Aristotle N. Balogh Sells 11,488 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 11,488 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $1,815,104.00. Following the transaction, the chief technology officer now directly owns 181,214 shares in the company, valued at approximately $28,631,812. The trade was a 5.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Airbnb Stock Down 1.7 %

Shares of NASDAQ ABNB opened at $155.31 on Friday. The stock has a market cap of $98.46 billion, a PE ratio of 37.61, a PEG ratio of 3.89 and a beta of 1.12. The business has a fifty day moving average of $135.15 and a two-hundred day moving average of $130.82. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. 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 issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, equities research analysts expect that Airbnb, Inc. will post 4.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. B. Riley lifted their price target on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. DA Davidson lifted their price target on shares of Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Finally, Robert W. Baird raised shares of Airbnb from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $140.00 to $175.00 in a research report on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $147.00.

Institutional Trading of Airbnb

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in Airbnb during the 3rd quarter worth about $25,000. Golden State Wealth Management LLC bought a new stake in Airbnb during the 4th quarter worth about $25,000. Hollencrest Capital Management raised its holdings 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 purchasing an additional 200 shares during the last quarter. Berbice Capital Management LLC acquired a new position in shares of Airbnb during the 4th quarter worth about $26,000. Finally, Orion Capital Management LLC acquired a new position in shares of Airbnb during the 4th quarter worth about $28,000. 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.