Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh Sells 700 Shares

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $130.18, for a total transaction of $91,126.00. Following the sale, the chief technology officer now owns 172,119 shares of the company’s stock, valued at $22,406,451.42. This represents a 0.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $119.38 on Friday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market cap of $75.27 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The business’s fifty day moving average price is $136.49 and its two-hundred day moving average price is $132.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Institutional Trading of Airbnb

Hedge funds have recently bought and sold shares of the company. Sigma Planning Corp lifted its stake in shares of Airbnb by 3.2% during the 3rd quarter. Sigma Planning Corp now owns 7,194 shares of the company’s stock worth $912,000 after purchasing an additional 221 shares during the period. Ashton Thomas Securities LLC purchased a new position in Airbnb during the third quarter worth about $30,000. Apollon Wealth Management LLC lifted its position in Airbnb by 3.9% during the third quarter. Apollon Wealth Management LLC now owns 8,705 shares of the company’s stock worth $1,104,000 after buying an additional 328 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Airbnb by 72.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,401 shares of the company’s stock worth $3,228,000 after buying an additional 10,648 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Airbnb by 40.7% in the 3rd quarter. Victory Capital Management Inc. now owns 716,230 shares of the company’s stock valued at $90,825,000 after buying an additional 207,062 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Wedbush restated an “outperform” rating and set a $155.00 price target on shares of Airbnb in a research note on Tuesday, February 4th. Wells Fargo & Company reduced their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Morgan Stanley lifted their target price on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $148.00.

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.