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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $129.55, for a total value of $90,685.00. Following the completion of the transaction, the chief technology officer now owns 170,719 shares of the company’s stock, valued at approximately $22,116,646.45. This trade represents a 0.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Airbnb Stock Performance

ABNB stock traded down $2.99 during midday trading on Thursday, reaching $125.65. 4,897,547 shares of the company’s stock traded hands, compared to its average volume of 4,417,342. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $169.11. The stock has a market cap of $79.23 billion, a P/E ratio of 30.42, a PEG ratio of 3.52 and a beta of 1.10. The stock’s 50-day moving average is $135.71 and its 200 day moving average is $133.60.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate 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, analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC purchased a new stake in Airbnb in the 4th quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new stake in shares of Airbnb in the fourth quarter worth $26,000. Park Square Financial Group LLC bought a new stake in shares of Airbnb during the 4th quarter valued at $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb during the 4th quarter valued at $28,000. Finally, Graney & King LLC bought a new position in Airbnb in the 4th quarter worth $32,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ABNB has been the subject of several research reports. Barclays increased their price target on shares of Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research note on Friday, February 14th. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Tigress Financial boosted their price target on Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, March 14th. Truist Financial lowered their price objective on Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Finally, Argus raised Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $147.36.

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.