on Friday, August 7th. Canaccord Genuity Group set a $200.00 price objective on shares of Airbnb in a research note on Friday, August 7th. Finally, BMO Capital Markets lifted their price objective on shares of Airbnb from $146.00 to $165.00 and gave the company a "market perform" rating in a report on Monday, August 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $181.42.
Read Our Latest Stock Report on Airbnb
Airbnb Company Profile
(
Get Free Report)
Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and other service providers. Through its platform and mobile applications, users can search for, book and review a broad range of lodging options, including private homes, apartments, rooms and other distinctive properties.
The company also offers Airbnb Experiences, which enables guests to discover and book activities hosted by local experts. In addition, Airbnb has expanded into related travel services, including services designed to support hosts and help them manage listings, reservations and guest relationships.
Founded in 2008 by Brian Chesky, Joe Gebbia and Nathan Blecharczyk, Airbnb serves travelers and hosts across a broad international market, with listings and activities available in destinations around the world.
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