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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total value of $93,498.00. Following the completion of the sale, the chief technology officer now owns 221,704 shares in the company, valued at approximately $34,548,134.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Airbnb Stock Up 1.1 %

Shares of NASDAQ ABNB opened at $160.10 on Friday. Airbnb, Inc. has a 12 month low of $103.55 and a 12 month high of $170.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $103.60 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 2.01 and a beta of 1.25. The business has a 50-day moving average of $159.40 and a 200-day moving average of $142.09.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping 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 company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Sell-side analysts expect that Airbnb, Inc. will post 4.63 earnings per share for the current fiscal year.

Institutional Trading of Airbnb

Several hedge funds and other institutional investors have recently bought and sold shares of ABNB. CVA Family Office LLC purchased a new stake in Airbnb in the fourth quarter worth approximately $26,000. Orion Capital Management LLC purchased a new stake in Airbnb in the third quarter worth approximately $27,000. Bfsg LLC purchased a new stake in Airbnb in the fourth quarter worth approximately $27,000. Trust Co. of Vermont purchased a new stake in Airbnb in the fourth quarter worth approximately $27,000. Finally, West Tower Group LLC boosted its stake in Airbnb by 747.8% in the fourth quarter. West Tower Group LLC now owns 195 shares of the company’s stock worth $27,000 after buying an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. Piper Sandler upped their price target on Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. DA Davidson reiterated a “neutral” rating and issued a $145.00 price target on shares of Airbnb in a research report on Friday, March 15th. B. Riley Financial assumed coverage on Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Airbnb has an average rating of “Hold” and a consensus target price of $147.58.

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.