Aristotle N. Balogh Sells 11,488 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 11,488 shares of Airbnb stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $1,815,104.00. Following the completion of the transaction, the chief technology officer now owns 181,214 shares of the company’s stock, valued at approximately $28,631,812. This trade represents a 5.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Airbnb Price Performance

ABNB stock traded down $2.77 during trading on Wednesday, hitting $157.83. 6,889,056 shares of the company’s stock traded hands, compared to its average volume of 5,117,738. The business has a fifty day simple moving average of $134.42 and a 200 day simple moving average of $130.45. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $100.06 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 2.38 and a beta of 1.12. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, research analysts expect that Airbnb, Inc. will post 4.27 EPS for the current fiscal year.

Institutional Trading of Airbnb

A number of large investors have recently made changes to their positions in the stock. Verde Capital Management lifted its holdings in shares of Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after buying an additional 4,269 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Airbnb during the third quarter worth about $34,982,000. Tri Ri Asset Management Corp purchased a new position in shares of Airbnb during the third quarter worth $6,352,000. J.W. Cole Advisors Inc. boosted its stake in shares of Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after buying an additional 2,132 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. grew its stake in shares of Airbnb by 14.8% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after purchasing an additional 6,357 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ABNB. Wedbush reaffirmed an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a research note on Tuesday, February 4th. Robert W. Baird raised shares of Airbnb from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $140.00 to $175.00 in a research note on Friday, February 14th. Evercore ISI boosted their price target on Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Benchmark raised their price objective on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Phillip Securities reaffirmed a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $147.00.

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.