Aristotle N. Balogh Sells 600 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $133.51, for a total value of $80,106.00. Following the completion of the sale, the chief technology officer now owns 193,444 shares of the company’s stock, valued at $25,826,708.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Airbnb Price Performance

Shares of ABNB stock opened at $136.02 on Friday. The stock has a market cap of $87.60 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.83 and a beta of 1.17. The business’s fifty day moving average is $122.74 and its 200 day moving average is $140.27. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the previous year, the company earned $0.98 earnings per share. Airbnb’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts expect that Airbnb, Inc. will post 4.33 EPS for the current fiscal year.

Analyst Ratings Changes

ABNB has been the subject of a number of recent research reports. Piper Sandler dropped their target price on Airbnb from $155.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Raymond James assumed coverage on Airbnb in a research report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price objective for the company. Robert W. Baird lowered their price objective on Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. TD Cowen lowered their price objective on Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Barclays lowered their price objective on Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $134.55.

Institutional Investors Weigh In On Airbnb

Institutional investors have recently modified their holdings of the stock. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Airbnb in the first quarter worth $7,628,000. SteelPeak Wealth LLC grew its stake in shares of Airbnb by 17.2% in the first quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company’s stock worth $1,107,000 after acquiring an additional 985 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Airbnb by 20.6% in the first quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock worth $80,644,000 after acquiring an additional 83,383 shares during the last quarter. Shellback Capital LP bought a new position in shares of Airbnb during the second quarter valued at $22,744,000. Finally, Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Airbnb by 1,231.3% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock valued at $3,145,000 after purchasing an additional 19,183 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.