Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells 700 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $145.01, for a total value of $101,507.00. Following the completion of the sale, the chief technology officer now owns 173,519 shares of the company’s stock, valued at $25,161,990.19. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Airbnb Stock Performance

ABNB stock opened at $138.87 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a 50-day simple moving average of $136.52 and a 200 day simple moving average of $131.81. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a market capitalization of $87.56 billion, a P/E ratio of 33.62, a PEG ratio of 3.52 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Baird R W raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Morgan Stanley lifted their price objective on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Susquehanna lifted their price objective on shares of Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Tuesday, February 18th. Finally, TD Cowen lifted their price objective on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $146.48.

Institutional Investors Weigh In On Airbnb

Several hedge funds and other institutional investors have recently bought and sold shares of ABNB. Hennion & Walsh Asset Management Inc. raised its position in Airbnb by 24.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 2,530 shares of the company’s stock worth $321,000 after acquiring an additional 500 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Airbnb by 20.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 28,770 shares of the company’s stock worth $3,648,000 after buying an additional 4,864 shares during the period. J.W. Cole Advisors Inc. raised its holdings in Airbnb by 86.5% during the 3rd 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 period. Pallas Capital Advisors LLC raised its holdings in Airbnb by 48.3% during the 3rd quarter. Pallas Capital Advisors LLC now owns 13,222 shares of the company’s stock worth $1,755,000 after buying an additional 4,305 shares during the period. Finally, abrdn plc raised its holdings in Airbnb by 15.4% during the 3rd quarter. abrdn plc now owns 175,182 shares of the company’s stock worth $22,245,000 after buying an additional 23,428 shares during the period. 80.76% of the stock is currently owned by institutional investors.

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.