Several institutional investors have recently changed their holdings in Airbnb (ABNB). Transcendent Capital Group LLC bought shares worth about $25,000 in Q1. New Millennium Group LLC invested around $28,000 and Northwest Investment Counselors LLC invested about $33,000 in the same quarter. Heritage Wealth Advisors increased its stake by 55%, holding now 200 shares valued at $33,000 after buying more. Pathway Financial Advisors LLC also acquired shares worth $33,000 in Q1. Overall, institutional investors own 80.76% of Airbnb’s stock.
Airbnb Stock Performance
On Monday, Airbnb opened at $136.45. The stock has fluctuated between a low of $110.38 and a high of $170.10 over the past year, with a 50-day moving average of $123.17 and a 200-day average of $139.81. The market cap is $87.88 billion, with a PE ratio of 18.27, a price-to-earnings growth ratio of 1.83, and a beta of 1.17.
Airbnb reported Q2 earnings on August 6, showing $0.86 per share, missing expectations of $0.92. Revenue for the quarter was $2.75 billion, slightly above the $2.74 billion forecast. Year-over-year revenue grew by 10.6%, though earnings decreased from $0.98 per share the prior year. Analysts predict an average earnings per share of 4.33 for this year.
Insider Trading
CTO Aristotle N. Balogh sold 600 shares on August 6 at about $126.57, totaling $75,942. After the sale, he holds 205,774 shares worth approximately $26 million. CEO Brian Chesky sold 230,769 shares on September 17 for around $27.7 million, retaining 13,315,912 shares valued at nearly $1.6 billion. In the last three months, insiders sold shares totaling over $50 million, with insiders holding 27.83% of the company.
Analyst Ratings
Recently, analysts have adjusted their targets for ABNB. Wedbush cut its target from $165 to $135 while maintaining an “outperform” rating. Argus downgraded from “buy” to “hold.” TD Cowen lowered its target from $170 to $125, and BMO Capital Markets revised its price target from $151 to $130. Currently, five analysts rate the stock as “sell,” 19 as “hold,” and eight as “buy,” resulting in a consensus rating of “Hold” with an average target of $134.55.
About Airbnb
Airbnb, Inc. operates a platform for hosting and booking stays and experiences worldwide. It connects hosts and guests through its marketplace, offering options like private rooms and vacation homes.
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