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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total transaction of $90,706.00. Following the sale, the chief technology officer now directly owns 181,914 shares of the company’s stock, valued at approximately $23,572,416.12. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Airbnb Trading Up 2.3 %

ABNB opened at $132.57 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $84.05 billion, a PE ratio of 46.52, a PEG ratio of 1.72 and a beta of 1.12. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The firm has a 50-day moving average price of $133.00 and a two-hundred day moving average price of $130.28.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period last year, the business posted $2.39 EPS. As a group, equities analysts anticipate that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Edgewood Management LLC boosted 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 during the last quarter. Geode Capital Management LLC boosted its stake in shares of Airbnb by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after purchasing an additional 146,761 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Airbnb by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company’s stock valued at $366,719,000 after purchasing an additional 84,348 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Airbnb by 3.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock valued at $299,272,000 after purchasing an additional 80,610 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ABNB shares. Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a report on Tuesday. Phillip Securities reissued a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Robert W. Baird increased their price target on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JMP Securities reissued a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. Finally, DA Davidson increased their price target on shares of Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $139.63.

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.