Airbnb (NASDAQ:ABNB) Stock Price Down 4% on Insider Selling

Airbnb, Inc. (NASDAQ:ABNB)’s stock price was down 4% on Friday following insider selling activity. The company traded as low as $128.44 and last traded at $127.87. Approximately 3,744,045 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 3,874,864 shares. The stock had previously closed at $133.24.

Specifically, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $133.19, for a total transaction of $5,122,620.59. Following the completion of the transaction, the chief executive officer now owns 12,460,447 shares of the company’s stock, valued at $1,659,606,935.93. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $135.47, for a total transaction of $94,829.00. Following the sale, the chief technology officer now owns 183,314 shares in the company, valued at approximately $24,833,547.58. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ABNB shares. Truist Financial decreased their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Susquehanna upped their price target on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Benchmark reiterated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research report on Friday, November 8th. Robert W. Baird boosted their price target on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Barclays lifted their price objective 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, twenty have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $139.63.

Airbnb Trading Down 4.2 %

The stock has a 50-day simple moving average of $134.08 and a 200 day simple moving average of $131.56. 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 company has a market cap of $80.95 billion, a price-to-earnings ratio of 44.91, a PEG ratio of 1.80 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion during 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 company posted $2.39 EPS. As a group, equities research analysts predict that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ABNB. Thrivent Financial for Lutherans raised its holdings in shares of Airbnb by 11.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 19,729 shares of the company’s stock worth $2,992,000 after acquiring an additional 1,969 shares during the period. EverSource Wealth Advisors LLC increased its stake in Airbnb by 90.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,643 shares of the company’s stock worth $229,000 after purchasing an additional 780 shares during the period. Public Sector Pension Investment Board boosted its position in Airbnb by 81.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 16,919 shares of the company’s stock valued at $2,565,000 after buying an additional 7,609 shares during the period. Evergreen Capital Management LLC grew its stake in Airbnb by 12.7% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,027 shares of the company’s stock worth $459,000 after purchasing an additional 341 shares in the last quarter. Finally, AXA S.A. raised its holdings in Airbnb by 33.0% in the second quarter. AXA S.A. now owns 93,467 shares of the company’s stock valued at $14,172,000 after acquiring an additional 23,179 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.