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 that occurred on Tuesday, September 24th. The shares were sold at an average price of $130.58, for a total transaction of $78,348.00. Following the completion of the sale, the chief technology officer now owns 195,244 shares of the company’s stock, valued at approximately $25,494,961.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Airbnb Stock Down 0.8 %

ABNB opened at $128.25 on Friday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $82.60 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.16. The business’s 50-day simple moving average is $123.75 and its 200-day simple moving average is $143.58.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm earned $0.98 EPS. Analysts anticipate that Airbnb, Inc. will post 4.39 EPS for the current year.

Hedge Funds Weigh In On Airbnb

Institutional investors have recently modified their holdings of the business. Centaurus Financial Inc. increased its stake in Airbnb by 111.4% in the second quarter. Centaurus Financial Inc. now owns 6,948 shares of the company’s stock valued at $1,054,000 after purchasing an additional 3,661 shares during the period. Lazari Capital Management Inc. grew its holdings in shares of Airbnb by 3.6% during the second quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock worth $382,000 after buying an additional 88 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Airbnb in the 2nd quarter valued at about $7,342,000. New Century Financial Group LLC purchased a new stake in Airbnb during the 2nd quarter valued at approximately $238,000. Finally, Aristides Capital LLC raised its stake in Airbnb by 11.2% during the 2nd quarter. Aristides Capital LLC now owns 9,950 shares of the company’s stock valued at $1,509,000 after acquiring an additional 1,000 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ABNB shares. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $94.00 price objective on shares of Airbnb in a research note on Monday, September 23rd. Truist Financial cut their price target on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Robert W. Baird lowered their price objective on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Benchmark reaffirmed a “buy” rating and set a $155.00 target price on shares of Airbnb in a research note on Monday, August 26th. Finally, Raymond James began coverage on shares of Airbnb in a research report on Friday. They issued a “market perform” rating and a $134.00 price target for the company. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $134.16.

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.