Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CAO Sells $137,000.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the sale, the chief accounting officer now directly owns 40,581 shares in the company, valued at $5,559,597. This trade represents a 2.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Airbnb Trading Down 4.7 %

Shares of ABNB opened at $130.95 on Friday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The firm has a market capitalization of $83.02 billion, a P/E ratio of 45.95, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $135.91 and its 200 day simple moving average is $134.85.

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

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on ABNB shares. JPMorgan Chase & Co. boosted their target price on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. TD Cowen boosted their price objective on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company raised their target price on shares of Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a report on Tuesday, October 8th. Mizuho reduced their price target 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. Finally, Barclays increased their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average price target of $138.94.

About Airbnb

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.