Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $68,005.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the transaction, the chief technology officer now directly owns 185,414 shares in the company, valued at approximately $25,218,158.14. This represents a 0.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Airbnb Price Performance

NASDAQ ABNB opened at $139.07 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock’s fifty day moving average price is $134.44 and its 200 day moving average price is $135.12. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a market cap of $88.17 billion, a price-to-earnings ratio of 48.80, a PEG ratio of 1.95 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released 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). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the company earned $2.39 earnings per share. As a group, equities research analysts forecast that Airbnb, Inc. will post 4.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ABNB. Cantor Fitzgerald reissued an “underweight” rating and issued a $94.00 price objective on shares of Airbnb in a research note on Monday, October 7th. B. Riley dropped their price objective on Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. The Goldman Sachs Group dropped their price objective on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. BMO Capital Markets dropped their price objective on Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Finally, Argus cut Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $138.94.

Institutional Investors Weigh In On Airbnb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC acquired a new stake in Airbnb during the 3rd quarter worth about $25,000. Hollencrest Capital Management grew its position in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. New Millennium Group LLC acquired a new stake in Airbnb during the 2nd quarter worth about $28,000. Cultivar Capital Inc. acquired a new stake in Airbnb during the 2nd quarter worth about $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Airbnb during the 3rd quarter worth about $30,000. 80.76% of the stock is owned by institutional investors and hedge funds.

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.