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, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $72,000.00. Following the transaction, the chief technology officer now owns 195,844 shares of the company’s stock, valued at approximately $23,501,280. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $131.18 on Friday. The company has a market capitalization of $84.49 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The company’s fifty day moving average price is $125.60 and its 200 day moving average price is $144.73. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the business earned $0.98 earnings per share. Airbnb’s revenue was up 10.6% on a year-over-year basis. On average, research analysts predict that Airbnb, Inc. will post 4.39 earnings per share for the current year.

Institutional Trading of Airbnb

Several institutional investors have recently bought and sold shares of ABNB. Dimensional Fund Advisors LP increased its holdings in Airbnb by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 694,090 shares of the company’s stock worth $94,497,000 after acquiring an additional 48,348 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in shares of Airbnb by 40.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,684 shares of the company’s stock worth $502,000 after purchasing an additional 1,059 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Airbnb by 45.0% during the 4th quarter. Quadrant Capital Group LLC now owns 912 shares of the company’s stock worth $124,000 after purchasing an additional 283 shares during the last quarter. ING Groep NV lifted its stake in Airbnb by 241.8% in the 4th quarter. ING Groep NV now owns 9,563 shares of the company’s stock valued at $1,302,000 after buying an additional 6,765 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Airbnb by 103.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 78,413 shares of the company’s stock worth $10,675,000 after buying an additional 39,924 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of recent analyst reports. Argus downgraded Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Piper Sandler reduced their target price on Airbnb from $155.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Benchmark reissued a “buy” rating and issued a $155.00 price target on shares of Airbnb in a report on Monday, August 26th. Royal Bank of Canada cut their price objective on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, Susquehanna decreased their price objective on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating for the company in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Airbnb has a consensus rating of “Hold” and an average target price of $134.17.

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.