Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $2,637,400.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 20,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the completion of the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at approximately $24,450,544.18. This trade represents a 9.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Airbnb Stock Down 0.4 %

NASDAQ:ABNB traded down $0.51 during trading hours on Monday, hitting $135.20. The stock had a trading volume of 4,173,447 shares, compared to its average volume of 3,449,097. The company has a market cap of $85.71 billion, a PE ratio of 47.44, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The business has a 50 day simple moving average of $135.46 and a two-hundred day simple moving average of $133.18. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last released 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). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the firm earned $2.39 EPS. Analysts predict that Airbnb, Inc. will post 3.99 EPS for the current year.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently modified their holdings of the stock. Northwest Investment Counselors LLC bought a new stake in Airbnb in the third quarter valued at about $25,000. Hollencrest Capital Management boosted its holdings in Airbnb by 6,666.7% in the third 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. Ashton Thomas Securities LLC bought a new stake in Airbnb during the third quarter valued at $30,000. Quarry LP acquired a new stake in shares of Airbnb during the third quarter worth $55,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Airbnb by 73.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock worth $57,000 after buying an additional 159 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ABNB. DA Davidson lifted their price target on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. boosted their price objective on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Phillip Securities restated a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. Jefferies Financial Group boosted their price target on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, Robert W. Baird raised their price objective on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Six research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.