Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $1,815,104.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 11,488 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $1,815,104.00. Following the sale, the chief technology officer now owns 181,214 shares of the company’s stock, valued at approximately $28,631,812. This represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Airbnb Stock Performance

Shares of ABNB stock opened at $146.07 on Friday. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $92.60 billion, a price-to-earnings ratio of 35.37, a P/E/G ratio of 3.81 and a beta of 1.12. The stock’s fifty day simple moving average is $135.45 and its 200-day simple moving average is $130.96.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Putney Financial Group LLC purchased a new position in Airbnb in the fourth quarter valued at about $178,000. AlphaCore Capital LLC purchased a new position in Airbnb in the fourth quarter valued at about $432,000. Mackenzie Financial Corp grew its stake in Airbnb by 33.2% in the fourth quarter. Mackenzie Financial Corp now owns 52,619 shares of the company’s stock valued at $6,915,000 after purchasing an additional 13,113 shares in the last quarter. Amiral Gestion purchased a new position in Airbnb in the fourth quarter valued at about $631,000. Finally, North Star Asset Management Inc. grew its stake in Airbnb by 8.1% in the fourth quarter. North Star Asset Management Inc. now owns 53,147 shares of the company’s stock valued at $6,984,000 after purchasing an additional 4,001 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ABNB. Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a research note on Friday, February 14th. Morgan Stanley lifted their price target on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Canaccord Genuity Group lifted their target price on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, UBS Group increased their price target on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average 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.