Airbnb (NASDAQ:ABNB) Sets New 52-Week High – Here’s What Happened

Airbnb, Inc. (NASDAQ:ABNBGet Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $144.90 and last traded at $145.26, with a volume of 197143 shares changing hands. The stock had previously closed at $143.59.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ABNB shares. Tigress Financial dropped their price target on Airbnb from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Benchmark dropped their price target on Airbnb from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Cantor Fitzgerald set a $121.00 price target on Airbnb in a research report on Friday, February 13th. Morgan Stanley set a $120.00 price target on Airbnb in a research report on Friday, February 13th. Finally, Sanford C. Bernstein dropped their price target on Airbnb from $165.00 to $162.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $149.40.

Check Out Our Latest Stock Report on Airbnb

Airbnb Stock Performance

The company has a 50-day moving average of $129.35 and a 200-day moving average of $127.76. The stock has a market cap of $87.40 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 1.72 and a beta of 1.15.

Airbnb (NASDAQ:ABNBGet Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.10). Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, equities research analysts forecast that Airbnb, Inc. will post 4.96 EPS for the current year.

Insiders Place Their Bets

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $130.99, for a total transaction of $491,212.50. Following the transaction, the chief financial officer owned 394,359 shares in the company, valued at approximately $51,657,085.41. The trade was a 0.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathan Blecharczyk sold 4,260 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $125.29, for a total value of $533,735.40. Following the transaction, the insider owned 49,250 shares in the company, valued at $6,170,532.50. The trade was a 7.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 363,510 shares of company stock worth $46,447,668. Company insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC increased its position in Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after purchasing an additional 112 shares during the period. ORG Partners LLC grew its holdings in shares of Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 96 shares during the period. Entrust Financial LLC acquired a new stake in shares of Airbnb in the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Airbnb in the 3rd quarter worth approximately $25,000. Finally, Aventura Private Wealth LLC acquired a new stake in shares of Airbnb in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Company Profile

(Get Free Report)

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

Recommended Stories

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.