Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $89,382.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $148.97, for a total transaction of $89,382.00. Following the completion of the transaction, the chief technology officer now owns 209,374 shares in the company, valued at $31,190,444.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Airbnb Stock Performance

Airbnb stock opened at $151.63 on Friday. The firm’s fifty day moving average price is $150.43 and its 200-day moving average price is $150.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market cap of $97.66 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.88 and a beta of 1.18. Airbnb, Inc. has a fifty-two week low of $113.24 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.18. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. On average, equities research analysts expect that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.

Institutional Trading of Airbnb

Institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC grew its holdings in shares of Airbnb by 0.4% during the 3rd quarter. LPL Financial LLC now owns 158,078 shares of the company’s stock valued at $21,690,000 after purchasing an additional 691 shares during the last quarter. Algert Global LLC bought a new position in shares of Airbnb during the 3rd quarter valued at $358,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Airbnb by 19.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,002 shares of the company’s stock valued at $2,744,000 after purchasing an additional 3,196 shares during the last quarter. Bank of Nova Scotia grew its holdings in shares of Airbnb by 813.0% during the 3rd quarter. Bank of Nova Scotia now owns 138,592 shares of the company’s stock valued at $19,016,000 after purchasing an additional 123,412 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Airbnb by 35.1% during the 3rd quarter. Toronto Dominion Bank now owns 229,329 shares of the company’s stock valued at $31,466,000 after purchasing an additional 59,596 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. DA Davidson reiterated a “neutral” rating and issued a $145.00 target price on shares of Airbnb in a research note on Thursday, May 9th. Truist Financial boosted their target price on shares of Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. BMO Capital Markets boosted their target price on shares of Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. boosted their price target on shares of Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Finally, Piper Sandler Companies boosted their price target on shares of Airbnb from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $152.38.

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.