Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the transaction, the chief technology officer now owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Airbnb Price Performance
Shares of ABNB stock opened at $166.41 on Thursday. The stock’s fifty day simple moving average is $154.37 and its 200 day simple moving average is $139.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $107.68 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 2.13 and a beta of 1.25. Airbnb, Inc. has a one year low of $103.55 and a one year high of $170.10.
Airbnb (NASDAQ:ABNB – Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. On average, analysts expect that Airbnb, Inc. will post 4.68 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on Airbnb
Institutional Investors Weigh In On Airbnb
Institutional investors and hedge funds have recently made changes to their positions in the company. Resurgent Financial Advisors LLC bought a new stake in shares of Airbnb during the second quarter worth $25,000. CVA Family Office LLC bought a new stake in shares of Airbnb during the fourth quarter worth $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb during the third quarter worth $27,000. Bfsg LLC bought a new stake in shares of Airbnb during the fourth quarter worth $27,000. Finally, Trust Co. of Vermont bought a new stake in shares of Airbnb during the fourth quarter worth $27,000. 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.
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