Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $88,200.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total value of $88,200.00. Following the transaction, the chief technology officer now directly owns 171,419 shares of the company’s stock, valued at approximately $21,598,794. The trade was a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Airbnb Trading Up 2.1 %

ABNB opened at $128.80 on Friday. The stock’s fifty day moving average is $135.72 and its two-hundred day moving average is $133.30. The company has a market capitalization of $81.21 billion, a P/E ratio of 31.19, a PEG ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.00. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MJP Associates Inc. ADV increased its holdings in shares of Airbnb by 1.8% in the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company’s stock valued at $490,000 after acquiring an additional 67 shares during the period. CAP Partners LLC increased its holdings in shares of Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after acquiring an additional 77 shares during the period. Lindbrook Capital LLC increased its holdings in shares of Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock valued at $728,000 after acquiring an additional 78 shares during the period. Ellevest Inc. increased its holdings in shares of Airbnb by 3.1% in the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company’s stock valued at $349,000 after acquiring an additional 80 shares during the period. Finally, Manchester Capital Management LLC increased its holdings in shares of Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after acquiring an additional 81 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ABNB shares. Bank of America increased their price target on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. UBS Group increased their price target on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Susquehanna raised their price objective on Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Tuesday, February 18th. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Tuesday, February 4th. Finally, Baird R W raised Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $147.82.

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.