Airbnb (NASDAQ:ABNB) Reaches New 1-Year Low on Insider Selling

Airbnb, Inc. (NASDAQ:ABNB) reached a new 52-week low during trading on Friday after an insider sold shares in the company. The company traded as low as $106.71 and last traded at $108.48, with a volume of 882095 shares trading hands. The stock had previously closed at $113.97.

Specifically, CEO Brian Chesky sold 38,459 shares of Airbnb stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $120.44, for a total transaction of $4,632,001.96. Following the completion of the sale, the chief executive officer now owns 11,731,685 shares of the company’s stock, valued at $1,412,964,141.40. This trade represents a 0.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $119.67, for a total transaction of $83,769.00. Following the completion of the transaction, the chief technology officer now directly owns 170,019 shares in the company, valued at $20,346,173.73. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ABNB. Bank of America boosted their target price on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Truist Financial lowered their price target on Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Robert W. Baird reduced their target price on shares of Airbnb from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. Finally, JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus target price of $147.28.

Airbnb Trading Down 6.4 %

The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $67.25 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 3.52 and a beta of 1.15. The business has a 50-day moving average of $133.75 and a two-hundred day moving average of $133.66.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently bought and sold shares of ABNB. Versant Capital Management Inc lifted its holdings in shares of Airbnb by 397.9% during the 1st quarter. Versant Capital Management Inc now owns 3,739 shares of the company’s stock worth $447,000 after acquiring an additional 2,988 shares during the period. First Hawaiian Bank lifted its stake in Airbnb by 10.5% during the first quarter. First Hawaiian Bank now owns 7,330 shares of the company’s stock worth $876,000 after purchasing an additional 699 shares during the period. Norman Fields Gottscho Capital Management LLC boosted its holdings in Airbnb by 10.2% during the first quarter. Norman Fields Gottscho Capital Management LLC now owns 2,870 shares of the company’s stock valued at $343,000 after purchasing an additional 265 shares in the last quarter. Kera Capital Partners Inc. boosted its holdings in Airbnb by 4.4% during the first quarter. Kera Capital Partners Inc. now owns 2,400 shares of the company’s stock valued at $287,000 after purchasing an additional 101 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Airbnb by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,200 shares of the company’s stock valued at $143,000 after purchasing an additional 314 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.