Sunday, June 26, 2022

Insider Selling: Johnson Belinda J., Airbnb Inc. [ABNB] Director divested 1,000 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Airbnb Inc. shares valued at $96,390 were sold by Johnson Belinda J. on Jun 16. At $96.39 per share, Johnson Belinda J. sold 1,000 shares. The insider’s holdings dropped to 5,920 shares worth approximately $0.59 million following the completion of this transaction.


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Also, Gebbia Joseph sold 250,000 shares, netting a total of over 25,069,701 in proceeds. Following the sale of shares at $100.28 each, the insider now holds 3,438,742 shares.

Before that, Stephenson Dave had sold 15,971 shares from its account. In a trade valued at $1,996,375, the Chief Financial Officer traded Airbnb Inc. shares for $125.00 each. Upon closing the transaction, the insider’s holdings decreased to 15,971 shares, worth approximately $20.09 million.

As published in a research note from JMP Securities on June 22, 2022, Airbnb Inc. [ABNB] has been rated down from a Mkt outperform to a Mkt perform. Analysts at Wolfe Research resumed the stock at ‘”a Peer perform”‘ outlook in a report released in mid June. As of April 20, 2022, Citigroup has increased its “Neutral” rating to a “Buy” for ABNB. Earlier on March 11, 2022, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for ABNB stock.

Analyzing ABNB’s Price Performance

On Wednesday, Airbnb Inc. [NASDAQ: ABNB] plunged -2.68% to $99.53. The stock’s lowest price that day was $98.72, but it reached a high of $102.50 in the same session. During the last five days, there has been a surge of approximately 0.67%. Over the course of the year, Airbnb Inc. shares have dropped approximately -40.22%. Shares of the company reached a 52-week high of $191.73 on 02/16/22 and a 52-week low of $92.09 on 06/16/22. A 50-day SMA is recorded $129.46, while a 200-day SMA reached $158.24. Nevertheless, trading volume fell to 8.97 million shares from 6.53 million shares the previous day.

Support And Resistance Levels for Airbnb Inc. (ABNB)

According to the 24-hour chart, there is a support level at 98.00, which, if violated, would cause prices to drop to 96.47. In the upper region, resistance lies at 101.78. The next price resistance is at 104.03. RSI (Relative Strength Index) is 37.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.73, which suggests the price will decrease in the coming days. Percent R is at 77.74%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Airbnb Inc. subject to short interest?

Stocks of Airbnb Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by -1.83 million shares to 9.45 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 11.28 million shares. A decline of -19.37% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.26 of the overall float, the days-to-cover ratio (short ratio) decline to 2.26.

Which companies own the most shares of Airbnb Inc. (ABNB)?

According to Fidelity Management & Research Co filings, the company currently owns 21,350,212 shares, which is about 5.59% of the total ABNB shares outstanding. The investor’s shares have plunged by -660,869 from its previous 13-F filing of 22011081.0 shares. With the completion of the sale, The Vanguard Group, Inc.’s stake is now worth $2,113,839,467. Jennison Associates LLC acquire a 6.94% interest valued at $1.85 billion while Capital Research & Management Co purchased a 2,627,359 stake. A total of 3,029,742 shares of Airbnb Inc. were bought by Polen Capital Management LLC during the quarter, and 654,900 were bought by Wellington Management Co. LLP. In its current portfolio, Morgan Stanley Investment Managem holds 7,628,222 shares valued at $922.02 million.

In terms of Airbnb Inc. share price expectations, FactSet research, analysts set an average price target of $180.43 in the next 12 months, up nearly 80.89% from the previous closing price of $102.27. Analysts anticipate Airbnb Inc. stock to reach $250.00 by 2022, with the lowest price target being $95.00. In spite of this, 37 analysts ranked Airbnb Inc. stock as an Overweight at the end of 2022. On February 16, 2022, Wolfe Research assigned a price target of “a Peer perform” to the stock and reiterated coverage with a $170.

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