Catherine C. Powell Sells 5,054 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNBGet Rating) insider Catherine C. Powell sold 5,054 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $93.66, for a total transaction of $473,357.64. Following the transaction, the insider now owns 103,370 shares of the company’s stock, valued at approximately $9,681,634.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Airbnb Price Performance

Airbnb stock opened at $96.63 on Friday. The firm has a market cap of $62.07 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. Airbnb, Inc. has a 52-week low of $86.71 and a 52-week high of $191.73. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $107.96 and its two-hundred day moving average is $109.46.

Institutional Investors Weigh In On Airbnb

A number of hedge funds have recently added to or reduced their stakes in the business. IHT Wealth Management LLC lifted its holdings in Airbnb by 105.4% during the 3rd quarter. IHT Wealth Management LLC now owns 15,453 shares of the company’s stock worth $1,623,000 after buying an additional 7,929 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Airbnb by 8.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 18,274 shares of the company’s stock valued at $1,920,000 after purchasing an additional 1,353 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Airbnb in the 3rd quarter valued at $4,658,000. Seaport Global Advisors LLC raised its holdings in shares of Airbnb by 69.2% in the 3rd quarter. Seaport Global Advisors LLC now owns 2,250 shares of the company’s stock valued at $236,000 after purchasing an additional 920 shares in the last quarter. Finally, FourThought Financial LLC raised its holdings in shares of Airbnb by 29.8% in the 3rd quarter. FourThought Financial LLC now owns 7,142 shares of the company’s stock valued at $750,000 after purchasing an additional 1,638 shares in the last quarter. 39.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on ABNB. Canaccord Genuity Group dropped their price objective on shares of Airbnb from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. Jefferies Financial Group dropped their price objective on shares of Airbnb from $140.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, October 6th. Needham & Company LLC dropped their price objective on shares of Airbnb from $220.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. Sanford C. Bernstein began coverage on shares of Airbnb in a research note on Tuesday, October 4th. They set an “outperform” rating and a $143.00 price objective for the company. Finally, The Goldman Sachs Group dropped their price objective on shares of Airbnb from $100.00 to $98.00 and set a “sell” rating for the company in a research note on Wednesday, November 2nd. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $141.70.

Airbnb Company Profile

(Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

See Also

Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter.