Airbnb, Inc. (NASDAQ:ABNB – Get Rating) insider Catherine C. Powell sold 5,054 shares of Airbnb stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $115.46, for a total value of $583,534.84. Following the sale, the insider now owns 124,846 shares in the company, valued at approximately $14,414,719.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Airbnb stock traded down $7.04 during trading on Tuesday, hitting $106.24. 6,410,307 shares of the company were exchanged, compared to its average volume of 6,536,853. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. Airbnb, Inc. has a fifty-two week low of $103.74 and a fifty-two week high of $212.58. The stock has a market capitalization of $68.30 billion, a price-to-earnings ratio of 91.59 and a beta of 0.27. The firm has a 50 day moving average price of $152.15 and a 200 day moving average price of $161.83.

Airbnb (NASDAQ:ABNB – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.25. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.45 billion. Airbnb had a return on equity of 18.51% and a net margin of 12.12%. Airbnb’s revenue was up 70.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.75) EPS. Analysts predict that Airbnb, Inc. will post 1.88 earnings per share for the current year.

A number of research firms recently issued reports on ABNB. The Goldman Sachs Group raised their price target on Airbnb from $140.00 to $150.00 and gave the stock a “sell” rating in a report on Wednesday, February 16th. UBS Group raised their price target on Airbnb from $178.00 to $185.00 in a report on Wednesday, May 4th. Credit Suisse Group raised their price target on Airbnb from $185.00 to $190.00 in a report on Wednesday, May 4th. Mizuho lowered their price target on Airbnb from $205.00 to $175.00 in a report on Wednesday, May 4th. Finally, JPMorgan Chase & Co. raised their price target on Airbnb from $195.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, February 16th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $196.22.

Institutional investors and hedge funds have recently modified their holdings of the business. Wellesley Asset Management acquired a new position in Airbnb in the 1st quarter valued at $121,000. Baldwin Brothers LLC MA acquired a new position in Airbnb in the 4th quarter valued at $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Airbnb in the 4th quarter valued at $25,000. Core Wealth Advisors Inc. acquired a new position in Airbnb in the 4th quarter valued at $26,000. Finally, City State Bank acquired a new position in Airbnb in the 4th quarter valued at $26,000. Institutional investors own 34.66% of the company’s stock.

About Airbnb (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.

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