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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $119.67, for a total value of $83,769.00. Following the transaction, the chief technology officer now directly owns 170,019 shares of the company’s stock, valued at $20,346,173.73. This trade represents a 0.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Airbnb Stock Down 6.4 %

Shares of Airbnb stock opened at $106.66 on Friday. Airbnb, Inc. has a 1-year low of $104.73 and a 1-year high of $166.74. The company has a market capitalization of $67.25 billion, a PE ratio of 25.83, a P/E/G ratio of 3.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The business has a 50-day moving average of $133.75 and a 200-day moving average of $133.58.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share 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%. As a group, equities analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ABNB. Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and lifted their target price for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. Barclays lifted their price objective on Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research report on Friday, February 14th. Evercore ISI increased their target price on Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Finally, Hsbc Global Res 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, seventeen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus target price of $147.28.

Institutional Trading of Airbnb

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in Airbnb during the 4th quarter worth $433,374,000. Clearbridge Investments LLC increased its holdings in Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after buying an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP raised its stake in Airbnb by 512.0% during the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock valued at $404,782,000 after buying an additional 2,577,000 shares in the last quarter. Meritage Group LP bought a new position in Airbnb during the 3rd quarter worth approximately $160,985,000. Finally, Principal Financial Group Inc. grew its position in shares of Airbnb by 174.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock worth $245,268,000 after acquiring an additional 1,185,892 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

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.