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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total value of $88,200.00. Following the completion of the sale, the chief technology officer now owns 171,419 shares of the company’s stock, valued at approximately $21,598,794. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Airbnb Stock Up 2.1 %

Shares of NASDAQ ABNB opened at $128.80 on Friday. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.00. The stock has a market cap of $81.21 billion, a PE ratio of 31.19, a P/E/G ratio of 3.52 and a beta of 1.10. 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 company has a 50-day moving average of $135.72 and a 200 day moving average of $133.18.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping 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, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on ABNB. Baird R W raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Evercore ISI raised their target price on Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Morgan Stanley raised their price objective on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. Finally, Jefferies Financial Group raised shares of Airbnb from a “hold” rating to a “buy” rating and raised their price target for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $147.82.

Institutional Investors Weigh In On Airbnb

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. grew its stake in shares of Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after buying an additional 4,172,985 shares during the period. Norges Bank purchased a new stake in shares of Airbnb in the 4th quarter valued at approximately $433,374,000. Clearbridge Investments LLC increased its stake in Airbnb by 147.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after acquiring an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP increased its stake in Airbnb by 512.0% during the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock worth $404,782,000 after acquiring an additional 2,577,000 shares during the last quarter. Finally, Meritage Group LP acquired a new stake in Airbnb during the third quarter worth $160,985,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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.