Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh Sells 700 Shares

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $119.67, for a total transaction of $83,769.00. Following the completion of the sale, the chief technology officer now directly owns 170,019 shares of the company’s stock, valued at approximately $20,346,173.73. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded down $8.83 during midday trading on Thursday, hitting $113.97. The company’s stock had a trading volume of 7,948,625 shares, compared to its average volume of 4,603,034. The stock has a fifty day moving average price of $134.16 and a 200 day moving average price of $133.65. The firm has a market capitalization of $71.86 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a one year low of $110.38 and a one year high of $166.74. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Jefferies Financial Group upgraded Airbnb from a “hold” rating to a “buy” rating and raised their target price for the company from $165.00 to $185.00 in a research note on Monday, March 10th. Robert W. Baird decreased their price objective on Airbnb from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday, March 25th. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. B. Riley lifted their price target on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $110.00 to $153.00 in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $147.36.

Institutional Trading of Airbnb

Institutional investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new position in Airbnb during the 4th quarter valued at about $25,000. Berbice Capital Management LLC purchased a new position in Airbnb during the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC bought a new stake in Airbnb during the 4th quarter worth approximately $26,000. Orion Capital Management LLC purchased a new stake in Airbnb in the 4th quarter worth approximately $28,000. Finally, Graney & King LLC bought a new position in Airbnb in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.