Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $90,874.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total value of $90,874.00. Following the transaction, the chief technology officer now owns 184,014 shares of the company’s stock, valued at $23,888,697.48. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Airbnb Stock Up 2.2 %

NASDAQ:ABNB opened at $135.12 on Friday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a market cap of $85.66 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13. The stock has a 50-day moving average price of $134.16 and a two-hundred day moving average price of $132.11.

Airbnb (NASDAQ:ABNB) last posted its 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 net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the firm posted $2.39 earnings per share. As a group, equities analysts expect that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Benchmark reiterated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research report on Friday, November 8th. Barclays lifted their price objective on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Truist Financial cut their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Evercore ISI lifted their price objective on Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Bank of America lifted their target price on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $139.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb in the third quarter valued at about $25,000. Hollencrest Capital Management lifted its holdings in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the third quarter valued at about $30,000. Quarry LP bought a new stake in shares of Airbnb in the third quarter valued at about $55,000. Finally, CVA Family Office LLC lifted its holdings in shares of Airbnb by 131.2% in the third quarter. CVA Family Office LLC now owns 474 shares of the company’s stock valued at $60,000 after purchasing an additional 269 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

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.