Aristotle N. Balogh Sells 11,488 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 11,488 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $1,815,104.00. Following the transaction, the chief technology officer now owns 181,214 shares of the company’s stock, valued at $28,631,812. This represents a 5.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Airbnb Stock Performance

Shares of ABNB opened at $155.31 on Friday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a 50-day moving average of $135.15 and a two-hundred day moving average of $130.82. The stock has a market cap of $98.46 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 3.89 and a beta of 1.12. 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 (NASDAQ:ABNB) last posted its quarterly 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, equities research analysts expect that Airbnb, Inc. will post 4.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. TD Cowen upped their price target on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company lowered their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a report on Friday, February 14th. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, B. Riley upped their price objective on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $147.00.

Institutional Trading of Airbnb

Hedge funds have recently made changes to their positions in the stock. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb in the third quarter worth approximately $25,000. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb in the fourth quarter worth approximately $25,000. Hollencrest Capital Management lifted its position in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Airbnb in the fourth quarter worth approximately $26,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Airbnb in the fourth quarter worth approximately $28,000. 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.