Airbnb, Inc. (NASDAQ:ABNB) CTO Sells 700 Shares

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total value of $89,705.00. Following the sale, the chief technology officer now directly owns 182,614 shares in the company, valued at approximately $23,401,984.10. This represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Airbnb Price Performance

NASDAQ:ABNB opened at $131.17 on Friday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm’s 50-day simple moving average is $133.69 and its 200 day simple moving average is $130.63. The firm has a market cap of $83.16 billion, a price-to-earnings ratio of 46.02, a P/E/G ratio of 1.74 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate 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 business posted $2.39 earnings per share. As a group, sell-side analysts predict that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Institutional Trading of Airbnb

A number of institutional investors have recently modified their holdings of ABNB. Golden State Wealth Management LLC acquired a new position in Airbnb in the fourth quarter valued at about $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new stake in shares of Airbnb during the 4th quarter worth approximately $26,000. Hollencrest Capital Management boosted its position in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Airbnb during the third quarter valued at approximately $30,000. 80.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Benchmark reiterated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a report on Friday, November 8th. UBS Group boosted their target price on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Robert W. Baird lifted their price objective on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Truist Financial decreased their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average price target of $139.63.

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.