Insider Selling: Airbnb (NASDAQ:ABNB) CTO Sells $72,828.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle Balogh sold 600 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $121.38, for a total value of $72,828.00. Following the sale, the chief technology officer owned 194,806 shares in the company, valued at approximately $23,645,552.28. This trade represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Airbnb Stock Performance

Shares of ABNB opened at $114.44 on Thursday. The company has a market cap of $70.44 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 2.03 and a beta of 1.11. The stock has a fifty day moving average price of $122.91 and a two-hundred day moving average price of $128.60. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the company posted $2.13 EPS. Airbnb’s revenue for the quarter was up 9.9% on a year-over-year basis. Airbnb has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of Airbnb from $130.00 to $120.00 and set an “underweight” rating for the company in a research report on Thursday, August 7th. JPMorgan Chase & Co. increased their price target on shares of Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. BTIG Research restated a “neutral” rating on shares of Airbnb in a research report on Friday, November 7th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $165.00 price objective on shares of Airbnb in a research report on Friday, November 7th. Finally, Barclays boosted their target price on Airbnb from $105.00 to $107.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $143.31.

Institutional Investors Weigh In On Airbnb

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Airbnb by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company’s stock worth $4,649,814,000 after buying an additional 649,323 shares during the period. Harris Associates L P raised its holdings in Airbnb by 43.2% in the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after purchasing an additional 4,292,383 shares during the period. Geode Capital Management LLC boosted its position in shares of Airbnb by 1.5% during the second quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock worth $1,314,057,000 after purchasing an additional 145,788 shares in the last quarter. Northern Trust Corp increased its position in shares of Airbnb by 2.5% in the 1st quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock valued at $525,979,000 after buying an additional 106,135 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Airbnb by 81.0% during the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after buying an additional 1,916,676 shares during the period. 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.