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 stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $152.92, for a total value of $91,752.00. Following the transaction, the chief technology officer now owns 208,174 shares of the company’s stock, valued at approximately $31,833,968.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Airbnb Trading Down 3.9 %

Shares of Airbnb stock traded down $5.87 on Thursday, hitting $145.97. The stock had a trading volume of 5,216,692 shares, compared to its average volume of 4,375,380. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a one year low of $113.24 and a one year high of $170.10. The stock’s 50-day simple moving average is $149.14 and its two-hundred day simple moving average is $151.42. The stock has a market cap of $94.01 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 1.88 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The company’s revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.65 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Transcendent Capital Group LLC bought a new position in shares of Airbnb in the 1st quarter worth approximately $25,000. CVA Family Office LLC purchased a new position in Airbnb during the fourth quarter valued at $26,000. Bfsg LLC bought a new stake in shares of Airbnb during the 4th quarter valued at $27,000. Trust Co. of Vermont purchased a new stake in shares of Airbnb in the 4th quarter worth about $27,000. Finally, Vima LLC purchased a new position in Airbnb during the 4th quarter valued at about $29,000. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. B. Riley Financial started coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price for the company. B. Riley started 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. Wedbush raised Airbnb from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $160.00 to $165.00 in a report on Tuesday, May 28th. DA Davidson reiterated a “neutral” rating and issued a $145.00 price target on shares of Airbnb in a research report on Thursday, May 9th. Finally, JPMorgan Chase & Co. increased their price objective on Airbnb from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $152.44.

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.