Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $91,126.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $130.18, for a total transaction of $91,126.00. Following the completion of the transaction, the chief technology officer now directly owns 172,119 shares of the company’s stock, valued at approximately $22,406,451.42. This trade represents a 0.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $122.86 on Friday. The company has a market cap of $77.47 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 3.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a 50 day simple moving average of $136.23 and a 200 day simple moving average of $132.85. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating 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%. Research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Truist Financial reduced their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. Wells Fargo & Company reduced their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. UBS Group lifted their target price on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, B. Riley lifted their target price on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $148.15.

Hedge Funds Weigh In On Airbnb

Large investors have recently modified their holdings of the business. Golden State Wealth Management LLC bought a new position in shares of Airbnb during the fourth quarter valued at $25,000. Berbice Capital Management LLC bought a new position in shares of Airbnb during the fourth quarter valued at $26,000. Park Square Financial Group LLC bought a new position in shares of Airbnb during the fourth quarter valued at $26,000. Orion Capital Management LLC bought a new position in shares of Airbnb during the fourth quarter valued at $28,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Airbnb during the third quarter valued at $30,000. Institutional investors own 80.76% of the company’s stock.

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.