Airbnb (NASDAQ:ABNB – Get Rating) is scheduled to be releasing its earnings data after the market closes on Tuesday, February 14th. Analysts expect Airbnb to post earnings of $0.27 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Airbnb Trading Down 0.3 %
Shares of NASDAQ:ABNB opened at $118.35 on Tuesday. The stock has a market cap of $76.03 billion, a price-to-earnings ratio of 49.31, a PEG ratio of 1.95 and a beta of 1.21. Airbnb has a 52-week low of $81.91 and a 52-week high of $191.73. The business has a 50-day moving average price of $96.54 and a 200-day moving average price of $105.82. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.36.
Analysts Set New Price Targets
Several analysts recently commented on the company. Bank of America raised their target price on Airbnb from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, January 25th. Credit Suisse Group dropped their target price on Airbnb from $165.00 to $154.00 and set a “neutral” rating on the stock in a report on Wednesday, November 2nd. Mizuho dropped their target price on Airbnb from $125.00 to $110.00 and set a “neutral” rating on the stock in a report on Thursday, January 5th. KeyCorp dropped their price objective on Airbnb from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Wednesday, November 2nd. Finally, Barclays raised their price objective on Airbnb from $103.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, January 25th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and an average price target of $135.19.
Insider Buying and Selling at Airbnb
In other news, CTO Aristotle N. Balogh sold 5,250 shares of Airbnb stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $100.00, for a total value of $525,000.00. Following the completion of the sale, the chief technology officer now directly owns 197,046 shares of the company’s stock, valued at $19,704,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Joseph Gebbia sold 250,000 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $106.96, for a total transaction of $26,740,000.00. Following the completion of the transaction, the director now directly owns 750,101 shares of the company’s stock, valued at approximately $80,230,802.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 5,250 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $100.00, for a total value of $525,000.00. Following the transaction, the chief technology officer now directly owns 197,046 shares of the company’s stock, valued at $19,704,600. The disclosure for this sale can be found here. Insiders have sold 555,636 shares of company stock worth $55,720,426 over the last quarter. 32.69% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp grew its stake in Airbnb by 12.4% during the 1st quarter. Northern Trust Corp now owns 2,001,674 shares of the company’s stock worth $343,808,000 after purchasing an additional 220,036 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Airbnb by 60.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,477,005 shares of the company’s stock worth $155,145,000 after buying an additional 557,652 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Airbnb by 1.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,026,475 shares of the company’s stock worth $176,308,000 after buying an additional 15,904 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Airbnb during the 1st quarter worth about $173,967,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Airbnb by 9.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 772,642 shares of the company’s stock worth $132,709,000 after buying an additional 63,601 shares during the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.
About Airbnb
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.