Airbnb, Inc. (NASDAQ:ABNB) Director Belinda J. Johnson Sells 1,000 Shares

Airbnb, Inc. (NASDAQ:ABNBGet Rating) Director Belinda J. Johnson sold 1,000 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $125.29, for a total value of $125,290.00. Following the sale, the director now owns 5,920 shares in the company, valued at approximately $741,716.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Airbnb Stock Performance

Shares of Airbnb stock opened at $118.78 on Tuesday. The company has a market cap of $77.05 billion, a PE ratio of 64.91 and a beta of 1.14. Airbnb, Inc. has a 52 week low of $86.71 and a 52 week high of $212.58. The business has a 50 day moving average price of $113.37 and a 200-day moving average price of $126.46. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.38.

Airbnb (NASDAQ:ABNBGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. Airbnb had a return on equity of 26.03% and a net margin of 16.91%. During the same period in the prior year, the firm earned ($0.11) earnings per share. Equities analysts anticipate that Airbnb, Inc. will post 2.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group reduced their price objective on Airbnb from $200.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Wolfe Research reduced their price objective on Airbnb from $130.00 to $110.00 and set a “peer perform” rating on the stock in a research report on Wednesday, June 15th. Robert W. Baird reduced their price target on Airbnb from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 3rd. The Goldman Sachs Group reduced their price target on Airbnb from $150.00 to $95.00 and set a “sell” rating on the stock in a research report on Thursday, June 9th. Finally, Susquehanna reduced their price target on Airbnb from $190.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $159.15.

Institutional Trading of Airbnb

Several institutional investors and hedge funds have recently modified their holdings of ABNB. Principal Financial Group Inc. raised its stake in shares of Airbnb by 77.1% in the fourth quarter. Principal Financial Group Inc. now owns 6,112 shares of the company’s stock worth $1,018,000 after purchasing an additional 2,660 shares during the last quarter. Covestor Ltd bought a new position in shares of Airbnb in the fourth quarter valued at approximately $45,000. abrdn plc grew its holdings in shares of Airbnb by 124.6% in the fourth quarter. abrdn plc now owns 6,024 shares of the company’s stock valued at $1,003,000 after acquiring an additional 3,342 shares in the last quarter. Ensign Peak Advisors Inc grew its holdings in shares of Airbnb by 283.1% in the fourth quarter. Ensign Peak Advisors Inc now owns 82,357 shares of the company’s stock valued at $13,711,000 after acquiring an additional 60,857 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Airbnb by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,010,571 shares of the company’s stock valued at $168,250,000 after acquiring an additional 49,726 shares in the last quarter. 39.45% of the stock is owned by hedge funds and other institutional investors.

Airbnb Company Profile

(Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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