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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total value of $98,070.00. Following the sale, the chief technology officer now owns 172,819 shares in the company, valued at $24,211,941.90. This represents a 0.40 % 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 Price Performance

Shares of NASDAQ:ABNB opened at $134.77 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $84.98 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The firm’s 50 day moving average price is $136.92 and its 200-day moving average price is $132.44. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Ratings Changes

ABNB has been the subject of several recent research reports. DA Davidson raised their price objective on Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Wells Fargo & Company lowered their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Evercore ISI upped their price objective on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, Piper Sandler boosted their price target on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $146.48.

Institutional Trading of Airbnb

Several hedge funds have recently bought and sold shares of the stock. Siemens Fonds Invest GmbH grew its stake in shares of Airbnb by 133.1% during the 4th quarter. Siemens Fonds Invest GmbH now owns 54,362 shares of the company’s stock valued at $6,630,000 after acquiring an additional 31,037 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Airbnb in the fourth quarter worth $26,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Airbnb during the 4th quarter valued at $44,397,000. Virtue Capital Management LLC lifted its stake in shares of Airbnb by 45.0% during the 4th quarter. Virtue Capital Management LLC now owns 3,974 shares of the company’s stock valued at $522,000 after buying an additional 1,234 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in Airbnb in the 4th quarter worth $10,027,000. Institutional investors own 80.76% of the company’s stock.

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.