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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total value of $112,735.00. Following the completion of the transaction, the chief technology officer now directly owns 180,514 shares of the company’s stock, valued at $29,071,779.70. The trade was a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Airbnb Trading Down 1.7 %

Shares of Airbnb stock opened at $155.31 on Friday. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The firm has a market capitalization of $98.46 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. 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 company’s fifty day moving average price is $135.15 and its two-hundred day moving average price is $130.82.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, analysts expect that Airbnb, Inc. will post 4.29 EPS for the current year.

Institutional Investors Weigh In On Airbnb

Hedge funds have recently made changes to their positions in the company. Verde Capital Management increased its holdings in shares of Airbnb by 25.3% during the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after buying an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Airbnb during the 3rd quarter worth about $34,982,000. Tri Ri Asset Management Corp acquired a new stake in Airbnb in the 3rd quarter valued at about $6,352,000. J.W. Cole Advisors Inc. lifted its position in shares of Airbnb by 86.5% during the third 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, Baltimore Washington Financial Advisors Inc. increased its holdings in shares of Airbnb by 14.8% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after purchasing an additional 6,357 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ABNB. Morgan Stanley upped their target price on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $140.00 to $175.00 in a research report on Friday, February 14th. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Finally, Truist Financial decreased their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $147.00.

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.