Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells 600 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $148.97, for a total transaction of $89,382.00. Following the sale, the chief technology officer now directly owns 209,374 shares of the company’s stock, valued at $31,190,444.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Airbnb Stock Up 0.8 %

Shares of NASDAQ ABNB traded up $1.25 during trading on Thursday, reaching $151.25. The company had a trading volume of 2,041,347 shares, compared to its average volume of 4,423,824. Airbnb, Inc. has a 12-month low of $113.24 and a 12-month high of $170.10. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. The business’s 50-day moving average is $150.67 and its 200 day moving average is $150.84. The stock has a market cap of $97.41 billion, a PE ratio of 20.07, a P/E/G ratio of 1.87 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.23 by $0.18. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. Airbnb’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 EPS. As a group, equities analysts forecast that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ABNB. BMO Capital Markets upped their price objective on Airbnb from $135.00 to $151.00 and gave the stock a “market perform” rating in a report on Thursday, May 9th. Piper Sandler Companies lifted their price target on shares of Airbnb from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. B. Riley started coverage on shares of Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective for the company. Truist Financial raised their price objective on Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of Airbnb in a report on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $152.38.

Hedge Funds Weigh In On Airbnb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC purchased a new position in shares of Airbnb in the first quarter worth $25,000. CVA Family Office LLC bought a new position in Airbnb during the 4th quarter valued at about $26,000. Orion Capital Management LLC purchased a new stake in shares of Airbnb during the 3rd quarter valued at about $27,000. Bfsg LLC bought a new stake in shares of Airbnb in the fourth quarter worth approximately $27,000. Finally, Trust Co. of Vermont bought a new position in Airbnb during the fourth quarter valued at approximately $27,000. 80.76% of the stock is 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.