Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Airbnb Inc. shares valued at $275,000 were sold by BALOGH ARISTOTLE N on Aug 01. At $110.00 per share, BALOGH ARISTOTLE N sold 2,500 shares. The insider’s holdings dropped to 258,703 shares worth approximately $30.84 million following the completion of this transaction.
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Also, Gebbia Joseph sold 250,000 shares, netting a total of over 26,501,462 in proceeds. Following the sale of shares at $106.01 each, the insider now holds 2,500,101 shares.
Before that, Gebbia Joseph had sold 15,523 shares from its account. In a trade valued at $1,645,529, the insider traded Airbnb Inc. shares for $106.01 each. Upon closing the transaction, the insider’s holdings decreased to 15,523 shares, worth approximately $23.91 million.
As published in their initiating research note from Argus on July 26, 2022, Airbnb Inc. [ABNB] has been a Hold. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late June. As of June 15, 2022, Wolfe Research has reiterated its “Peer perform” rating for ABNB. Earlier on April 20, 2022, Citigroup upgraded its rating. Their new recommendation was “a Buy” for ABNB stock which previously was a “a Neutral”.
Analyzing ABNB’s Price Performance
On Thursday, Airbnb Inc. [NASDAQ: ABNB] rose 3.65% to $119.22. The stock’s lowest price that day was $114.255, but it reached a high of $119.24 in the same session. During the last five days, there has been a surge of approximately 9.54%. Over the course of the year, Airbnb Inc. shares have dropped approximately -28.39%. Shares of the company reached a 52-week high of $191.73 on 02/16/22 and a 52-week low of $86.71 on 06/30/22. A 50-day SMA is recorded $105.24, while a 200-day SMA reached $148.22. Nevertheless, trading volume fell to 9.16 million shares from 15.21 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 115.90, which, if violated, would cause prices to drop to 112.59. In the upper region, resistance lies at 120.89. The next price resistance is at 122.56. RSI (Relative Strength Index) is 65.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.61, which suggests the price will increase in the coming days. Percent R is at 0.09%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Airbnb Inc. subject to short interest?
Stocks of Airbnb Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 7.28 million shares to 22.43 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 15.15 million shares. A jump of 32.46% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.62 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.62.
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 transaction, The Vanguard Group, Inc.’s stake is now worth $1,557,878,876. Jennison Associates LLC acquire a 6.94% interest valued at $1.37 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 $679.52 million.
In terms of Airbnb Inc. share price expectations, FactSet research, analysts set an average price target of $135.33 in the next 12 months, up nearly 13.02% from the previous closing price of $115.02. Analysts anticipate Airbnb Inc. stock to reach $205.00 by 2022, with the lowest price target being $100.00. In spite of this, 39 analysts ranked Airbnb Inc. stock as an Overweight at the end of 2022. On March 11, 2022, Deutsche Bank assigned a price target of “a Hold” to the stock and initiated coverage with a $150.