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 stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total value of $98,070.00. Following the completion of the sale, the chief technology officer now owns 172,819 shares of the company’s stock, valued at $24,211,941.90. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Airbnb Trading Down 0.3 %

Shares of ABNB stock opened at $134.39 on Friday. The company’s fifty day simple moving average is $136.92 and its two-hundred day simple moving average is $132.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The stock has a market capitalization of $84.74 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. TD Cowen increased their price objective on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Susquehanna lifted their price objective on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research report on Tuesday, February 18th. Argus raised Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Evercore ISI lifted their price objective on Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Finally, Benchmark lifted their price objective on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and an average price target of $146.48.

Institutional Investors Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently bought and sold shares of ABNB. Pacer Advisors Inc. raised its holdings in Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after acquiring an additional 4,172,985 shares during the period. Norges Bank bought a new position in shares of Airbnb in the fourth quarter worth $433,374,000. Clearbridge Investments LLC increased its holdings in shares of Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after purchasing an additional 2,590,475 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Airbnb by 512.0% in the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock worth $404,782,000 after purchasing an additional 2,577,000 shares during the period. Finally, Meritage Group LP bought a new position in shares of Airbnb in the third quarter worth $160,985,000. Institutional investors own 80.76% of the company’s stock.

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.