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 that occurred on Tuesday, March 11th. The shares were sold at an average price of $130.18, for a total transaction of $91,126.00. Following the sale, the chief technology officer now directly owns 172,119 shares in the company, valued at $22,406,451.42. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Airbnb Stock Up 2.9 %

Shares of ABNB stock opened at $122.86 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm’s fifty day moving average price is $136.23 and its two-hundred day moving average price is $132.85. The firm has a market capitalization of $77.47 billion, a P/E ratio of 29.75, a PEG 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 (EPS) for the quarter, beating 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%. On average, equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Airbnb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new position in shares of Airbnb in the 4th quarter valued at about $25,000. Berbice Capital Management LLC bought a new position in shares of Airbnb in the 4th quarter valued at about $26,000. Park Square Financial Group LLC bought a new position in shares of Airbnb in the 4th quarter valued at about $26,000. Orion Capital Management LLC bought a new position in shares of Airbnb in the 4th quarter valued at about $28,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Airbnb in the 3rd quarter valued at about $30,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on ABNB. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. B. Riley raised their price objective on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Tigress Financial raised their price objective on shares of Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird raised shares of Airbnb from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $140.00 to $175.00 in a research note on Friday, February 14th. Finally, Susquehanna raised their price objective on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus target price of $148.15.

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.