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Airbnb's stock soars as revenue and earnings beat forecasts, despite significant insider sales.
Airbnb saw a significant boost in its stock this year, with institutional investments increasing notably.
Sit Investment Associates Inc. increased their holdings by 42.8%, now owning 16,870 shares.
Airbnb reported a 216.1% revenue surge in the first quarter and $1.03 earnings per share, beating forecasts.
Despite insider sales totaling $223 million, the company's revenue rose 12.7% year-over-year.
Analysts predict 4.31 earnings per share for the year, with a stock rating of "Hold" and a target price of $142.72.
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Las acciones de Airbnb se disparan a medida que los ingresos y ganancias superan los pronósticos, a pesar de las importantes ventas internas.