Insider Selling: Airbnb (NASDAQ:ABNB) CAO Sells $230,005.69 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CAO David Bernstein sold 1,369 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $168.01, for a total value of $230,005.69. Following the sale, the chief accounting officer owned 45,655 shares in the company, valued at $7,670,496.55. The trade was a 2.91% 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

ABNB traded up $1.76 during trading hours on Monday, hitting $175.46. The company’s stock had a trading volume of 2,905,431 shares, compared to its average volume of 4,629,879. The firm has a market capitalization of $105.06 billion, a PE ratio of 39.88, a PEG ratio of 1.99 and a beta of 1.24. 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, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $193.45. The company has a 50-day simple moving average of $172.69 and a 200 day simple moving average of $151.81.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.11. Airbnb had a return on equity of 33.38% and a net margin of 20.45%. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same period last year, the firm earned $1.03 EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. As a group, sell-side analysts expect that Airbnb, Inc. will post 5.28 EPS for the current year.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently made changes to their positions in ABNB. Jackson Square Capital LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at about $285,000. Kaufman Rossin Wealth LLC acquired a new position in Airbnb in the 3rd quarter worth $386,000. IFP Advisors Inc grew its holdings in shares of Airbnb by 14.1% during the third quarter. IFP Advisors Inc now owns 5,438 shares of the company’s stock worth $874,000 after buying an additional 670 shares in the last quarter. Frank Rimerman Advisors LLC grew its stake in shares of Airbnb by 7.1% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 3,669 shares of the company’s stock worth $589,000 after acquiring an additional 242 shares in the last quarter. Finally, Encompass More Asset Management acquired a new stake in Airbnb in the 3rd quarter valued at $323,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ABNB has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Airbnb from $186.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, October 7th. Royal Bank Of Canada began coverage on Airbnb in a report on Friday, October 2nd. They set an “outperform” rating for the company. Weiss Ratings raised Airbnb from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. HSBC boosted their price objective on Airbnb from $162.00 to $177.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, BMO Capital Markets lifted their target price on Airbnb from $146.00 to $165.00 and gave the stock a “market perform” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $181.93.

Airbnb Company Profile

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.