Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh Sells 600 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $133.51, for a total value of $80,106.00. Following the transaction, the chief technology officer now directly owns 193,444 shares of the company’s stock, valued at approximately $25,826,708.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Airbnb Trading Up 0.6 %

Shares of ABNB opened at $136.02 on Friday. The business has a 50-day moving average of $122.74 and a 200 day moving average of $140.27. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market cap of $87.60 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period last year, the business posted $0.98 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. As a group, research analysts forecast that Airbnb, Inc. will post 4.33 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Joel Isaacson & Co. LLC grew its holdings in Airbnb by 2.3% during the 1st quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock valued at $493,000 after buying an additional 67 shares in the last quarter. Miracle Mile Advisors LLC grew its holdings in Airbnb by 0.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock valued at $1,541,000 after buying an additional 68 shares in the last quarter. Farrow Financial Inc. grew its holdings in shares of Airbnb by 1.0% during the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after purchasing an additional 69 shares in the last quarter. Heritage Wealth Advisors grew its holdings in shares of Airbnb by 55.0% during the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock worth $33,000 after purchasing an additional 71 shares in the last quarter. Finally, GYL Financial Synergies LLC grew its holdings in shares of Airbnb by 5.0% during the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock worth $241,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ABNB. Raymond James assumed coverage on Airbnb in a research note on Friday, September 27th. They set a “market perform” rating and a $134.00 target price for the company. Royal Bank of Canada lowered their price objective on Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $94.00 price objective on shares of Airbnb in a research note on Monday, October 7th. Jefferies Financial Group lowered their price objective on Airbnb from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, Bank of America reaffirmed a “hold” rating and issued a $142.00 price objective (up previously from $132.00) on shares of Airbnb in a research note on Friday, October 11th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $134.55.

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.