Aristotle N. Balogh Sells 600 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the sale, the chief technology officer now owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Airbnb Stock Up 0.3 %

Shares of Airbnb stock traded up $0.30 on Wednesday, hitting $117.68. The company had a trading volume of 5,027,731 shares, compared to its average volume of 4,591,710. The firm has a market capitalization of $75.79 billion, a P/E ratio of 15.75, a P/E/G ratio of 1.67 and a beta of 1.18. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a 50-day moving average of $139.61 and a 200-day moving average of $149.85.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Research analysts predict that Airbnb, Inc. will post 4.66 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC acquired a new position in Airbnb during the first quarter worth $25,000. New Millennium Group LLC bought a new stake in Airbnb during the second quarter worth $28,000. Trust Co. of Vermont bought a new stake in Airbnb during the fourth quarter worth $27,000. Bfsg LLC bought a new stake in Airbnb during the fourth quarter worth $27,000. Finally, Westend Capital Management LLC bought a new stake in Airbnb during the first quarter worth $33,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the subject of several research reports. HSBC cut shares of Airbnb from a “buy” rating to a “hold” rating and lowered their price objective for the company from $160.00 to $156.00 in a research report on Thursday, May 9th. Robert W. Baird lowered their price objective on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Mizuho upgraded shares of Airbnb from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $150.00 to $200.00 in a research report on Wednesday, April 24th. Finally, Piper Sandler lowered their price target on shares of Airbnb from $155.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $137.00.

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.