Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh Sells 700 Shares

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $145.01, for a total value of $101,507.00. Following the completion of the sale, the chief technology officer now owns 173,519 shares of the company’s stock, valued at $25,161,990.19. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Airbnb Stock Performance

Shares of ABNB stock traded down $4.58 during mid-day trading on Thursday, reaching $139.45. The stock had a trading volume of 4,409,831 shares, compared to its average volume of 5,111,283. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The business’s fifty day moving average is $136.22 and its 200-day moving average is $131.58. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market cap of $87.93 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 3.52 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ABNB. Edgewood Management LLC increased its stake in shares of Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC grew its holdings in Airbnb by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock valued at $1,244,514,000 after purchasing an additional 72,991 shares during the period. Clearbridge Investments LLC increased its position 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. Northern Trust Corp raised its stake in shares of Airbnb by 8.4% during the 4th quarter. Northern Trust Corp now owns 4,296,835 shares of the company’s stock worth $564,647,000 after buying an additional 331,607 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after buying an additional 4,172,985 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Argus raised Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Canaccord Genuity Group lifted their price target on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Barclays raised their target price on Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research report on Friday, February 14th. Finally, UBS Group lifted their price objective on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $146.48.

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.