Aristotle N. Balogh Sells 11,488 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 11,488 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $1,815,104.00. Following the completion of the transaction, the chief technology officer now owns 181,214 shares in the company, valued at approximately $28,631,812. This represents a 5.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Airbnb Price Performance

NASDAQ:ABNB opened at $157.83 on Thursday. The stock has a market capitalization of $100.06 billion, a PE ratio of 38.22, a P/E/G ratio of 2.38 and a beta of 1.12. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The firm has a fifty day simple moving average of $134.80 and a 200 day simple moving average of $130.65. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating 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%. On average, research analysts expect that Airbnb, Inc. will post 4.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ABNB. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Bank of America increased their price target on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. UBS Group raised their price target on Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Evercore ISI upped their price objective on Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. Finally, Wedbush restated an “outperform” rating and set a $155.00 target price on shares of Airbnb in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $147.00.

Institutional Trading of Airbnb

Institutional investors and hedge funds have recently bought and sold shares of the business. Creative Planning raised its stake in Airbnb by 44.0% in the 3rd quarter. Creative Planning now owns 70,442 shares of the company’s stock valued at $8,808,000 after acquiring an additional 21,518 shares during the period. New Century Financial Group LLC raised its position in shares of Airbnb by 22.3% in the third quarter. New Century Financial Group LLC now owns 1,922 shares of the company’s stock valued at $244,000 after purchasing an additional 350 shares during the period. Trilogy Capital Inc. acquired a new stake in shares of Airbnb during the 3rd quarter worth about $1,467,000. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb during the 3rd quarter worth about $25,000. Finally, Venture Visionary Partners LLC raised its holdings in Airbnb by 2.6% in the 3rd quarter. Venture Visionary Partners LLC now owns 25,106 shares of the company’s stock valued at $3,184,000 after acquiring an additional 647 shares during the period. 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.