Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $94,829.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $135.47, for a total transaction of $94,829.00. Following the sale, the chief technology officer now directly owns 183,314 shares of the company’s stock, valued at $24,833,547.58. This represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Airbnb Stock Performance

Shares of ABNB stock opened at $127.09 on Friday. The company has a market cap of $80.57 billion, a price-to-earnings ratio of 44.59, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week 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. The firm has a 50 day moving average of $133.97 and a 200-day moving average of $131.39.

Airbnb (NASDAQ:ABNB) last announced 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). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the business earned $2.39 EPS. On average, equities analysts forecast that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Hedge Funds Weigh In On Airbnb

Large investors have recently modified their holdings of the company. Verde Capital Management lifted its holdings in shares of Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after purchasing an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Airbnb in the 3rd quarter worth $34,982,000. Tri Ri Asset Management Corp bought a new position in shares of Airbnb in the 3rd quarter worth $6,352,000. J.W. Cole Advisors Inc. lifted its holdings in shares of Airbnb by 86.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after purchasing an additional 2,132 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Airbnb by 40.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after purchasing an additional 197,558 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ABNB. Robert W. Baird upped their price objective on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. TD Cowen upped their price objective on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Raymond James began coverage on shares of Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 price objective for the company. Citigroup upped their price objective on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Piper Sandler upped their price objective on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $139.63.

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.