Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $90,874.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total transaction of $90,874.00. Following the completion of the sale, the chief technology officer now owns 184,014 shares of the company’s stock, valued at $23,888,697.48. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Airbnb Price Performance

ABNB opened at $132.16 on Friday. The firm has a market cap of $83.79 billion, a P/E ratio of 46.37, a PEG ratio of 1.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a 50-day moving average of $134.45 and a 200 day moving average of $132.22.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ABNB shares. Phillip Securities restated a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. Truist Financial reduced their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Morgan Stanley boosted their price objective on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday. Barclays increased their target price on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Finally, Robert W. Baird boosted their price target on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and an average target price of $139.63.

Institutional Trading of Airbnb

Large investors have recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in shares of Airbnb during the 3rd quarter valued at $25,000. Hollencrest Capital Management increased its holdings in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Airbnb in the 3rd quarter valued at about $30,000. Quarry LP purchased a new stake in Airbnb during the third quarter valued at about $55,000. Finally, CVA Family Office LLC boosted its position in Airbnb by 131.2% during the third quarter. CVA Family Office LLC now owns 474 shares of the company’s stock worth $60,000 after purchasing an additional 269 shares during the period. 80.76% of the stock is 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.