Aristotle N. Balogh Sells 700 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total value of $94,745.00. Following the completion of the sale, the chief technology officer now owns 184,714 shares in the company, valued at $25,001,039.90. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded down $0.49 during midday trading on Wednesday, reaching $130.80. The company had a trading volume of 3,204,148 shares, compared to its average volume of 3,576,467. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The business’s 50-day simple moving average is $135.31 and its 200 day simple moving average is $132.96. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a market cap of $82.92 billion, a P/E ratio of 45.89, a P/E/G ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the prior year, the firm posted $2.39 EPS. On average, analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ABNB has been the topic of several research reports. Susquehanna boosted their price target on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Monday, November 11th. Mizuho decreased their target price on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, September 13th. Robert W. Baird raised their price objective on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Benchmark restated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $139.48.

Hedge Funds Weigh In On Airbnb

A number of institutional investors have recently bought and sold shares of the business. Edgewood Management LLC increased its stake in shares of Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after acquiring an additional 1,143,464 shares during the period. Geode Capital Management LLC raised its stake in shares of Airbnb by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after buying an additional 146,761 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after buying an additional 4,172,985 shares during the period. Legal & General Group Plc boosted its stake in shares of Airbnb by 4.7% in the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after buying an additional 153,784 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Airbnb by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock worth $343,185,000 after acquiring an additional 52,358 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.