Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh Sells 22,170 Shares

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 22,170 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $169.18, for a total transaction of $3,750,720.60. Following the transaction, the chief technology officer now directly owns 143,731 shares in the company, valued at $24,316,410.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Airbnb Trading Down 0.6 %

Shares of Airbnb stock opened at $166.41 on Thursday. The company’s fifty day simple moving average is $154.37 and its 200-day simple moving average is $139.70. The company has a market cap of $107.68 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.13 and a beta of 1.25. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 1 year low of $103.55 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.09. The business 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%. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.68 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Piper Sandler upped their price target on shares of Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Barclays upped their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Monday, January 29th. Susquehanna increased their target price on shares of Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, February 14th. Needham & Company LLC increased their target price on shares of Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, Truist Financial increased their target price on shares of Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $144.96.

Institutional Investors Weigh In On Airbnb

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Airbnb by 43.0% in 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 period. Edgewood Management LLC lifted its position in Airbnb by 20.8% in the fourth quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock worth $1,690,556,000 after purchasing an additional 2,135,529 shares during the period. Norges Bank bought a new position in shares of Airbnb during the fourth quarter valued at $619,584,000. Geode Capital Management LLC lifted its holdings in shares of Airbnb by 3.1% during the first quarter. Geode Capital Management LLC now owns 4,464,099 shares of the company’s stock valued at $555,202,000 after acquiring an additional 132,429 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Airbnb by 41.3% during the third quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after acquiring an additional 1,276,456 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.