Belinda J. Johnson, director of Airbnb, Inc. (NASDAQ:ABNB), sells 1,000 shares
Airbnb, Inc. (NASDAQ: ABNB – Get a rating) Director Belinda J. Johnson sold 1,000 shares of the company in a trade dated Thursday, August 18. The shares were sold at an average price of $121.50, for a total value of $121,500.00. Following the completion of the sale, the administrator now owns 5,920 shares of the company, valued at approximately $719,280. The transaction was disclosed in a legal filing with the SEC, available at this hyperlink.
Airbnb price performance
ABNB was down $3.37 on Monday, hitting $111.39. The company had a trading volume of 6,031,023 shares, compared to its average volume of 6,743,368. The company has a debt ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.58. Airbnb, Inc. has a 52-week low of $86.71 and a 52-week high of $212.58. The company has a market capitalization of $72.26 billion, a price/earnings ratio of 60.89 and a beta of 1.22. The company has a 50-day simple moving average of $105.00 and a 200-day simple moving average of $133.37.
Airbnb (NASDAQ: ABNB – Get a rating) last reported its quarterly earnings data on Tuesday, August 2. The company reported EPS of $0.56 for the quarter, beating the consensus estimate of $0.41 by $0.15. Airbnb had a return on equity of 26.03% and a net margin of 16.91%. During the same quarter last year, the company posted ($0.11) EPS. As a group, sell-side analysts expect Airbnb, Inc. to post EPS of 2.2 for the current year.
Institutional investors weigh in on Airbnb
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Several institutional investors and hedge funds have recently bought and sold shares of ABNB. Legal & General Group Plc increased its stake in Airbnb shares by 14.0% in Q2. Legal & General Group Plc now owns 1,367,038 shares in the company worth $121,776,000 after acquiring an additional 167,975 shares last quarter. International Assets Investment Management LLC increased its position in Airbnb shares by 11.2% in Q2. International Assets Investment Management LLC now owns 6,514 shares of the company worth $580,000 after buying 657 additional shares last quarter. Salem Investment Counselors Inc. increased its position in Airbnb by 37.6% during the 2nd quarter. Salem Investment Counselors Inc. now owns 40,963 shares of the company valued at $3,649,000 after purchasing an additional 11,202 shares last quarter. National Pension Service increased its stake in Airbnb by 5.0% during the second quarter. National Pension Service now owns 429,777 shares of the company valued at $38,285,000 after buying an additional 20,501 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in Airbnb by 52.8% in the second quarter. Captrust Financial Advisors now owns 11,936 shares of the company worth $1,063,000 after acquiring 4,122 additional shares last quarter. Hedge funds and other institutional investors hold 34.66% of the company’s shares.
Wall Street analysts predict growth
ABNB has been the subject of several research analyst reports. HSBC reduced its target price on Airbnb from $233.00 to $213.00 in a Wednesday May 4 research report. Stifel Nicolaus cut his price target on Airbnb shares from $205.00 to $180.00 in a Wednesday May 4 research note. Canaccord Genuity Group cut its price target on Airbnb shares from $200.00 to $175.00 and set a “buy” rating on the stock in a Wednesday, Aug. 3 research report. UBS Group lowered its price target on Airbnb from $185.00 to $120.00 and set a “neutral” rating on the stock in a Monday, August 1 research note. Finally, Deutsche Bank Aktiengesellschaft cut its price target on Airbnb from $120.00 to $110.00 and set a “hold” rating for the company in a Wednesday, Aug. 3 research note. One investment analyst gave the stock a sell rating, seventeen gave the company a hold rating and fifteen gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $158.41.
Airbnb Company Profile
Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to provide stays and experiences to travelers around the world. The company’s marketplace model connects hosts and guests online or via mobile devices to book spaces and experiences. It mainly offers private rooms, main residences or vacation homes.
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