Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells 700 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the sale, the chief technology officer now directly owns 182,614 shares in the company, valued at $23,401,984.10. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded down $0.79 during midday trading on Thursday, reaching $131.79. The company’s stock had a trading volume of 2,370,612 shares, compared to its average volume of 4,087,953. The stock has a market capitalization of $83.55 billion, a P/E ratio of 46.24, a PEG ratio of 1.80 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a 50 day moving average price of $133.84 and a 200-day moving average price of $130.88. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the company earned $2.39 EPS. As a group, equities analysts predict that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of analyst reports. Piper Sandler upped their target price on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Susquehanna increased their target price on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Monday, November 11th. Citigroup boosted their price target on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Benchmark reiterated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Finally, Truist Financial reduced their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $139.63.

Institutional Trading of Airbnb

A number of large investors have recently added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC bought a new position in shares of Airbnb during the 3rd quarter valued at approximately $25,000. Golden State Wealth Management LLC purchased a new position in Airbnb in the fourth quarter valued at approximately $25,000. Hollencrest Capital Management grew its holdings in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Berbice Capital Management LLC purchased a new stake in Airbnb in the fourth quarter worth $26,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the third quarter valued at $30,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Company Profile

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.