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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the sale, the chief technology officer now directly owns 182,614 shares in the company, valued at approximately $23,401,984.10. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Airbnb Trading Down 0.6 %

Shares of Airbnb stock opened at $131.79 on Friday. The business has a 50-day moving average price of $133.81 and a 200-day moving average price of $130.89. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The firm has a market cap of $83.55 billion, a price-to-earnings ratio of 46.24, a PEG ratio of 1.80 and a beta of 1.13. 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 posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the previous year, the firm earned $2.39 earnings per share. Equities research analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on ABNB shares. 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 report on Tuesday, October 22nd. Susquehanna raised their price target on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a report on Monday, November 11th. Piper Sandler boosted their price objective on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Wells Fargo & Company lowered their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Finally, Benchmark restated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research note on Friday, November 8th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus target price of $139.63.

Institutional Investors Weigh In On Airbnb

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwest Investment Counselors LLC bought a new position in Airbnb in the 3rd quarter worth about $25,000. Golden State Wealth Management LLC bought a new position in Airbnb in the fourth quarter worth about $25,000. Hollencrest Capital Management lifted its position in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Airbnb during the 4th quarter valued at $26,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Airbnb in the third quarter worth about $30,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.