Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $77,518.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $110.74, for a total value of $77,518.00. Following the completion of the sale, the chief technology officer now directly owns 223,522 shares in the company, valued at approximately $24,752,826.28. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Airbnb Price Performance

Shares of Airbnb stock opened at $114.54 on Friday. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $166.74. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $72.22 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The company’s 50-day moving average price is $131.21 and its two-hundred day moving average price is $132.84.

Airbnb (NASDAQ:ABNB) last posted its quarterly 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 return on equity of 32.29% and a net margin of 23.85%. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ABNB. Geode Capital Management LLC boosted its position in shares of Airbnb by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock worth $1,244,514,000 after buying an additional 72,991 shares during the period. Clearbridge Investments LLC lifted its stake in Airbnb by 147.3% in 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 in the last quarter. Northern Trust Corp increased its holdings in shares of Airbnb by 8.4% in the 4th quarter. Northern Trust Corp now owns 4,296,835 shares of the company’s stock valued at $564,647,000 after purchasing an additional 331,607 shares during the period. Renaissance Technologies LLC grew its position in Airbnb by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company’s stock valued at $548,683,000 after purchasing an additional 558,856 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Airbnb during the 4th quarter valued at $433,374,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group increased their price target on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Robert W. Baird decreased their target price on Airbnb from $175.00 to $160.00 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Susquehanna upped their target price on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Tuesday, February 18th. Wedbush reaffirmed an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a research report on Tuesday, February 4th. Finally, Evercore ISI boosted their target price on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen 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 stock currently has a consensus rating of “Hold” and a consensus price target of $146.56.

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.