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

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

Airbnb Stock Performance

Shares of ABNB traded up $1.73 on Thursday, reaching $160.10. The company’s stock had a trading volume of 3,924,192 shares, compared to its average volume of 4,624,990. 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 stock has a market capitalization of $103.60 billion, a P/E ratio of 22.23, a PEG ratio of 2.01 and a beta of 1.25. The stock’s 50 day simple moving average is $159.21 and its two-hundred day simple moving average is $141.97. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. Research analysts forecast that Airbnb, Inc. will post 4.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

A number of institutional investors and hedge funds have recently made changes to their positions in ABNB. CVA Family Office LLC purchased a new position in shares of Airbnb in the fourth quarter worth approximately $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb in the third quarter worth approximately $27,000. Bfsg LLC purchased a new position in shares of Airbnb in the fourth quarter worth approximately $27,000. Trust Co. of Vermont purchased a new position in Airbnb during the fourth quarter valued at approximately $27,000. Finally, West Tower Group LLC lifted its holdings in Airbnb by 747.8% during the fourth quarter. West Tower Group LLC now owns 195 shares of the company’s stock valued at $27,000 after purchasing 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 subject of several research reports. B. Riley Financial initiated coverage on shares of Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective for the company. Barclays upped their target price on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Monday, January 29th. Truist Financial upped their target price on shares of Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Mizuho upped their target price on shares of Airbnb from $130.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Finally, Susquehanna upped their target price on shares of Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, February 14th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently 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.