Airbnb (NASDAQ:ABNB) Reaches New 12-Month Low on Insider Selling

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report)'s share price reached a new 52-week low on Friday following insider selling activity. The stock traded as low as $106.71 and last traded at $108.48, with a volume of 882095 shares trading hands. The stock had previously closed at $113.97.

Specifically, CEO Brian Chesky sold 38,459 shares of Airbnb stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $120.44, for a total value of $4,632,001.96. Following the sale, the chief executive officer now directly owns 11,731,685 shares of the company's stock, valued at approximately $1,412,964,141.40. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $119.67, for a total value of $83,769.00. Following the transaction, the chief technology officer now directly owns 170,019 shares of the company's stock, valued at approximately $20,346,173.73. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ABNB. Bank of America upped their price objective on Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a report on Wednesday, December 18th. The Goldman Sachs Group upgraded shares of Airbnb from a "sell" rating to a "neutral" rating and upped their target price for the company from $110.00 to $153.00 in a research report on Friday, February 14th. Argus upgraded Airbnb from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Barclays raised their price target on Airbnb from $110.00 to $120.00 and gave the stock an "underweight" rating in a research note on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a research report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $146.56.

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Airbnb Price Performance

The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm's fifty day moving average price is $132.25 and its 200 day moving average price is $133.21. The firm has a market capitalization of $72.86 billion, a PE ratio of 28.23, a P/E/G ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. Verde Capital Management boosted its position in Airbnb by 25.3% during the fourth quarter. Verde Capital Management now owns 21,118 shares of the company's stock worth $2,775,000 after purchasing an additional 4,269 shares in the last quarter. Tri Ri Asset Management Corp acquired a new stake in shares of Airbnb in the third quarter valued at about $6,352,000. Baltimore Washington Financial Advisors Inc. raised its position in shares of Airbnb by 14.8% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock worth $6,498,000 after purchasing an additional 6,357 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Airbnb by 40.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company's stock worth $90,123,000 after buying an additional 197,558 shares in the last quarter. Finally, Sarasin & Partners LLP acquired a new stake in shares of Airbnb in the fourth quarter worth approximately $2,272,000. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Company Profile

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