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

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

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $133.24 on Friday. The company has a fifty day moving average price of $134.08 and a 200 day moving average price of $131.56. The firm has a market cap of $84.47 billion, a PE ratio of 46.75, a PEG ratio of 1.81 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

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 return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the company earned $2.39 earnings per share. Research analysts predict that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Several hedge funds have recently made changes to their positions in ABNB. Benjamin F. Edwards & Company Inc. grew its position in Airbnb by 13.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,197 shares of the company’s stock valued at $788,000 after purchasing an additional 608 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Airbnb by 11.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 19,729 shares of the company’s stock worth $2,992,000 after buying an additional 1,969 shares during the last quarter. Frank Rimerman Advisors LLC grew its holdings in shares of Airbnb by 696.0% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 1,982 shares of the company’s stock valued at $301,000 after acquiring an additional 1,733 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Airbnb by 90.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,643 shares of the company’s stock valued at $229,000 after acquiring an additional 780 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Airbnb by 81.7% during the second quarter. Public Sector Pension Investment Board now owns 16,919 shares of the company’s stock worth $2,565,000 after acquiring an additional 7,609 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on ABNB shares. Benchmark reaffirmed a “buy” rating and set a $155.00 price objective on shares of Airbnb in a report on Friday, November 8th. Morgan Stanley upped their price target on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. TD Cowen lifted their price objective on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Phillip Securities restated a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research report on Tuesday, November 12th. Finally, DA Davidson lifted their price target on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.