Airbnb Inc.’s filing revealed that its Director Gebbia Joseph unloaded Company’s shares for reported $24.21 million on Sep 13. In the deal valued at $145.28 per share,166,667 shares were sold. As a result of this transaction, Gebbia Joseph now holds 1,166,688 shares worth roughly $ 166.31 million.
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Then, Blecharczyk Nathan sold 60,000 shares, generating $8,713,121 in total proceeds. Upon selling the shares at $145.22, the Chief Strategy Officer now owns 1,084,797 shares.
Before that, Chesky Brian sold 150,000 shares. Airbnb Inc. shares valued at $22,509,300 were divested by the CEO and Chairman at a price of $150.06 per share. As a result of the transaction, Chesky Brian now holds 16,698,931 shares, worth roughly $2.38 billion.
Melius initiated its Airbnb Inc. [ABNB] rating to a Neutral in a research note published on Monday, July 31, 2023; the price target was $160. PT values the company’s stock at a premium of 10.91 to its Monday closing price.
Price Performance Review of ABNB
On Monday, Airbnb Inc. [NASDAQ:ABNB] saw its stock fall -0.14% to $142.55. On the same session, the stock had its day’s lowest price of $141.19, but rose to a high of $144.40. Over the last five days, the stock has lost -3.24%. Airbnb Inc. shares have risen nearly 66.73% since the year began. Nevertheless, the stocks have risen 14.00% 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 $139.13, while 200 days put it at $119.09. A total of 7.23 million shares were traded, compared to the trading of 8.37 million shares in the previous session.
Levels Of Support And Resistance For ABNB Stock
The 24-hour chart illustrates a support level at 141.03, which if violated will result in even more drops to 139.50. On the upside, there is a resistance level at 144.24. A further resistance level may holdings at 145.92. The Relative Strength Index (RSI) on the 14-day chart is 57.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.21%. Stochastics %K at 69.21% 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 30, 2023, dropping by -4.21 million shares to a total of 19.7 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 23.91 million shares. There was a decline of -21.37%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.70% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.18.
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 5.40% 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 $2,742,980,227, while Capital Research & Management Co added 108.49% of its stake to hold $2.7 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 $1.67 billion. Polen Capital Management LLC owned 11,554,490 shares of the company at the time of its most recent 13F filing, worth $1.52 billion.
According to FactSet, Airbnb Inc.’s share price will average $142.43 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1.58 percent from its previous closing price of $142.75. Analysts expect Airbnb Inc. stock to reach the higher price of $175.00, while the lowest price estimate is $75.00. However, 39 analysts have rated ABNB stock as a Hold in their predictions for 2023.