Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $88,200.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total transaction of $88,200.00. Following the sale, the chief technology officer now owns 171,419 shares in the company, valued at $21,598,794. The trade was a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Airbnb Stock Up 0.1 %

Shares of NASDAQ ABNB opened at $126.15 on Friday. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market cap of $79.54 billion, a PE ratio of 30.54, a P/E/G ratio of 3.52 and a beta of 1.10. The company’s fifty day simple moving average is $135.74 and its 200 day simple moving average is $133.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ABNB shares. Benchmark increased their price target on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Wedbush reaffirmed an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a report on Tuesday, February 4th. Morgan Stanley upped their price objective on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. 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 report on Wednesday, December 18th. Finally, Tigress Financial boosted their target price on Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $148.15.

Institutional Investors Weigh In On Airbnb

A number of hedge funds have recently added to or reduced their stakes in ABNB. Pacer Advisors Inc. lifted its holdings in shares of Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after purchasing an additional 4,172,985 shares in the last quarter. Norges Bank acquired a new position in Airbnb during the fourth quarter worth $433,374,000. Clearbridge Investments LLC lifted its stake in shares of Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after buying an additional 2,590,475 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Airbnb by 512.0% during the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock valued at $404,782,000 after buying an additional 2,577,000 shares during the last quarter. Finally, Meritage Group LP bought a new stake in shares of Airbnb during the third quarter worth about $160,985,000. Institutional investors and hedge funds 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.