Monitoring Airbnb Inc. (ABNB) after recent insider movements


Airbnb Inc.’s filing revealed that its Chief Technology Officer BALOGH ARISTOTLE N unloaded Company’s shares for reported $0.28 million on Nov 01. In the deal valued at $111.00 per share,2,500 shares were sold. As a result of this transaction, BALOGH ARISTOTLE N now holds 233,481 shares worth roughly $ 22.29 million.

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Then, Gebbia Joseph sold 11,636 shares, generating $1,317,256 in total proceeds. Upon selling the shares at $113.21, the Director now owns 127,050 shares.

Before that, Gebbia Joseph sold 250,000 shares. Airbnb Inc. shares valued at $28,301,441 were divested by the Director at a price of $113.21 per share. As a result of the transaction, Gebbia Joseph now holds 1,000,101 shares, worth roughly $95.47 million.

Bernstein initiated its Airbnb Inc. [ABNB] rating to an Outperform in a research note published on Monday, October 05, 2022; the price target was $143. PT values the company’s stock at a premium of 33.24 to its Monday closing price. A number of analysts have revised their coverage, including Argus’s analysts, who began to cover the stock in late July with a ‘”a Hold”‘ rating. JMP Securities also remained covering ABNB and has decreased its forecast on June 22, 2022 with a “Mkt perform” recommendation from previously “Mkt outperform” rating. Wolfe Research maintained its rating on June 15, 2022. It rated ABNB as “a Peer perform”.

Price Performance Review of ABNB

On Monday, Airbnb Inc. [NASDAQ:ABNB] saw its stock fall -0.66% to $95.46. On the same session, the stock had its day’s lowest price of $93.28, but rose to a high of $97.25. Over the last five days, the stock has lost -10.71%. Airbnb Inc. shares have fallen nearly -42.66% since the year began. Nevertheless, the stocks have fallen -52.65% over the past one year. While a 52-week high of $212.58 was reached on 02/16/22, a 52-week low of $86.71 was recorded on 06/30/22. SMA at 50 days reached $112.03, while 200 days put it at $128.06. A total of 7.96 million shares were traded, compared to the trading of 29.19 million shares in the previous session.

Levels Of Support And Resistance For ABNB Stock

The 24-hour chart illustrates a support level at 93.41, which if violated will result in even more drops to 91.36. On the upside, there is a resistance level at 97.38. A further resistance level may holdings at 99.30. The Relative Strength Index (RSI) on the 14-day chart is 36.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.70%. Stochastics %K at 11.07% indicates the stock is a buying.

How much short interest is there in Airbnb Inc.?

A steep rise in short interest was recorded in Airbnb Inc. stocks on Jul 14, 2022, growing by 7.28 million shares to a total of 22.43 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 15.15 million shares. There was a rise of 32.46%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.97% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.62.

Airbnb Inc. [ABNB] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 19,748,498 shares, or roughly 4.95% of the outstanding ABNB shares. In other words, the investor’s shares have risen by 2,259,961 from its previous 13-F filing of 17488537.0. Additionally, Fidelity Management & Research Co decreased -16.03% of its stake after which the total value it holdings stand at $1,883,214,262, while Capital Research & Management Co added 20.48% of its stake to hold $1.75 billion in the firm. Over the last quarter, Polen Capital Management LLC sold -126,020 shares of Airbnb Inc., while BlackRock Fund Advisors sold 4,972,071 shares. At present, Jennison Associates LLC is holding 10,438,175 shares valued at $1.1 billion. Wellington Management Co. LLP owned 10,419,421 shares of the company at the time of its most recent 13F filing, worth $1.09 billion.

According to FactSet, Airbnb Inc.’s share price will average $130.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 30.09 percent from its previous closing price of $96.09. Analysts expect Airbnb Inc. stock to reach the higher price of $175.00, while the lowest price estimate is $98.00. However, 39 analysts have rated ABNB stock as an Overweight in their predictions for 2022.


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