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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total value of $90,874.00. Following the completion of the transaction, the chief technology officer now owns 184,014 shares of the company’s stock, valued at approximately $23,888,697.48. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Airbnb Trading Down 0.3 %

ABNB stock traded down $0.36 during mid-day trading on Thursday, hitting $132.16. 2,904,609 shares of the company were exchanged, compared to its average volume of 3,630,615. The business has a fifty day simple moving average of $134.45 and a 200-day simple moving average of $132.22. The firm has a market capitalization of $83.79 billion, a P/E ratio of 46.37, a PEG ratio of 1.63 and a beta of 1.13. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the firm earned $2.39 EPS. On average, equities research analysts predict that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ABNB has been the subject of several recent research reports. Raymond James started coverage on Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 price target for the company. Wedbush raised their price target on shares of Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Jefferies Financial Group upped their price objective on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Piper Sandler raised their target price on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Morgan Stanley upped their price target on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $139.63.

Hedge Funds Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently bought and sold shares of ABNB. Edgewood Management LLC boosted its stake in shares of Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares during the period. Geode Capital Management LLC boosted its position in Airbnb by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after buying an additional 146,761 shares during the period. Pacer Advisors Inc. grew its stake in shares of Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after acquiring an additional 4,172,985 shares in the last quarter. Legal & General Group Plc increased its position in shares of Airbnb by 4.7% during the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after acquiring an additional 153,784 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Airbnb by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock valued at $343,185,000 after acquiring an additional 52,358 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.