Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CAO Sells 1,000 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at $5,559,597. This trade represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $130.95 on Friday. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a market cap of $83.02 billion, a PE ratio of 45.95, a P/E/G ratio of 1.93 and a beta of 1.13. The stock has a 50 day simple moving average of $135.91 and a 200-day simple moving average of $134.85. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter last year, the firm posted $2.39 EPS. On average, equities research analysts forecast that Airbnb, Inc. will post 3.99 EPS for the current year.

Hedge Funds Weigh In On Airbnb

A number of institutional investors and hedge funds have recently bought and sold shares of ABNB. New Millennium Group LLC bought a new stake in shares of Airbnb during the 2nd quarter worth about $28,000. Cultivar Capital Inc. bought a new stake in Airbnb during the second quarter worth approximately $30,000. Northwest Investment Counselors LLC acquired a new stake in Airbnb in the third quarter worth approximately $25,000. Hollencrest Capital Management boosted its stake in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Finally, Unique Wealth Strategies LLC bought a new position in Airbnb during the 2nd quarter valued at $36,000. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Mizuho cut their price objective on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, September 13th. Wedbush boosted their price target on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Jefferies Financial Group raised their price objective on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Raymond James started coverage on Airbnb in a research report on Friday, September 27th. They issued a “market perform” rating and a $134.00 target price on the stock. Finally, Piper Sandler raised their price target on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Airbnb presently has an average rating of “Hold” and an average price target of $138.94.

Airbnb Company Profile

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