Airbnb (NASDAQ:ABNB) CAO David Bernstein Sells 1,369 Shares of Stock

Key Points

• Airbnb CAO David Bernstein sold 1,369 shares at an average price of $168.01, totaling approximately $230,006. He retains 45,655 shares valued at about $7.67 million.
• Airbnb shares rose 1.0% to $175.46, while the company reported quarterly EPS of $1.37 and revenue of $3.61 billion, exceeding analyst expectations. Revenue increased 16.3% year over year.
• Analyst sentiment remains a “Moderate Buy,” with a consensus price target of $181.93; institutional investors own approximately 80.76% of the stock.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CAO David Bernstein sold 1,369 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $168.01, for a total transaction of $230,005.69. Following the sale, the chief accounting officer owned 45,655 shares of the company's stock, valued at approximately $7,670,496.55. This represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Airbnb Stock Up 1.0%

Airbnb stock traded up $1.76 during trading hours on Monday, hitting $175.46. 2,905,431 shares of the stock traded hands, compared to its average volume of 4,629,879. Airbnb, Inc. has a one year low of $110.81 and a one year high of $193.45. The firm's 50-day moving average price is $172.69 and its two-hundred day moving average price is $151.81. The company has a market cap of $105.06 billion, a PE ratio of 39.88, a PEG ratio of 1.99 and a beta of 1.24. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.11. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The business's revenue was up 16.3% on a year-over-year basis. During the same period last year, the business earned $1.03 earnings per share. On average, research analysts forecast that Airbnb, Inc. will post 5.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ABNB shares. Wall Street Zen cut Airbnb from a "buy" rating to a "hold" rating in a report on Sunday, October 4th. Barclays raised their price objective on Airbnb from $125.00 to $150.00 in a research report on Friday, August 7th. Jefferies Financial Group increased their price target on Airbnb from $175.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. upped their price objective on shares of Airbnb from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Finally, Morgan Stanley assumed coverage on shares of Airbnb in a research report on Wednesday, September 16th. They set an "equal weight" rating and a $170.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $181.93.

Hedge Funds Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently bought and sold shares of ABNB. Jackson Square Capital LLC acquired a new stake in Airbnb in the third quarter valued at $285,000. Kaufman Rossin Wealth LLC acquired a new stake in Airbnb during the 3rd quarter valued at $386,000. IFP Advisors Inc grew its holdings in shares of Airbnb by 14.1% during the third quarter. IFP Advisors Inc now owns 5,438 shares of the company's stock worth $874,000 after buying an additional 670 shares in the last quarter. Frank Rimerman Advisors LLC lifted its stake in shares of Airbnb by 7.1% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 3,669 shares of the company's stock worth $589,000 after purchasing an additional 242 shares during the period. Finally, Encompass More Asset Management purchased a new stake in Airbnb in the 3rd quarter valued at about $323,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Company Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and service providers. Its platform enables users to search for, book and review a broad range of stays, including private rooms, entire homes, apartments and other distinctive properties.

In addition to lodging, Airbnb offers experiences and activities hosted by local individuals and businesses. The company also provides tools and services that help hosts create listings, manage bookings, communicate with guests and receive payments.

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