Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $78,090.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $130.15, for a total value of $78,090.00. Following the completion of the transaction, the chief technology officer now owns 194,044 shares in the company, valued at approximately $25,254,826.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Airbnb Stock Up 1.2 %

ABNB opened at $134.40 on Friday. The business’s 50-day simple moving average is $121.62 and its 200-day simple moving average is $141.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market capitalization of $86.23 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the firm posted $0.98 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Analysts anticipate that Airbnb, Inc. will post 4.33 EPS for the current year.

Hedge Funds Weigh In On Airbnb

Several institutional investors have recently added to or reduced their stakes in ABNB. Ossiam increased its position in Airbnb by 50.8% in the 4th quarter. Ossiam now owns 8,621 shares of the company’s stock valued at $1,174,000 after acquiring an additional 2,906 shares during the period. Cresset Asset Management LLC increased its position in Airbnb by 14.9% in the 4th quarter. Cresset Asset Management LLC now owns 90,658 shares of the company’s stock valued at $12,342,000 after acquiring an additional 11,759 shares during the period. Fullerton Fund Management Co Ltd. acquired a new position in Airbnb in the 4th quarter valued at about $14,872,000. Profund Advisors LLC increased its position in Airbnb by 16.7% in the 4th quarter. Profund Advisors LLC now owns 60,521 shares of the company’s stock valued at $8,239,000 after acquiring an additional 8,659 shares during the period. Finally, Oracle Alpha Inc. acquired a new position in Airbnb during the 4th quarter worth approximately $397,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ABNB shares. Mizuho cut their price target on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, September 13th. TD Cowen cut their target price on Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Truist Financial cut their target price on Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Cantor Fitzgerald reissued an “underweight” rating and set a $94.00 target price on shares of Airbnb in a research note on Monday, October 7th. Finally, Raymond James began coverage on Airbnb in a research note on Friday, September 27th. They set a “market perform” rating and a $134.00 target price for the company. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $134.55.

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.