Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $98,070.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $140.10, for a total transaction of $98,070.00. Following the completion of the transaction, the chief technology officer now owns 172,819 shares of the company’s stock, valued at $24,211,941.90. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Airbnb Trading Down 0.3 %

Shares of ABNB stock opened at $134.39 on Friday. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $136.92 and its 200 day moving average is $132.44. The stock has a market capitalization of $84.74 billion, a P/E ratio of 32.54, a P/E/G ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping 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%. Research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a research report on Tuesday, February 4th. Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price for the company in a research report on Friday, February 14th. JPMorgan Chase & Co. upped their target price on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Evercore ISI upped their target price on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Finally, Truist Financial cut their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $146.48.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new position in shares of Airbnb during the 4th quarter worth $25,000. Hollencrest Capital Management boosted its stake in shares of 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. Berbice Capital Management LLC purchased a new position in shares of Airbnb during the 4th quarter worth $26,000. Park Square Financial Group LLC purchased a new position in shares of Airbnb during the 4th quarter worth $26,000. Finally, Orion Capital Management LLC purchased a new position in shares of Airbnb during the 4th quarter worth $28,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.