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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $161.02, for a total value of $96,612.00. Following the sale, the chief technology officer now owns 220,504 shares in the company, valued at $35,505,554.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Airbnb Stock Up 0.9 %

Shares of NASDAQ ABNB opened at $159.71 on Friday. 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 business has a 50-day moving average of $161.04 and a 200-day moving average of $144.28. The firm has a market capitalization of $103.34 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.07 and a beta of 1.24. Airbnb, Inc. has a 12 month low of $103.55 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. Sell-side analysts expect that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on ABNB shares. B. Riley assumed coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective on the stock. DA Davidson reaffirmed a “neutral” rating and issued a $145.00 price target on shares of Airbnb in a report on Friday, March 15th. Bank of America increased their price objective on Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. UBS Group lowered their target price on Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Finally, B. Riley Financial started coverage on Airbnb in a research note on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Airbnb has a consensus rating of “Hold” and an average target price of $149.19.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Airbnb by 43.0% during the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after purchasing an additional 10,301,746 shares during the last quarter. Norges Bank bought a new stake in Airbnb in the 4th quarter worth approximately $619,584,000. Jennison Associates LLC boosted its stake in Airbnb by 57.9% in the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock worth $1,753,860,000 after buying an additional 3,899,179 shares in the last quarter. Edgewood Management LLC grew its position in Airbnb by 20.8% during the fourth quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock valued at $1,690,556,000 after acquiring an additional 2,135,529 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Airbnb during the third quarter worth approximately $235,338,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.