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 firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $129.55, for a total value of $90,685.00. Following the transaction, the chief technology officer now owns 170,719 shares in the company, valued at approximately $22,116,646.45. This trade represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Airbnb Stock Performance

NASDAQ ABNB opened at $120.69 on Friday. The company’s 50 day simple moving average is $135.29 and its two-hundred day simple moving average is $133.58. The stock has a market capitalization of $76.10 billion, a PE ratio of 29.22, a P/E/G ratio of 3.52 and a beta of 1.10. 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, Inc. has a 1 year low of $110.38 and a 1 year high of $166.74.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank purchased a new position in Airbnb in the 4th quarter worth approximately $433,374,000. Clearbridge Investments LLC lifted its holdings in shares of Airbnb by 147.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after acquiring an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP grew its position in Airbnb by 512.0% in the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock worth $404,782,000 after acquiring an additional 2,577,000 shares in the last quarter. Meritage Group LP bought a new position in Airbnb in the third quarter valued at $160,985,000. Finally, Principal Financial Group Inc. raised its position in Airbnb by 174.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after purchasing an additional 1,185,892 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on ABNB shares. Evercore ISI boosted their price target on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Truist Financial cut their target price on Airbnb from $123.00 to $112.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. DA Davidson lifted their price target on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Finally, Tigress Financial lifted their target price on Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $147.36.

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.