Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $161.02, for a total value of $96,612.00. Following the transaction, the chief technology officer now directly owns 220,504 shares of the company’s stock, valued at $35,505,554.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Airbnb Trading Up 0.9 %
Shares of NASDAQ ABNB opened at $159.71 on Friday. The stock has a market cap of $103.34 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.10 and a beta of 1.24. The business has a 50 day simple moving average of $161.18 and a 200 day simple moving average of $144.52. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66.
Airbnb (NASDAQ:ABNB – Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating the consensus estimate 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 return on equity of 40.96% and a net margin of 48.32%. On average, research analysts predict that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on ABNB
Institutional Investors Weigh In On Airbnb
Large investors have recently made changes to their positions in the company. CVA Family Office LLC bought a new stake in shares of Airbnb in the 4th quarter valued at approximately $26,000. Orion Capital Management LLC bought a new stake in Airbnb during the third quarter worth approximately $27,000. Bfsg LLC bought a new stake in Airbnb during the fourth quarter worth approximately $27,000. Trust Co. of Vermont bought a new stake in Airbnb during the fourth quarter worth approximately $27,000. Finally, Vima LLC bought a new stake in Airbnb during the fourth quarter worth approximately $29,000. Institutional investors own 80.76% of the company’s stock.
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.
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