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, February 4th. The stock was sold at an average price of $129.58, for a total value of $90,706.00. Following the sale, the chief technology officer now owns 181,914 shares in the company, valued at approximately $23,572,416.12. This represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Airbnb Trading Up 2.3 %

Shares of NASDAQ:ABNB traded up $2.97 during trading on Thursday, reaching $132.57. 3,686,810 shares of the company were exchanged, compared to its average volume of 3,890,243. The firm has a market capitalization of $84.05 billion, a PE ratio of 46.52, a P/E/G ratio of 1.72 and a beta of 1.12. The business’s fifty day simple moving average is $133.11 and its 200-day simple moving average is $130.26. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the business posted $2.39 EPS. On average, research analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current year.

Institutional Trading of Airbnb

Several institutional investors have recently modified their holdings of ABNB. Northwest Investment Counselors LLC acquired a new position in Airbnb during the third quarter worth about $25,000. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb in the 4th quarter valued at approximately $25,000. Hollencrest Capital Management raised its stake in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Berbice Capital Management LLC purchased a new stake in shares of Airbnb in the 4th quarter valued at approximately $26,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Airbnb during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of several research analyst reports. Robert W. Baird upped their price target on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Phillip Securities reissued a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. Susquehanna upped their price target on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Monday, November 11th. DA Davidson upped their price target on shares of Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Finally, Bank of America upped their price target on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $139.63.

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.