Airbnb, Inc. (ABNB)
Anthropic hires Airbnb veteran Krishna Rao as first CFO, The Information reports
Artificial intelligence startup Anthropic has hired Airbnb veteran Krishna Rao as its first finance chief, The Information reported on Tuesday, citing people familiar with the matter.
Beacon Pointe Advisors LLC Sells 9,836 Shares of Airbnb, Inc. (NASDAQ:ABNB)
Beacon Pointe Advisors LLC reduced its position in Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 43.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,016 shares of the company’s stock after selling 9,836 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Airbnb were worth $1,772,000 as of its most recent SEC filing. Several other institutional investors have also added to or reduced their stakes in ABNB. Mount Vernon Associates Inc. MD raised its holdings in shares of Airbnb by 1.0% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock worth $990,000 after buying an additional 75 shares during the period. Cambridge Trust Co. lifted its position in shares of Airbnb by 10.0% during the fourth quarter. Cambridge Trust Co. now owns 825 shares of the company’s stock worth $112,000 after purchasing an additional 75 shares during the last quarter. Waldron Private Wealth LLC grew its holdings in shares of Airbnb by 0.5% in the fourth quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock worth $2,201,000 after purchasing an additional 78 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Airbnb by 36.2% in the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock worth $41,000 after buying an additional 80 shares during the period. Finally, Centurion Wealth Management LLC lifted its holdings in Airbnb by 2.3% during the 4th quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock valued at $491,000 after buying an additional 81 shares in the last quarter. Institutional investors own 80.76% of the company’s stock. Insider Transactions at Airbnb In other news, CTO Aristotle N. Balogh sold 75,500 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $155.31, for a total value of $11,725,905.00. Following the completion of the sale, the chief technology officer now directly owns 146,131 shares in the company, valued at $22,695,605.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CTO Aristotle N. Balogh sold 75,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $155.31, for a total value of $11,725,905.00. Following the completion of the sale, the chief technology officer now owns 146,131 shares of the company’s stock, valued at $22,695,605.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Elinor Mertz sold 9,196 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $156.76, for a total value of $1,441,564.96. Following the transaction, the chief financial officer now directly owns 535,530 shares in the company, valued at approximately $83,949,682.80. The disclosure for this sale can be found here. Insiders have sold 397,474 shares of company stock valued at $63,809,871 over the last ninety days. Insiders own 27.83% of the company’s stock. Airbnb Price Performance Airbnb stock opened at $145.66 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. The company’s fifty day moving average price is $159.70 and its 200 day moving average price is $147.11. The stock has a market capitalization of $93.81 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.80 and a beta of 1.24. Airbnb, Inc. has a 1 year low of $103.74 and a 1 year high of $170.10. Airbnb (NASDAQ:ABNB – Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.18. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the firm earned $0.18 EPS. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.67 earnings per share for the current fiscal year. Wall Street Analysts Forecast Growth Several brokerages have recently weighed in on ABNB. TD Cowen lowered their price target on shares of Airbnb from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Mizuho raised Airbnb from a “neutral” rating to a “buy” rating and increased their target price for the company from $150.00 to $200.00 in a research report on Wednesday, April 24th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Thursday, May 9th. Citigroup decreased their price objective on Airbnb from $170.00 to $167.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Finally, Barclays lifted their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Monday, January 29th. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus price target of $152.13. View Our Latest Stock Report on Airbnb Airbnb Profile (Free Report) Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.
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