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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total transaction of $88,200.00. Following the completion of the sale, the chief technology officer now directly owns 171,419 shares in the company, valued at $21,598,794. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded up $0.15 on Thursday, reaching $126.15. 3,258,576 shares of the company’s stock were exchanged, compared to its average volume of 4,401,102. The company has a fifty day moving average of $135.83 and a 200-day moving average of $133.14. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a market capitalization of $79.54 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 3.52 and a beta of 1.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Institutional Trading of Airbnb

A number of institutional investors and hedge funds have recently made changes to their positions in ABNB. Golden State Wealth Management LLC bought a new stake in shares of Airbnb during the 4th quarter worth approximately $25,000. Berbice Capital Management LLC bought a new stake in shares of Airbnb during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC bought a new stake in shares of Airbnb during the 4th quarter worth approximately $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb during the 4th quarter worth approximately $28,000. Finally, Graney & King LLC bought a new stake in shares of Airbnb during the 4th quarter worth approximately $32,000. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Jefferies Financial Group raised shares of Airbnb from a “hold” rating to a “buy” rating and boosted their price objective for the company from $165.00 to $185.00 in a research report on Monday, March 10th. Wells Fargo & Company cut their price objective on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Canaccord Genuity Group boosted their price target on shares of Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Finally, JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus price target of $148.15.

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.