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 company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total transaction of $112,735.00. Following the sale, the chief technology officer now owns 180,514 shares of the company’s stock, valued at $29,071,779.70. This represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Airbnb Trading Down 5.9 %

Airbnb stock opened at $146.07 on Friday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The business’s fifty day moving average is $135.45 and its 200 day moving average is $130.96. The stock has a market capitalization of $92.60 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 3.81 and a beta of 1.12. 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 (NASDAQ:ABNB) last posted its earnings results 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 net margin of 23.85% and a return on equity of 32.29%. On average, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ABNB shares. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Canaccord Genuity Group lifted their price objective on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Truist Financial decreased their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. TD Cowen lifted their price target on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Phillip Securities reaffirmed a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $147.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verde Capital Management raised its stake in Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after buying an additional 4,269 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Airbnb in the third quarter worth $34,982,000. Tri Ri Asset Management Corp purchased a new stake in Airbnb during the third quarter valued at $6,352,000. J.W. Cole Advisors Inc. lifted its holdings in Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after acquiring an additional 2,132 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. boosted its position in Airbnb by 14.8% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after purchasing an additional 6,357 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

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.