Aristotle Balogh Sells 600 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle Balogh sold 600 shares of the stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $124.26, for a total transaction of $74,556.00. Following the completion of the transaction, the chief technology officer directly owned 197,206 shares of the company’s stock, valued at approximately $24,504,817.56. The trade was a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Airbnb Trading Up 1.1%

Shares of NASDAQ:ABNB opened at $128.56 on Wednesday. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The company has a 50-day moving average price of $124.31 and a 200 day moving average price of $127.54. The company has a market cap of $79.89 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 2.32 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on ABNB. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a report on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on shares of Airbnb from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. UBS Group reduced their price objective on shares of Airbnb from $156.00 to $148.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Mizuho assumed coverage on shares of Airbnb in a research report on Monday, September 29th. They issued an “outperform” rating and a $151.00 price objective on the stock. Finally, BTIG Research reissued a “neutral” rating on shares of Airbnb in a research report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $141.81.

Hedge Funds Weigh In On Airbnb

A number of institutional investors have recently modified their holdings of ABNB. Kentucky Trust Co purchased a new position in shares of Airbnb during the second quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after acquiring an additional 83 shares during the period. Concord Wealth Partners purchased a new position in shares of Airbnb during the second quarter worth approximately $28,000. Stonebridge Financial Group LLC increased its position in shares of Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock worth $29,000 after acquiring an additional 106 shares during the period. Finally, Whipplewood Advisors LLC increased its position in shares of Airbnb by 235.3% during the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after acquiring an additional 160 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.