Recent Insider Activity Suggests Potential Gains for Airbnb Inc. (ABNB)


Airbnb Inc.’s recent filing unveils that its Chief Strategy Officer Blecharczyk Nathan unloaded Company’s shares for reported $5.23 million on Aug 30. In the deal valued at $130.85 per share,40,000 shares were sold. As a result of this transaction, Blecharczyk Nathan now holds 1,164,797 shares worth roughly $ 154.56 million.

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Then, JORDAN JEFFREY D sold 2,000 shares, generating $260,000 in total proceeds. Upon selling the shares at $130.00, the Director now owns 219,646 shares.

Before that, Gebbia Joseph sold 166,667 shares. Airbnb Inc. shares valued at $21,001,302 were divested by the Director at a price of $126.01 per share. As a result of the transaction, Gebbia Joseph now holds 1,333,355 shares, worth roughly $176.92 million.

Melius initiated its Airbnb Inc. [ABNB] rating to a Neutral in a research note published on Friday, July 31, 2023; the price target was $160. PT values the company’s stock at a premium of 17.07 to its Friday closing price.

Price Performance Review of ABNB

On Friday, Airbnb Inc. [NASDAQ:ABNB] saw its stock jump 0.87% to $132.69. On the same session, the stock had its day’s lowest price of $131.33, but rose to a high of $134.50. Over the last five days, the stock has gained 5.49%. Airbnb Inc. shares have risen nearly 55.19% since the year began. Nevertheless, the stocks have risen 17.30% over the past one year. While a 52-week high of $154.95 was reached on 07/31/23, a 52-week low of $81.91 was recorded on 01/03/23. SMA at 50 days reached $135.87, while 200 days put it at $116.80. A total of 4.16 million shares were traded, compared to the trading of 3.86 million shares in the previous session.

Levels Of Support And Resistance For ABNB Stock

The 24-hour chart illustrates a support level at 131.18, which if violated will result in even more drops to 129.67. On the upside, there is a resistance level at 134.35. A further resistance level may holdings at 136.01. The Relative Strength Index (RSI) on the 14-day chart is 50.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.28%. Stochastics %K at 76.22% indicates the stock is a holding.

How much short interest is there in Airbnb Inc.?

A steep rise in short interest was recorded in Airbnb Inc. stocks on Aug 14, 2023, dropping by -4.79 million shares to a total of 20.69 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 25.48 million shares. There was a decline of -23.15%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.94% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.91.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 23,027,106 shares, or roughly 5.58% of the outstanding ABNB shares. In other words, the investor’s shares have risen by 516,694 from its previous 13-F filing of 22510412.0. Additionally, Fidelity Management & Research Co decreased -0.53% of its stake after which the total value it holdings stand at $3,173,349,759, while Capital Research & Management Co added 108.49% of its stake to hold $3.12 billion in the firm. Over the last quarter, Capital Research & Management Co purchased 1,103,413 shares of Airbnb Inc., while Wellington Management Co. LLP bought 2,312,055 shares. At present, BlackRock Fund Advisors is holding 12,721,379 shares valued at $1.94 billion. Polen Capital Management LLC owned 11,554,490 shares of the company at the time of its most recent 13F filing, worth $1.76 billion.


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