Airbnb, Inc. (NASDAQ:ABNB) CTO Sells 700 Shares

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $145.01, for a total value of $101,507.00. Following the completion of the transaction, the chief technology officer now directly owns 173,519 shares in the company, valued at approximately $25,161,990.19. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Airbnb Price Performance

Shares of ABNB stock opened at $139.45 on Friday. The stock has a 50 day moving average price of $136.43 and a 200 day moving average price of $131.63. The firm has a market capitalization of $87.93 billion, a P/E ratio of 33.77, a P/E/G ratio of 3.52 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. UBS Group upped their price target on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Canaccord Genuity Group raised their price objective on shares of Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Susquehanna increased their price target on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Tuesday, February 18th. Finally, Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $146.48.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ABNB. Virtue Capital Management LLC boosted its stake in shares of Airbnb by 45.0% during the fourth quarter. Virtue Capital Management LLC now owns 3,974 shares of the company’s stock valued at $522,000 after purchasing an additional 1,234 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new stake in Airbnb during the fourth quarter worth $10,027,000. Putney Financial Group LLC bought a new stake in Airbnb during the 4th quarter valued at $178,000. AlphaCore Capital LLC purchased a new position in shares of Airbnb in the 4th quarter valued at $432,000. Finally, Mackenzie Financial Corp raised its position in shares of Airbnb by 33.2% in the 4th quarter. Mackenzie Financial Corp now owns 52,619 shares of the company’s stock worth $6,915,000 after acquiring an additional 13,113 shares in the last quarter. Hedge funds and other 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.