Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells 700 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $119.67, for a total transaction of $83,769.00. Following the completion of the transaction, the chief technology officer now directly owns 170,019 shares of the company’s stock, valued at approximately $20,346,173.73. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Airbnb Trading Down 6.4 %

NASDAQ:ABNB opened at $106.66 on Friday. The firm has a market capitalization of $67.25 billion, a P/E ratio of 25.83, a P/E/G ratio of 3.52 and a beta of 1.15. 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 company has a fifty day moving average of $133.75 and a 200 day moving average of $133.66. Airbnb, Inc. has a 52 week low of $104.73 and a 52 week high of $166.74.

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, 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 predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Ratings Changes

ABNB has been the subject of a number of analyst reports. Argus raised Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. B. Riley increased their price target on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Evercore ISI boosted their price objective on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Finally, Barclays increased their target price on shares of Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average price target of $147.28.

Institutional Investors Weigh In On Airbnb

Institutional investors and hedge funds have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new position in shares of Airbnb during the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC purchased a new position in Airbnb during the 4th quarter valued at $26,000. Park Square Financial Group LLC bought a new position in Airbnb in the fourth quarter worth about $26,000. Orion Capital Management LLC bought a new stake in Airbnb during the 4th quarter valued at approximately $28,000. Finally, Graney & King LLC bought a new position in shares of Airbnb in the 4th quarter worth approximately $32,000. 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.