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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $130.18, for a total transaction of $91,126.00. Following the transaction, the chief technology officer now directly owns 172,119 shares of the company’s stock, valued at $22,406,451.42. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Airbnb Stock Performance

NASDAQ ABNB opened at $119.38 on Friday. The stock has a market cap of $75.27 billion, a PE ratio of 28.91, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The stock has a fifty day simple moving average of $136.49 and a 200-day simple moving average of $132.80. 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 released its quarterly 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%. Equities analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Hedge Funds Weigh In On Airbnb

Several hedge funds have recently bought and sold shares of ABNB. Sigma Planning Corp lifted its holdings in Airbnb by 3.2% during the 3rd quarter. Sigma Planning Corp now owns 7,194 shares of the company’s stock worth $912,000 after buying an additional 221 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Airbnb during the 3rd quarter worth $30,000. Apollon Wealth Management LLC grew its position in shares of Airbnb by 3.9% during the third quarter. Apollon Wealth Management LLC now owns 8,705 shares of the company’s stock worth $1,104,000 after buying an additional 328 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Airbnb by 72.2% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,401 shares of the company’s stock valued at $3,228,000 after acquiring an additional 10,648 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Airbnb by 40.7% during the 3rd quarter. Victory Capital Management Inc. now owns 716,230 shares of the company’s stock worth $90,825,000 after acquiring an additional 207,062 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Susquehanna boosted their price objective on Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a report on Tuesday, February 18th. Jefferies Financial Group raised Airbnb from a “hold” rating to a “buy” rating and raised their target price for the stock from $165.00 to $185.00 in a report on Monday. JMP Securities reissued a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Finally, Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus price target of $148.00.

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.