Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $94,829.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $135.47, for a total transaction of $94,829.00. Following the completion of the transaction, the chief technology officer now directly owns 183,314 shares in the company, valued at $24,833,547.58. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Airbnb Trading Down 4.6 %

Shares of ABNB opened at $127.09 on Friday. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a market capitalization of $80.57 billion, a P/E ratio of 44.59, a P/E/G ratio of 1.80 and a beta of 1.13. 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 firm’s 50 day simple moving average is $133.97 and its 200 day simple moving average is $131.24.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share 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 company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the business posted $2.39 EPS. Sell-side analysts forecast that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Airbnb

Hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares during the last quarter. Meritage Group LP bought a new position in Airbnb during the third quarter valued at approximately $160,985,000. Edgewood Management LLC raised its stake in shares of Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after acquiring an additional 1,143,464 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Airbnb by 19,430.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after acquiring an additional 1,113,747 shares during the last quarter. Finally, Temasek Holdings Private Ltd boosted its stake in shares of Airbnb by 91.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after purchasing an additional 1,109,076 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on ABNB shares. Phillip Securities reiterated 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 increased their price objective on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. DA Davidson boosted their target price on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Citigroup upped their price target on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Robert W. Baird boosted their price objective on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $139.63.

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.