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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total transaction of $94,344.00. Following the completion of the sale, the chief technology officer now directly owns 221,104 shares of the company’s stock, valued at approximately $34,766,392.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Airbnb Stock Up 0.1 %

Shares of NASDAQ ABNB traded up $0.17 during trading on Thursday, reaching $163.01. The company had a trading volume of 2,388,744 shares, compared to its average volume of 4,537,088. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The stock has a market cap of $105.48 billion, a PE ratio of 22.12, a P/E/G ratio of 2.06 and a beta of 1.25. The business’s 50-day moving average is $160.10 and its 200 day moving average is $143.03. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last released 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. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. As a group, equities analysts forecast that Airbnb, Inc. will post 4.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. CVA Family Office LLC purchased a new position in shares of Airbnb during the 4th quarter valued at about $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb during the 3rd quarter valued at about $27,000. Bfsg LLC purchased a new position in shares of Airbnb during the 4th quarter valued at about $27,000. Trust Co. of Vermont purchased a new position in shares of Airbnb during the 4th quarter valued at about $27,000. Finally, Vima LLC purchased a new position in shares of Airbnb during the 4th quarter valued at about $29,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. B. Riley Financial assumed coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price target for the company. Tigress Financial lifted their price target on shares of Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Susquehanna boosted their price objective on Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Wednesday, February 14th. B. Riley assumed coverage on Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective on the stock. Finally, Wedbush restated a “neutral” rating and issued a $160.00 price objective on shares of Airbnb in a research note on Thursday, April 18th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $149.19.

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.