Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $94,745.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total value of $94,745.00. Following the sale, the chief technology officer now owns 184,714 shares in the company, valued at $25,001,039.90. This represents a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Airbnb Trading Down 0.4 %

Shares of Airbnb stock opened at $130.80 on Friday. The stock has a market capitalization of $82.92 billion, a PE ratio of 45.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a 50 day moving average price of $135.12 and a two-hundred day moving average price of $132.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last posted its quarterly 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 analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the previous year, the business posted $2.39 EPS. As a group, equities analysts anticipate that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Airbnb

Several hedge funds and other institutional investors have recently made changes to their positions in ABNB. Koshinski Asset Management Inc. lifted its position in Airbnb by 3.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after acquiring an additional 85 shares in the last quarter. Edge Capital Group LLC raised its stake in shares of Airbnb by 1.2% in the second quarter. Edge Capital Group LLC now owns 7,617 shares of the company’s stock worth $1,155,000 after purchasing an additional 87 shares during the last quarter. Lazari Capital Management Inc. raised its stake in shares of Airbnb by 3.6% in the second quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock worth $382,000 after purchasing an additional 88 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after purchasing an additional 94 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in shares of Airbnb by 2.7% during the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after buying an additional 97 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ABNB. Raymond James assumed coverage on Airbnb in a report on Friday, September 27th. They set a “market perform” rating and a $134.00 price target on the stock. Benchmark reissued a “buy” rating and set a $155.00 target price on shares of Airbnb in a report on Friday, November 8th. TD Cowen raised their price target on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays boosted their price objective on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Finally, Wedbush raised their target price on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Six research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Airbnb currently has an average rating of “Hold” and an average target price of $139.48.

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.