Aristotle N. Balogh Sells 600 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total value of $81,198.00. Following the transaction, the chief technology officer now directly owns 192,244 shares of the company’s stock, valued at approximately $26,016,380.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Airbnb Stock Up 1.2 %

ABNB stock opened at $136.46 on Friday. The company’s 50 day simple moving average is $126.86 and its 200-day simple moving average is $138.34. The firm has a market capitalization of $87.56 billion, a PE ratio of 18.57, a P/E/G ratio of 1.93 and a beta of 1.17. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the business posted $0.98 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. Equities analysts expect that Airbnb, Inc. will post 4.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on ABNB. Piper Sandler cut their price objective on Airbnb from $155.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Benchmark reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a report on Monday, August 26th. Royal Bank of Canada cut their price objective on Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Bank of America reissued a “hold” rating and set a $142.00 price target (up previously from $132.00) on shares of Airbnb in a report on Friday, October 11th. Finally, Mizuho cut their price target on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, September 13th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $135.35.

Institutional Trading of Airbnb

A number of hedge funds have recently bought and sold shares of the company. Farrow Financial Inc. boosted its position in Airbnb by 1.0% during the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after acquiring an additional 69 shares during the last quarter. Heritage Wealth Advisors boosted its position in Airbnb by 55.0% during the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock worth $33,000 after acquiring an additional 71 shares during the last quarter. GYL Financial Synergies LLC boosted its position in Airbnb by 5.0% during the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock worth $241,000 after acquiring an additional 76 shares during the last quarter. HB Wealth Management LLC raised its stake in Airbnb by 1.6% during the second quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock worth $749,000 after purchasing an additional 76 shares during the period. Finally, Optas LLC raised its stake in Airbnb by 4.5% during the second quarter. Optas LLC now owns 1,829 shares of the company’s stock worth $277,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.