Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells 700 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total transaction of $112,735.00. Following the completion of the transaction, the chief technology officer now owns 180,514 shares in the company, valued at $29,071,779.70. The trade was a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Airbnb Price Performance

Shares of NASDAQ ABNB traded down $2.67 during midday trading on Thursday, hitting $155.31. The company had a trading volume of 5,097,997 shares, compared to its average volume of 5,117,667. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The business has a 50-day simple moving average of $134.80 and a two-hundred day simple moving average of $130.65. The firm has a market capitalization of $98.46 billion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating 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%. Equities research analysts anticipate that Airbnb, Inc. will post 4.29 earnings per share for the current year.

Hedge Funds Weigh In On Airbnb

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwest Investment Counselors LLC acquired a new position in Airbnb during the third quarter worth approximately $25,000. Golden State Wealth Management LLC acquired a new position in Airbnb during the fourth quarter worth approximately $25,000. Hollencrest Capital Management increased its position in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Berbice Capital Management LLC acquired a new position in Airbnb during the fourth quarter worth approximately $26,000. Finally, Orion Capital Management LLC acquired a new position in Airbnb during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ABNB shares. Phillip Securities reiterated a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a report on Tuesday, November 12th. DA Davidson increased their price objective on shares of Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Robert W. Baird raised shares of Airbnb from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $140.00 to $175.00 in a research report on Friday, February 14th. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Finally, Piper Sandler increased their target price on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $147.00.

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.