Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $101,507.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $145.01, for a total value of $101,507.00. Following the sale, the chief technology officer now directly owns 173,519 shares of the company’s stock, valued at $25,161,990.19. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Airbnb Stock Performance

Airbnb stock opened at $138.87 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $136.52 and a 200-day moving average of $131.91. The firm has a market cap of $87.56 billion, a P/E ratio of 33.62, a P/E/G ratio of 3.52 and a beta of 1.12. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Institutional Trading of Airbnb

A number of institutional investors have recently modified their holdings of ABNB. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb during the fourth quarter worth about $25,000. Hollencrest Capital Management lifted its holdings in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the period. Berbice Capital Management LLC purchased a new stake in Airbnb in the fourth quarter worth about $26,000. Park Square Financial Group LLC purchased a new stake in Airbnb in the fourth quarter worth about $26,000. Finally, Orion Capital Management LLC purchased a new stake in Airbnb in the fourth quarter worth about $28,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ABNB. Truist Financial decreased their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. Argus raised Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $110.00 to $153.00 in a research note on Friday, February 14th. DA Davidson boosted their target price on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Finally, JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $146.48.

About Airbnb

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.