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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $135.47, for a total value of $94,829.00. Following the completion of the transaction, the chief technology officer now directly owns 183,314 shares in the company, valued at $24,833,547.58. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Airbnb Price Performance

Airbnb stock opened at $133.24 on Friday. The business has a 50 day simple moving average of $134.08 and a 200 day simple moving average of $131.56. 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 company has a market capitalization of $84.47 billion, a PE ratio of 46.75, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued 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 company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the business posted $2.39 earnings per share. On average, sell-side analysts forecast that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Cantor Fitzgerald reiterated an “underweight” rating and set a $94.00 price target on shares of Airbnb in a report on Monday, October 7th. JPMorgan Chase & Co. lifted their target price on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Wedbush upped their price target on shares of Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Barclays lifted their price objective on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company cut their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $139.63.

Hedge Funds Weigh In On Airbnb

Several institutional investors have recently added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the third quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb in the 4th quarter worth approximately $26,000. Hollencrest Capital Management grew its position in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Airbnb during the 3rd quarter valued at $30,000. Finally, Quarry LP bought a new position in Airbnb in the 3rd quarter valued at $55,000. 80.76% of the stock is owned by institutional investors.

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.