Key Points
- Airbnb CAO David Bernstein sold 1,369 shares for approximately $230,006 at an average price of $168.01, reducing his ownership by 2.91% while retaining 45,655 shares.
- Airbnb reported quarterly earnings of $1.37 per share, beating estimates by $0.11, while revenue rose 16.3% year over year to $3.61 billion.
- Analysts maintain a “Moderate Buy” consensus rating with an average price target of $181.93, and institutional investors own approximately 80.76% of the company.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CAO David Bernstein sold 1,369 shares of Airbnb stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $168.01, for a total transaction of $230,005.69. Following the transaction, the chief accounting officer owned 45,655 shares of the company's stock, valued at $7,670,496.55. This represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Airbnb Trading Up 1.0%
ABNB opened at $175.46 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.41. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $193.45. The firm has a market capitalization of $105.06 billion, a PE ratio of 39.88, a P/E/G ratio of 1.99 and a beta of 1.24. The company's 50-day moving average is $172.69 and its 200 day moving average is $151.81.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.11. The business had revenue of $3.61 billion for the quarter, compared to analysts' expectations of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The firm's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. As a group, research analysts predict that Airbnb, Inc. will post 5.28 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on ABNB. The Goldman Sachs Group upgraded Airbnb from a "sell" rating to a "neutral" rating in a report on Friday, October 2nd. Citigroup reiterated a "market outperform" rating on shares of Airbnb in a report on Friday, September 18th. B. Riley Financial reissued a "buy" rating and issued a $210.00 price target (up from $180.00) on shares of Airbnb in a research report on Friday, August 7th. Weiss Ratings raised Airbnb from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Finally, Morgan Stanley initiated coverage on shares of Airbnb in a research note on Wednesday, September 16th. They issued an "equal weight" rating and a $170.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $181.93.
Check Out Our Latest Research Report on ABNB
Hedge Funds Weigh In On Airbnb
A number of hedge funds and other institutional investors have recently modified their holdings of ABNB. Wellington Management Group LLP lifted its holdings in Airbnb by 80.6% during the second quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company's stock worth $827,929,000 after acquiring an additional 2,581,539 shares during the period. Amundi grew its stake in Airbnb by 8.6% in the 1st quarter. Amundi now owns 4,686,765 shares of the company's stock valued at $591,845,000 after purchasing an additional 370,426 shares during the period. Assenagon Asset Management S.A. grew its stake in Airbnb by 114.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,401,521 shares of the company's stock valued at $546,454,000 after purchasing an additional 1,816,522 shares during the period. Jennison Associates LLC increased its position in shares of Airbnb by 9,331.0% during the 1st quarter. Jennison Associates LLC now owns 3,172,959 shares of the company's stock valued at $400,681,000 after purchasing an additional 3,139,315 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Airbnb by 2.5% during the 1st quarter. Pacer Advisors Inc. now owns 2,325,214 shares of the company's stock valued at $293,628,000 after purchasing an additional 56,250 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.
More Airbnb News
Here are the key news stories impacting Airbnb this week:
- Positive Sentiment: AI and expanded travel services strengthen the growth story. Airbnb’s fall product update includes AI-powered search, tools that connect travelers with friends’ trips, and on-trip services such as grocery delivery, laundry, baby-gear rentals and local experiences. These offerings could increase engagement, broaden Airbnb’s revenue sources and capture more spending per trip. Airbnb Expands AI Travel Tools, Is The Stock Still Undervalued?
- Positive Sentiment: Momentum and business-model advantages are attracting investors. Airbnb has gained strongly over the past month and year, while its asset-light model and substantial cash position may allow it to benefit from higher interest rates through interest income without the capital demands associated with owning hotels or other real estate. Up 10% in the Last Two Weeks, Is Airbnb the Perfect Stock for Today’s Market?
- Neutral Sentiment: Recent outperformance reflects favorable market attention, but no new financial guidance was reported. Coverage noted that Airbnb outperformed the broader market, while investors continue to weigh its product momentum against valuation and execution risks. Why Airbnb, Inc. Outpaced the Stock Market Today
- Negative Sentiment: An executive stock sale provides a modest insider-selling signal. Chief Accounting Officer David Bernstein sold 1,369 shares worth approximately $230,006, reducing his direct ownership by 2.91%. He still holds a substantial stake, so the transaction is unlikely to materially alter the investment case. David Bernstein Insider Transaction
About Airbnb
(
Get Free Report)
Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and service providers. Its platform enables users to search for, book and review a broad range of stays, including private rooms, entire homes, apartments and other distinctive properties.
In addition to lodging, Airbnb offers experiences and activities hosted by local individuals and businesses. The company also provides tools and services that help hosts create listings, manage bookings, communicate with guests and receive payments.
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