Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $90,685.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $129.55, for a total transaction of $90,685.00. Following the completion of the sale, the chief technology officer now directly owns 170,719 shares of the company’s stock, valued at $22,116,646.45. This trade represents a 0.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Airbnb Stock Performance

Shares of ABNB stock opened at $120.69 on Friday. The company has a market capitalization of $76.10 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. 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, Inc. has a one year low of $110.38 and a one year high of $166.74. The company’s 50-day moving average is $135.29 and its 200 day moving average is $133.58.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ABNB. Geode Capital Management LLC increased its holdings in Airbnb by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock worth $1,244,514,000 after buying an additional 72,991 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Airbnb by 147.3% in 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 period. Northern Trust Corp raised its holdings in shares of Airbnb by 8.4% during the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company’s stock valued at $564,647,000 after purchasing an additional 331,607 shares during the last quarter. Renaissance Technologies LLC lifted its position in Airbnb by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company’s stock valued at $548,683,000 after purchasing an additional 558,856 shares during the period. Finally, Norges Bank purchased a new stake in Airbnb in the fourth quarter worth approximately $433,374,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

ABNB has been the subject of several analyst reports. Robert W. Baird cut their price target on shares of Airbnb from $175.00 to $160.00 and set an “outperform” rating for the company in a research report on Tuesday. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. B. Riley lifted their target price on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $147.36.

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.