Airbnb (NASDAQ:ABNB) CTO Aristotle Balogh Sells 549 Shares

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle Balogh sold 549 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $116.04, for a total value of $63,705.96. Following the sale, the chief technology officer owned 187,686 shares in the company, valued at $21,779,083.44. The trade was a 0.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Airbnb Stock Down 0.3%

Shares of ABNB opened at $118.50 on Wednesday. The business has a fifty day moving average of $121.60 and a 200 day moving average of $127.67. The company has a market cap of $72.94 billion, a PE ratio of 28.15, a P/E/G ratio of 2.09 and a beta of 1.11. 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 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.10). The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 EPS. As a group, research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Airbnb

Hedge funds have recently modified their holdings of the business. Arkadios Wealth Advisors raised its stake in Airbnb by 88.1% in the first quarter. Arkadios Wealth Advisors now owns 5,580 shares of the company’s stock worth $667,000 after buying an additional 2,613 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Airbnb by 12.2% in the 1st quarter. Harbour Investments Inc. now owns 738 shares of the company’s stock worth $88,000 after acquiring an additional 80 shares in the last quarter. Moors & Cabot Inc. bought a new position in shares of Airbnb in the 1st quarter worth $644,000. PNC Financial Services Group Inc. lifted its stake in shares of Airbnb by 1.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 106,171 shares of the company’s stock worth $12,683,000 after purchasing an additional 1,464 shares during the last quarter. Finally, Banco Santander S.A. boosted its position in Airbnb by 345.9% during the first quarter. Banco Santander S.A. now owns 12,650 shares of the company’s stock valued at $1,511,000 after purchasing an additional 9,813 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ABNB. Phillip Securities raised shares of Airbnb from a “moderate sell” rating to a “hold” rating in a research note on Friday, August 8th. JPMorgan Chase & Co. increased their price target on Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a report on Wednesday, October 8th. Wells Fargo & Company increased their target price on Airbnb from $111.00 to $118.00 and gave the stock an “underweight” rating in a research note on Monday. Finally, UBS Group boosted their target price on shares of Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average price target of $143.58.

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.