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 company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total value of $90,874.00. Following the sale, the chief technology officer now owns 184,014 shares in the company, valued at $23,888,697.48. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Airbnb Stock Up 2.2 %

NASDAQ ABNB opened at $135.12 on Friday. The business has a fifty day moving average price of $134.16 and a two-hundred day moving average price of $132.11. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The stock has a market capitalization of $85.66 billion, a PE ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company earned $2.39 earnings per share. Equities analysts expect that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Airbnb

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Verde Capital Management lifted its stake in shares of Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after acquiring an additional 4,269 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Airbnb by 162.3% in the 4th quarter. Avior Wealth Management LLC now owns 2,707 shares of the company’s stock valued at $356,000 after acquiring an additional 1,675 shares during the last quarter. Traynor Capital Management Inc. lifted its stake in shares of Airbnb by 45.7% in the 4th quarter. Traynor Capital Management Inc. now owns 15,955 shares of the company’s stock valued at $2,097,000 after acquiring an additional 5,004 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Airbnb by 25.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 50,964 shares of the company’s stock valued at $6,697,000 after acquiring an additional 10,347 shares during the last quarter. Finally, Park Place Capital Corp bought a new position in shares of Airbnb in the 4th quarter valued at $77,000. 80.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on ABNB shares. Raymond James started coverage on Airbnb in a report on Friday, September 27th. They set a “market perform” rating and a $134.00 target price on the stock. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. DA Davidson upped their target price on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Benchmark restated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Finally, Wedbush upped their price objective on Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $139.63.

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.