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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $129.55, for a total value of $90,685.00. Following the sale, the chief technology officer now owns 170,719 shares in the company, valued at $22,116,646.45. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Airbnb Trading Down 2.3 %

Airbnb stock opened at $125.65 on Friday. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $167.38. The firm has a market capitalization of $79.23 billion, a price-to-earnings ratio of 30.42, a P/E/G ratio of 3.52 and a beta of 1.10. The firm has a 50 day moving average of $135.58 and a 200 day moving average of $133.55. 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 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on ABNB shares. The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and boosted their target price for the company from $110.00 to $153.00 in a report on Friday, February 14th. Truist Financial cut their price objective on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price for the company in a report on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Finally, Tigress Financial lifted their price objective on Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, March 14th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $147.36.

Institutional Investors Weigh In On Airbnb

Institutional investors and hedge funds have recently bought and sold shares of the business. Verde Capital Management raised its stake in Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after purchasing an additional 4,269 shares during the period. Tri Ri Asset Management Corp purchased a new stake in Airbnb during the 3rd quarter valued at approximately $6,352,000. Baltimore Washington Financial Advisors Inc. raised its position in shares of Airbnb by 14.8% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after buying an additional 6,357 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after buying an additional 197,558 shares in the last quarter. Finally, Sarasin & Partners LLP bought a new position in shares of Airbnb during the fourth quarter worth $2,272,000. 80.76% of the stock is owned by 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.